If you have strong prior belief about outcome of your action, if it doesn't go as you planned. You have a way better signal to update your internal model.
That is kinda true, since the peers who would be rating your weekly progress update wouldn't necessarily be your target audience.
So, you'd have to optimize your products pitch to be appealing to your peers, that means spicing up your landing page, adding cool graphics etc. I even went as far as having an option of easily creating a test account to play with the product without needing to sign up and sadly no one used it. For the first 2 weeks, I was getting more downvotes than upvotes. After which, I focused more on sharing metrics (sign ups etc) rather than solely focusing on reporting the work I have done. This did have a material impact in the peer rating process. Once I made it to Top 50, my project was selected by one of their experts, quite fast.
I got into the program, like a week ago. Still learning the ropes, I'm having a great time with them so far. Their internal slack group is really fun and their team is also quite responsive when it comes to resolving your queries.
On a deeper level, I really appreciate the strategic approach they have chosen when it comes to supporting and nurturing the entrepreneurs that they have backed, where the default approach is not writing a check to make the problems go away. But, actually listening to the myriad problems that crop up over the course of your startups journey and actually making a concerted effort to solve said problems.