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I'm not sure if we should apply. We already did three times and were rejected. It kind of put us off psychologically, because we really felt we matched what YCombinator says they look for. This is from last year:

http://news.ycombinator.com/item?id=2426118

Since then, we have raised a little over $100k in our first round, increased our team, and got 20,000 people using us daily out of 200k (lifetime) installs. We applied and explained everything -- but again just got a form letter a couple months later.

So now we are up to 40k daily users, and out of 600k installs, about 200k people keep our apps and use them (just not daily). We are about to generate profit. We are talking to investors about a 5mil pre money valuation. I am wondering what is the point of applying to YC again ... can anyone who has been in a similar situation tell me what your experience was?




Have you discussed with your investors how they feel about you selling 2-10% of total equity at a valuation of at best 20% of what they are offering?


Hopefully their investors are savvy enough to understand that the YC experience would more than justify any of those details.




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