These acceptance rates are misleading. A lot of those applications probably have no MVP and founders have no skills. If you filter to only those people who 1) h

These acceptance rates are misleading. A lot of those applications probably have no MVP and founders have no skills. If you filter to only those people who 1) have a product with some degree of traction or interest and 2) people who have qualified backgrounds, either in previous startups or FAANG or something else that gives them credibility, I think you'll find the acceptance rate is a lot higher.