YC batch s2012, not
Some of you received good news today from YC, some haven't. I'm in the batch that will serve to highlight deficiences in the screening process, by making it without YC' s involvement. For others in similar situation, let me cheer you up by reminding that the most important validation of your idea comes from users and traction. Application screening is tough intelligence test for screener, and they do make mistakes right and left. As Om Malik puts it: "I am old fashioned re startup contests. Good companies can manage w/o them. Angry Birds did not need them". As well as Google, Facebook, Instagram, and thousands other great businesses. Now, have a drink and get back to building whatever empire you were building. Good luck!
1 point by EREFUNDO 20 minutes ago | link | edit | delete
We are PayGuard and we're building a payments platform that would specialize in long-distance/cross-border transactions. http://stark-river-6968.herokuapp.com/ We do this by combining your normal payments gateway with the global network of an international money transfer company (Western Union) with the twist of "escrow". We got our rejection letter too but we are forging ahead with launching our beta late this May. We believe eCommerce will globalize and payments will be at the forefront to make this happen. We want to create a world where anyone can buy or sell anything anywhere. We would appreciate any candid feedback on our idea....intellectual honesty is the best weapon against self delusion.