We applied to both YC and AlphaLab last year. We ended up being a part of AlphaLab, and I'm so glad that we did. It's been a great experience so far--lots of great advisors and contacts (who knew that Pittsburgh had so many tech companies?) Also, the terms are considerably better than YC. :)
AlphaLab is now accepting applications for the next cycle and they are very similar to the YC applications, so I thought I'd mention this to everyone. Let me know if you have questions!
Nope, but I'm glad that it worked out the way that it did. AlphaLab has been a really great program so far, and the benefits of YCombinator over AlphaLab (ie, exposure to Silicon Valley folk) are not really that important to us. Pittsburgh has a surprisingly strong tech and entrepreneurial community.
AlphaLab is now accepting applications for the next cycle and they are very similar to the YC applications, so I thought I'd mention this to everyone. Let me know if you have questions!