From this Quora answer [2]:
> Apparently, only one partner, Robert Morris, reviewed the SendGrid application, and he gave it a highly negative score, calling it a "spam company." That pushed it so far down the application queue that no other partner reviewed it. Paul talks about how they changed the application process after that so that any applications negatively scored by Robert would also get reviewed by Paul.
(Interestingly, venture returns skew so highly to big winners that SendGrid's objectively huge outcome would not even have had a material impact on YC's current portfolio value of nearly $1T [3]. I'm not aware of any current $10B+ companies that were rejected by YC, though there may be some.)
[1] https://www.zdnet.com/article/twilio-to-acquire-email-api-pl...
[2] https://www.quora.com/Why-was-SendGrid-rejected-from-YCombin...
The parent company became Thesis, a venture studio where we raised a $21M Series A, and have incubated a few more projects (Keep, tBTC, Saddle, Tally).
A friend's company, Wyre, was rejected. They ended up being acquired for 1.5B [1].
It would've been nice to do YC in 2013/14. From what I've heard from other founders, I'm not sure the value today is nearly so high.
[0] - https://foldapp.com [1] - https://www.wsj.com/articles/crypto-startup-wyre-being-acqui...
Just think about this. Every successful startup was rejected by some VC. It is par for the course and not really a big deal if you are winning.
YC is also very public that a significant number of every batch have been rejected a couple of times. So basically being rejected by YC is not even a strong indicator that you won't be a YC success.
Was told the business required a degree of enterprise sales that my skills weren't suited for. It's now worth $350m (on paper at least).
That said, no hard feelings. They see so many applications - they're bound to make the wrong decision time to time.
YC is mentioned at timestamp https://youtu.be/pYS3QKJHUDM?t=715
I attended the talk. The founder said they'll grow organically and won't need any VC money. I can't find the sections are not in the youtube video (missing minutes?). So I'm interested why the founder changed his opinion.
And I would take a guess Bolt probably got rejected.