You should not call it 'rejects', but 'YCommunity' or something like that. If I were in the area, I'd be interested, but I'm not a YC reject (I'm a didn't even apply:-) Heck, maybe some of the YC-accepted would be interested in meeting up and sharing information.

I don't care how to call this community. Name is not that important comparing to the value of community itself :)

That was my bad, sorry.