YCombinator – Rejection! let’s parrty with Ibizaah!

When you startup gets rejected by YCombinator you get this email:

We’re sorry to say we couldn’t accept your proposal for funding.
Please don’t take it personally. The quality of the applications
continues to increase with each cycle, and since there’s a limit
on the number of interviews we can do, we had to turn away a lot
of genuinely promising groups.

Another reason you shouldn’t take this personally is that we know
we make lots of mistakes. It’s alarming how often the last group
to make it over the threshold for interviews ends up being one that
we fund. That means there are surely other good groups that fall
just below the threshold and that we miss even interviewing.

We’re trying to get better at this, but 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.

Y Combinator Staff

Then you cry a little and then you celebrate by throwing a party with Ibizaah!

Congrats to the selected ones and to the rest (most of the applicants I suppose) join me at Ibizaah! and get some tunes going on!.