Chad, did you try to position company for a talent acquisition? Can you lend insight into why this was not a good exit option for Notifo?
Sounds like another point in favor of multi-founder startups. I wouldn't consider even a talent acquisition to be "dying" if the founders end up happy about it.
Edit: I just found a post about your experience on your blog, thanks for writing about it already. For others who are curious about this, see here: http://blog.jazzychad.net/2011/08/31/applying-to-yc-as-a-sin...