I applied knowing my company didn't fit the profile and that my chances were slim (one founder, a couple decades out of college, family, not based in MV or Boston.) Rejection is never pleasant, but the experience was positive overall and I take my hat off to Y Combinator for pioneering this unique approach to helping startups. I know other investors are watching closely and some are beginning to emulate them. All good. It would be most helpful if YC could provide statistical profiles of companies that applied and those that made it to the next round. Would also be interesting to know how many YC is planning to fund (given the current economic stituation.)