(!) You should invite more people. I can't figure out why you wouldn't want as many as possible
(2) You should change the name. Not only is it not good to label yourself as a "reject," there may also be people who have independent funding (I'm a contractor and make good money that way) that don't need YC money but would still be regular participants. What about "Indie YC" or something like that (perhaps related to a different math theorm)?
(3) Why do you want people to fill out the YC app again?
(4) And why does only one person (yourself) get to decide who gets in or not? There would need to be considerably more trust involved before people are just going to just let you make all the decisions. I tend to think it is better to say, "My co-founder and I will be at this place at this time every week with our laptops and free food." Once you have 3 or so committed startups you probably have traction enough to continue.
That said, I'm moving to the Bay area next month to work on solo ventures. I'm in if something is going on.
(!) You should invite more people. I can't figure out why you wouldn't want as many as possible
(2) You should change the name. Not only is it not good to label yourself as a "reject," there may also be people who have independent funding (I'm a contractor and make good money that way) that don't need YC money but would still be regular participants. What about "Indie YC" or something like that (perhaps related to a different math theorm)?
(3) Why do you want people to fill out the YC app again?
(4) And why does only one person (yourself) get to decide who gets in or not? There would need to be considerably more trust involved before people are just going to just let you make all the decisions. I tend to think it is better to say, "My co-founder and I will be at this place at this time every week with our laptops and free food." Once you have 3 or so committed startups you probably have traction enough to continue.
That said, I'm moving to the Bay area next month to work on solo ventures. I'm in if something is going on.