Disappointed. I've got nothing against YC, but I've seemed to go into "success is the best revenge" mode ha. To be honest it's a good wake up call, I need to stop treating my start up as a lifestyle business. Dropping out of university at the end of this term and i'm pushing forward with it. Decisions been made.
Have you considered whether you're following a fantasy? Maybe you should seek advice from someone you trust who doesn't drink the HN/TechCrunch Kool-Aid. Somehow I doubt you were rejected from YC due to lack of effort.
The prototype has been developed, so I'm going to take it to market within the next few weeks. Then apply to YC again in the winter, with a bit more grounding and social proof.
It's not really the money I was hoping to receive it's the support/advice/mentorship, especially on legal matters. Most of the lawyers i've spoken to don't really have a clue about the SAAS model.