Hi everyone, after all this, we believe the right thing to do is to accept everyone into Startup School, so we're going to find a way to make this work. More info here: https://news.ycombinator.com/item?id=17806459
1. Give the originally accepted applicants access to a separate pool of 100 $10k grants - so they have the same odds of accessing the grants. 2. If 1 isn't possible, try to think of other perks that the accepted pool gets access to (in addition to what was already offered to make up for the larger pool of people with access to the grants) 3. In tandem with 1 or 2, put some meritocratic constraints around all participants. In order to stay in start-up school, partcipants must read x book, conduct x experiments, etc. This way those who will really put effort into the program and be a part of the community will get to participate. After all, as Duckworth's book Grit outlines,and some research at Google, effort coupled with curiosity is an important predictor of success.
you’ll be able to use the company update feature so that you’ll also be eligible for one of the hundred $10k equity-free grant
So I think the competition is still among the actually selected 3000 applicants and there will be one slot for the rest of them.