Edit: You guys below are taking "their loss" too seriously lol. Is it really their loss? Who knows. Do I think it's their loss? Sure.
Now I'm tracking 10 billion events a month in real time, and I'm armed with tons of awesome users, some friends and an increasingly solid strategy for capturing a few more markets. :)
For a start it could be that the startups they did back have gone on to achieve even more (or they expected to).
You're calling it as if it is black and white, and it isn't.
Still, I hope you continue to see success in your venture.
Any good VC or Angel knows they can't always make the right call. In fact, I'm fairly confident that YC has that written down somewhere. Possibly in multiple locations.
We realize this process is fraught with error. It's practically certain that groups we rejected will go on to create successful startups. If you do, we'd appreciate it if you'd send us an email telling us about it; we want to learn from our mistakes.
It can be much better for you in the long run anyway. Although now that you have a business going some VC support might enable you to expand quicker.
AR could be suitable, but I'm not 100% sure that I want to commit to seeking the sort of trajectory which results in a positive outcome for YC. I couldn't in good conscience take their money without committing.
If I was prepared to commit, YC would be the first to know.
The "weekend side project" option sounds much better, and is something I've been gradually moving towards.
YC would be a great resource but not getting in is not the end of the world. In any case, the posts on HN have been a great learning tool.
i'm assuming most of those that haven't, have a strong passion for startups, but just haven't come across that world changing idea?
When I last co-founded something, we didn't apply to YC because we weren't at all interested in moving to Silicon Valley, even for a summer, and we could raise money on our own.
No plans to apply to YC in the future for pretty much the same reasons.