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If the quality of YC startups is improving every round that means that more and more companies YC would have previously invested in are missing out. What's to say you won't find a dropbox or heuroku out of the rejects group that would have made it into previous rounds?

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It's going to come down to determination of the group, and it's hard to gauge that in an application or interview process. I'm in the process of gathering more information about groups that applied to YC/TS/500 that were rejected but eventually became successful. If you know of any, please let me know. allan@ycreject.com

Sent you an email. Also added links to YC Reject and YC Reject Reject to Y Combinator Universe ( http://ycuniverse.com ).

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