Thanks to all of the Y Combinator Staff for taking the time to read our application. I wish those who made it through best of luck with the interviews. To everyone who didn't, I'm going to keep going, I hope you will also!
We didn't make the cut, so we're incorporating within the week, cementing our partnership with a 3rd team member (Columbia biz school prof), and immediately seeking funds from more conventional (although more dilutive) sources. We are also looking for one more hacker to join us. We can pay $5k for sure (possibly more depending on alternative funding) + equity for Jan-Mar in Palo Alto area. We're building a collaborative investing system that's quite different than the ones out there, and we have team members with deep domain expertise.
Thankyou
There are other YC threads on incorporation. For general information, Wikipedia is pretty good :) [http://en.wikipedia.org/wiki/Incorporation_(business)]