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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In YCs case, that low acceptance rate acts as a credentialing mechanism no?
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Investors are less trigger shy with YC companies because they know that at the very least these companies made it through a tough screening process run by experienced folks. But this is an unintended consequence rather than a selling point of YC.
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Not to me: I think the credentialling and network of YC are the two greatest benefits at this point from a founders perspective. I haven’t gone through the program but I doubt there’s THAT much content that differs from their more publicly available info.
End of conversation
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