Sure, I think it's fair to say YC skims good teams off the top and the average goodness of the remaining pool is decreased. I'm not disputing that. I'm disput

Sure, I think it's fair to say YC skims good teams off the top and the average goodness of the remaining pool is decreased. I'm not disputing that. I'm disputing the idea that the negative signaling for a team that doesn't make it in is as strong as the positive signaling for a team that does.