Even YC is open about the fact that they are wrong with rejections. Also agree on the problem with VC money as a measure of success, because it is not. And still it used, it seems, as the prime success indicator in everything start-up. And as such is the primary thing people seem to seek out. It is also very persuasive, sometimes I catch myself with a small amount of jealousy when someone in my field is raising multi-million rounds. And wouldn't even take that money if someone offered it right now.