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In previous YC rejections I've thought to myself "wow if they rejected me they must have recieved some pretty spectacular applications". And then months later when I see the list of companies that did get in I was like "wtf did they really fund a location-based social network for cat fanatics?".

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And then you find out that they've managed to get an entire network of cat food distributors on board, and are currently pulling down $50,000 in revenue after having launched the third version of their site a week before applying. Oh, and one of the founders used to be the editor of Cat Fancy.

Sure, some mistakes will get made - but a company's success factors are rarely as simple as their three-word description.

I used to hear the ideas and react the same way. But then I meet the founders and I'm like, ok it makes sense now.

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