I work on the software team at MassChallenge, a nonprofit and startup accelerator in Boston. We work hard to make the process of applying as valuable for startu

I work on the software team at MassChallenge, a nonprofit and startup accelerator in Boston. We work hard to make the process of applying as valuable for startups who don't make it into the 128 that actually come into our space for the summer. Multiple companies have gotten rejected, used the feedback our judges give them, and gotten in the 2nd time around, won money in the end. The criteria we look for are slightly different since we don't take any of the company's equity and thus look at broader impact than just profitability but everything said here is true for us as well.