pg answered a question similar to this a couple weeks ago during Startup School. In general, his answer was that there have been some applicants that have slipp

pg answered a question similar to this a couple weeks ago during Startup School. In general, his answer was that there have been some applicants that have slipped through over the years. He went on to say that since there's now a number of similar organizations like YC, a lot of the good ones that YC passes on end up getting picked up by other funds. YC is able to use that as a metric to measure their own processes and modify them over time.