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I just turned down a program yesterday because of this concern. They were surprised to hear it, but good to have this post out there to back me up on it.
by sachinag 11y ago
I just turned down a program yesterday because of this concern. They were surprised to hear it, but good to have this post out there to back me up on it.
- danieltillett 11y agoGiven that YC has less than a 3% acceptance rate is it wise to turn down a program because it might affect your chance of getting into YC?
- sokoloff 11y agoIt depends on how "even" you think that 3% is distributed. If you believe that 90% of teams that apply have a 0.0001% chance, 10% have a 30-ish% chance, and you have good reason to think you're in the 10% case, probably. I don't know if that's the exact math, but it's probably a lot closer to that than to evenly distributed.
- danieltillett 11y agoThis is true, but unfortunately few founders know what pool they are in. My guess is it is like VC funding where all the VCs want to fund companies that don’t need the funds - the companies that don’t need to be in YC are the ones they want to choose.