$100M from only July last year is far far impressive. We have been on this for 3 years and barely reaching $1M revenue (Although I wasted two years of my life applying for YC/VC/Pitching)
That's a verbatim quote copied from the rejection email.
You don't owe an apology because you are not the one rejecting it. However keep in mind that what your beliefs are, they are not the same held by colleagues/friends/families.
Unfortunately dang we will always be yin and yang (founders and vc/yc).
If I have a thousand applications lying on my desk, my first task would be to remove everyone that has even the slightest issue. There is absolutely no way you would know who is going to be successful so your job is not to find the winners but get rid of the losers.
Unfortunately VCs have a power over startups. Any startups they touch will have higher chance to succeed. And when the winds are strong even the chickens can fly so it's not that you choose the right startups, its just that the startups YC chooses become right.
Not saying you are wrong but let's just agree to disagree ;)
it's not their problem. If you have issues or any issues or they smell any issues, you will be rejected. Too many people take VC/YC personally but try to put yourself in their shoes and ask yourself if your startup would be worth it. Your answer will be their answer
A major chunk of evergrande is owned by black rock and HSBC. The ripple effects will be felt beyond china. This is like saying the virus is only circulating in china. I will pay close attention when it starts in US.
I think the mortgage squeeze in china is far worse than the pandemic and they have done a good job of masking it. We will know in few months or years when the shock waves ripples thru here.
Also as humans we are myopic and can only understand everything as a relation to us. His tweet (https://twitter.com/paulg/status/1129897694984646657) about how you don't need to be rich to run a startup invariably shows that as humans we are poor at judging almost anything out of our current circle of understanding.
The major major thing that makes a startup successful in almost all cases is money. With enough wind even chickens can fly.
There are millions of brilliant people all over the world whose ideas we never see because they never had their opportunity or funding to bring their ideas to life.
GCP can seriously be #1 because their kubernetes platform and cloud platform is much better than other cloud providers I have used. I started off with their Google Cloud Engine (?) and Big Table they provided and even though it was not really pure Java, I loved it.
And then they pulled the plug on my accounts because some of my android apps had "likeness or similarity to other apps" which I have absolutely no idea what it meant. Then they pulled the plugs on my colleague's account because of equally vague reason.