First rejection but I have a smile in my face. I did it, I had the courage to apply. So... yeah I'm happy.
A couple of my biggest regrets are not applying to Google in 2000 when I was graduating from CPSC: "Search engine? Well that sounds boring. And they don't even have a business model!".. Opps....
The other was not applying to YC in November 2009. "Oh the next class is too far away." I had a killer prototype, and since then the whatifs always haunted me.
Better to try, and be overlooked, than to never try at all.