My friend (and co-founder) and I have applied for winter 2012. Even if we don't get in, I don't think it will change much of who we are, or what we're driven by. But I guess my biggest question has been this: In the event that we (any anyone else going through this process) don't get in, how hard should we spend thinking about that? And what I mean is, every time I've done something I spend some amount of time evalua…
I wish I could say it means a lot if you don't make it to the interview stage, because that would imply we're really good judges. But unfortunately we know we miss a lot of good applications. We have thousands of applications to read, and not much time to do it in. It's difficult for us to distinguish between applications that are genuinely weak, and those where the founders just don't present themselves very well.
See for example:
http://blogs.discovermagazine.com/notrocketscience/2011/04/1...