Are you guys keeping track of statistics of grades for applications? I am wondering if at some point there is a clear cut off that you can safely say we don't need to interview these groups. If it is a linear/gradual decrease I'd imagine it would be very difficult to find that threshold.
The probability that we will fund a startup decreases pretty smoothly as you go down the list. It's not asymptotic at the cutoff. We'd probably have to interview half the applicants to get that last one. Which would kill us.
