See for example:
http://blogs.discovermagazine.com/notrocketscience/2011/04/1...
Thoughts?
That said, I don't know how the YC application process could be changed to catch either of those situations.
Filling out the app made the idea more real for all of us, and in the process we discovered that our fourth founder really wasn't passionate about the idea, and isn't ready to leave his day job. Had we not gone through the application process, we probably would have lost a lot of steam in trying to work with a founder that wasn't fully committed.
Also, we've been in a mad rush to get a MVP up and running. The idea is about three weeks old at this point, and the MVP will be up in the next few days. Had we not been motivated by the looming deadline (and wanting to get the app in early) we might have just thought about the idea for months, instead of actually implementing it.
Finally, the idea we're applying with is kind of my baby. I went out and found my co-founders by pitching the idea to everyone I could find, taking feedback, refining, and pitching more. I'm a back-end guy, and I needed front-end co-founders. Now I have a UI ninja and an amazing designer working with me to build a product we all believe in. If it weren't for the application, I would have just fiddled around with the backend code on my own, which doesn't exactly create an engaging user experience.
It almost doesn't matter if we get accepted at this point (not to say that I wouldn't be elated), because we're in such a better spot than we were a month ago.
Thanks for the advice!
I'd also highly suggest moving to the bay area. Meeting the right people and getting your name out there is just SO much easier (we just did this and it's night and day, regardless of Austin being a good startup town as well).
We're in the same boat, we just applied for Winter 2011 with what we think is a great team, solid idea, and some early traction. If we don't get in we'll still be focusing on launching, traction, and listening to our customers early on.
we want this as much as the next guy, if not more, but we also know getting in is not the end result, it's only the beginning. it's gonna get much tougher once you're in!
the advice i got a few week ago really helped: "don't put all your eggs in one basket" The more NOs you hear the closer you'll get to YES (unless...)
Cisco systems, pitched 70+ VCs/investors before it got funding, similar stories for intel, ebay, amazon, google, twitter, and so on...
But I guess my biggest question has been this: In the event that we (any anyone else going through this process) don't get in, how hard should we spend thinking about that? And what I mean is, every time I've done something I spend some amount of time evaluating how it went and what I learned from it. In the case of YC, it's about the idea + founders, so if we didn't get in, I would need to spend some amount of time evaluating the idea + founders and deciding what it means.
That doesn't scare me, instead I think that's the most exciting part. To be incredibly self-critical is the only way to make great things. As much as we were writing our answers for those who will evaluate them, we were also writing them for ourselves.
Great post, makes me feel more optimistic about the entire ordeal.
Edit: meant winter 2012