I'm not saying that the better a startup is, the later they apply. Just that the set of people who decide to apply at the last minute includes some who are good.
Oh, I must have misunderstood what you meant. I interpreted "one of the surprising things I've noticed is how many good startups decided at the last moment to apply" to mean that there was a positive correlation between "good startups" and "decided at the last moment to apply".
Oh, I must have misunderstood what you meant. I interpreted "one of the surprising things I've noticed is how many good startups decided at the last moment to apply" to mean that there was a positive correlation between "good startups" and "decided at the last moment to apply".