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This is exactly what I'd hoped the essay would be about when I saw the title. While reading his essays about what YC looks for in founders, I've been amazed by how often I've thought to myself, "Wow! That's just like me." My rejections prove I have many faults too, and they help me to dig for them and improve.

I'm afraid that I get too excited while reading the parts that resonate so strongly with me that I gloss over important attributes where I need improvement. An essay identifying characteristics that made founders look very promising whose startups ultimately failed due to controllable variables would be very helpful for me. I'd be able to relate to characteristics I may (think I) have, and learn that those aren't enough. Or I'd learn that those characteristics are easy to mimic, that I'm not so apt as I imagine, and I'm just fooling myself about characteristics where I need far more improvement.