Since people are still applying, I thought we'd better announce when the application form will be turned off. If you want to apply, do it by tonight at 10 Pacific time. Please don't get your hopes up, though. The odds of a late application getting funded are much lower, and the odds of us funding one this late (the first dinner is on Tuesday) are very low indeed.
Not necessarily, if you are living off savings then you have a limited amount of time to either put something out that could become cash flow positive or secure funding.
It would be hard to quantify missed investment opportunities because of timing though because many companies that could have been won't happen because of the missed opportunity, you could only really quantify people who have stated they took alternate investment or joined another seed fund because of timing.