This focus on quality and keeping it small is the right thing to do. What does the acceptance rate look like though? I think after this affiliation there's going to be a lot more applicants and therefore the acceptance rate is going to go down. Maybe its a question for Neal and Mike, but what's the process for selecting applicants?

The application at http://starterleague.com/apply is the first step. As we review applications we choose people to interview either in person, via skype, or by phone. We are looking for passionate and persistent people that are willing to spend three intense, immersive months in Chicago.