Here's what I'd do if I were YC, especially having seen in this thread and on Twitter a bunch of seemingly promising startups that were rejected from Startup School:
Add a second chance--not just for those who received an incorrect email today, but for everyone who was rejected but fully audits the program. Toward the end of the ten weeks, allow startups auditing the course to submit a progress report or a second application, with some of those candidates--perhaps those that have shown the most growth over the course of the program?--accepted to participate in a later 10-week advisory program like the one Startup School offers on the advisory track. (I'm sure a chance at $10k would be appreciated as well.)
That would make Startup School a more appealing proposition for those who were not accepted, relieve some of the sting for those who are upset today, and to some extent correct for the fact that the selection process is inherently imperfect. From YC's perspective, it would increase participation in Startup School without requiring huge numbers of new advisors; you'd have 10 weeks to find a couple of new advisors for a small batch of accepted second-chancers, or perhaps some of the first-run advisors would be willing to commit to a second round. Plus this would give YC another opportunity to get in early with some of the most promising startups they rejected today.
(I think giving hope to people who were misinformed today would help alleviate some of the PR problems YC is surely going to face, but I'd add this as a permanent feature of Startup School anyway.)
We extracted Carom Analytics from the CRM we're working on, and we're releasing it for free since we've seen a lot of interest in actionable Stripe metrics--customer LTV, churn rates, etc. I'm happy to answer any questions and would welcome any feedback.
Add a second chance--not just for those who received an incorrect email today, but for everyone who was rejected but fully audits the program. Toward the end of the ten weeks, allow startups auditing the course to submit a progress report or a second application, with some of those candidates--perhaps those that have shown the most growth over the course of the program?--accepted to participate in a later 10-week advisory program like the one Startup School offers on the advisory track. (I'm sure a chance at $10k would be appreciated as well.)
That would make Startup School a more appealing proposition for those who were not accepted, relieve some of the sting for those who are upset today, and to some extent correct for the fact that the selection process is inherently imperfect. From YC's perspective, it would increase participation in Startup School without requiring huge numbers of new advisors; you'd have 10 weeks to find a couple of new advisors for a small batch of accepted second-chancers, or perhaps some of the first-run advisors would be willing to commit to a second round. Plus this would give YC another opportunity to get in early with some of the most promising startups they rejected today.
(I think giving hope to people who were misinformed today would help alleviate some of the PR problems YC is surely going to face, but I'd add this as a permanent feature of Startup School anyway.)