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Re:I pitched YC, was rejected, just closed a multi-million d... by patio11 on Friday February 04, 2011 @01:55AM (#2178654)
If you think of it like this, you'll poison yourself. Maybe reframe it as "Declined the opportunity to invest in this team at this time."

(See also: college, job offers, consulting engagements, and -- took me decades to learn this -- dating.)

Re:I pitched YC, was rejected, just closed a multi-million d... by _pius on Friday February 04, 2011 @02:01AM (#2178662)
I agree with you 100%.

That said, I do think it's worth noting that the pleasant fiction of "it was the idea, not us" is patently false for YC.

A healthier (and more accurate) way to think of it would be to say that they're rejecting their perception of the team, rather than the team itself.