The rejection email we got from YC.

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Hi Joe and Tara,

Unfortunately, we decided not to fund Coursicle for this batch of YC.

We really loved meeting you and think you seem like great founders.

In the end we worried about the size of the market you’re going after. We aren’t convinced it’s a large enough market. Even if you get 20M students to track 5 classes each and charge them $5 per class, that’s still not a billion dollar opportunity.

We could be wrong - and we’d love to keep in touch as you continue to build. I’d love to see you apply again and would be happy to touch base before the next application cycle. We’d love to see you test different monetization strategies.

Kat Mañalac
Partner, Y Combinator