Honestly I don't get it. While the story is cool, it really just seems like you're comfortable blowing several thousand dollars on what, lets be honest, is a very, very unlikely chance at securing a domain name. I know this story speaks of SV culture in some way; huge risk, huge rewards and the idea that no one can stop you. If the venture pays off, it makes you a hero. If it doesn't, well you get a cool story. But y…
Considering the context I have to vehemently disagree.
Steve's really well known in the UK tech scene. He's a regular attendee & speaker at the Hacker News London meet-ups. Acceptance into the YC program would have vindicated his ambitions.
YC is seen as almost mythical in this part of the world as it's a huge ask to move to the opposite side of the world to go through a program to gain funding when there are an insane number of VC's & angel investors in the UK. YC is essentially 'Tech Hollywood' as far as most UK hackers are concerned. You can make yourself a household name as an Actor based in the UK but most Actors would jump at the chance to make it in Hollywood. The appeal of YC is a microcosm of that analogy.
EDIT: I appreciate CaveTech is referring to the zap.com situation but the entire trip was a guy doing everything humanly possible to make his dream a reality. I stand by my point.