just shows how much YC applicant evaluation sucks. Thanks to the community comprised mostly of other rejects YC was able to realize their mistake and fund this awesome company.
I honestly don't think it was a mistake the first time. We had almost nothing to show for what we wanted to build, it must have looked like a toy at the time. Our first application was more of a "fancier web inspector plugin" with no validation that there was a market for such a thing – I probably would have made the same exact call if I was sitting on the admissions/evaluation side.