It's certainly a gamble - our (successful) YC application took a couple of days to put together, partly because the video was a real pain to get right.
That said, answering the questions in the application form really is a very useful exercise whether or not you make it in - it made us think about our company in a bunch of ways that we hadn't necessarily considered before we started applying. That's the difference between a YC app and the lottery - a lottery ticket isn't going to teach you anything.
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[ 5.7 ms ] story [ 12.6 ms ] threadI feel that it would be a waste of time. Kind of like entering the lottery.
That said, answering the questions in the application form really is a very useful exercise whether or not you make it in - it made us think about our company in a bunch of ways that we hadn't necessarily considered before we started applying. That's the difference between a YC app and the lottery - a lottery ticket isn't going to teach you anything.
" Purposes are deduced from behavior, not from rhetoric or stated goals " - http://lnkd.in/kK7hdJ