[feifan]

As a founder of a prospective startup, I know that so much can change in a matter of days or weeks — not just about the people/market/concept, but also with the founders themselves as we "grow up". I wonder how many founders came into their pitches throwing red flags, but who would have outgrown them during, or even before, the YC program began.

[rk17]

In my honest opinion, they should just re-apply afterwards. It's impossible for investors to see if those red flags will or will not disappear during development. They are quite explicit that the pitch is paramount and why it so.

[nswanberg]

Probably quite a few, especially those like Drew Houston who didn't get in on their first try. Presumably on that first application Drew had some of the same good credentials (MIT grad, perfect SAT score).

[feifan]

It's a shame YC doesn't provide feedback on applications…I'm sure they make notes as they go through the apps (at least for the ones they're not sure about) — would be great for them to have a system to include those notes with their decision notifications!