From my perspective, of course Alex and I would have liked a different outcome, but I don't envy the decision that Paul and the team have to make either.
There's more than one post which has pointed out they don't always get it right. Only time will tell - YC was never a make or break for us.
Our immediate response (after initial disappointment) was "crap, maybe they're right". We've gone back and crunched the numbers and we still think there is a substantial opportunity here, but there's no doubt our forward planning is already being influenced by this outcome. We'll make sure we test these assumptions a lot sooner than we were initially thinking about.
Who wouldn't want the experience that was in that room to listen to you pitch for 10 minutes, and who wouldn't take some of that feedback on board and at least pause for thought?