YC rejection emails are out!
"We're sorry to say we couldn't accept your proposal for funding.
Please don't take it personally, because most of the proposals we
rejected, we rejected for reasons having nothing to do with the
quality of the applicants. For example, we were very reluctant to
accept proposals with only one founder, because we think starting
a startup is too much work for one person. We also had a higher
threshold for applicants who were still in school, groups where one
or more members planned to keep their current jobs, and groups that
couldn't all move to California. We rejected a lot of proposals simply
because we couldn't understand them, or didn't understand the problem
domain well enough to judge them, or because the project seemed too
big to start on only three months of funding. Sometimes we even
rejected good ideas, because another group proposed the same idea
and seemed further along.
We realize this process is fraught with error. It's practically certain that groups we rejected will go on to create successful startups. If you do, we'd appreciate it if you'd send us an email telling us about it; we want to learn from our mistakes.
Thanks,
Y Combinator Staff"
39 comments
[ 3.1 ms ] story [ 106 ms ] threadI just want to find a hotter girl with bigger, better assets and make sure that one girl that didn't give me a chance see's that she really lost out. Maybe even send her a nice sex tape.
Nah, a diss is personal. There's nothing personal about this.
It sucks to be rejected. I needed to vent somehow.
There are opportunities all over the place. Keep your hopes up.
Hopefully you could handle either of those scenarios, but if I had to take one, the YC one is a pretty easy rejection. Heck, we even got a nice e-mail.
We didn't make the cut, so we're incorporating within the week, cementing our partnership with a 3rd team member (Columbia biz school prof), and immediately seeking funds from more conventional (although more dilutive) sources. We are also looking for one more hacker to join us. We can pay $5k for sure (possibly more depending on alternative funding) + equity for Jan-Mar in Palo Alto area. We're building a collaborative investing system that's quite different than the ones out there, and we have team members with deep domain expertise.
Thankyou
There are other YC threads on incorporation. For general information, Wikipedia is pretty good :) [http://en.wikipedia.org/wiki/Incorporation_(business)]
Frankly, now that the worry and anxiety is over, I can now focus my leftover time on building my idea.
As far as I am concerned, this is the worst mistake YC has ever made, and we will try never to let this happen again.
Hate to sour this little love-in, though.
http://www.adiunnithan.com/blog/?p=100
Will be interesting to see who got the invite and goes through to the 3 months. Does any one document this?
Congrats to all who made it!
R.
Back to coding.
Don't loose a chance to network, cooperate and succeed, we all are in a great team over here!