Two weeks ago Snip.ly, an infant Canadian startup that scored a Y Combinator interview for their Summer 2014 cohort, decided to post its successful application on Medium.
Indeed, they were rejected via email:
I’m sorry to say we decided not to fund you. It was a difficult decision because we enjoyed talking to you and we like the idea of a link shortener with conversion. We can see how you could build a solid revenue-generating business with this, but we worry we can’t see it becoming the huge type of company that investors like to fund. We’d encourage you to think about what this is a feature of on the path to being the next Google.