Related to your feedback on my start-up, I do not think it was harsh and think it is spot on. Again to transition - unless I am mistaken YC does guarantee I be

Related to your feedback on my start-up, I do not think it was harsh and think it is spot on. Again to transition - unless I am mistaken YC does guarantee I believe in the form of a convertible note in the amount of $80,000 which was reduced from $150,000 from past batches. Though any automatic funding is irrelevant to my point. I even agree and say in my 1st reply that there is an inherent problem with YC permitting a company who was rejected, to present at demo day unbeknownst to the investors. I just do not think such a move would injure YC, they could disclose that 1 of the companies is non-YC but their identity will remain unknown until after demo day - I even believe investors would be very interested in learning who that 1 company was if only to justify their own bias towards YC companies especially if it is determined that the non-YC company attracted more investor attention than the average YC company - and in such a case you are correct YC may lose credibility. As an investor if your going to skip YC demo day because they are experimenting with their own program, that is your loss as the investor. Keep in mind YC is an experiment to begin with, they just have been very successful at what they set out to do...disrupt the start-up industry.