If you advertise that you only accept/hire <n% of applicants, what you're telling me is less that you're exclusive and more that you don't properly communicate with potential applicants and consider it beneficial to you to waste their time
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YC only accepts a small percentage of applicants, but they certainly don't want to waste anyone's time.
Having a low acceptance rate is not the same thing as advertising one — if you're treating low acceptance as a value add, I don't think your incentives are aligned with mine as an applicant
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It seems to work fine for the Ivies
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Ivies notoriously advertise to students they'd never consider accepting
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In YCs case, that low acceptance rate acts as a credentialing mechanism no?
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I fucking hope not
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Yeah - what I think of is colleges intentionally encouraging hopeless candidates to apply just so that can reject them to decrease their acceptance numbers (since exclusivity is a college status indicator). I know I read this somewhere, but can’t remember where.
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Okay how do you differentiate between the two ?
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It seems like just sharing facts about acceptance rates is the kind of information openness that benefits everyone.
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