7. Example Application Funnel (note: chances may vary based on your self-confidence level) Stage Status Chances of being the follower Application Sent your application, now good luck (while you submit you’re probably saying: “If I win, I’ll work with the InternMatch guys to fix that product”) 0,3% Appraisal 300 people to check (stanford grads, entrepreneurs, vcs, hackers) 1% Recognition You’re in the finals, with other 14 (let me assure you they rock pretty hard) 6,55% Response You got to the final round (that was lucky, now phone call with Dave!) 20% Reward You’re the shadower (now just try to survive the two weeks!) 100%