Paradosso
Stockmoose, you should give us some background on why you want an MBA and what you want to do next, but if:
1 - You are not absolutely set on this year
2 - You have not strong reasons for the schools you applied to (program, connections, location)
definitely do revise your application strategy. You want to stay in California, Haas and Stanford must be on your list. You want as renowned an MBA as you might get, there are loads of schools you should be considering, starting with M7s.
I encourage you to ignore sunk costs, put in your apps but don't set for anything below HBS or UCLA. Your profile is such that speaking of reaches and safeties does not make much sense, so just research and aim high.
I am definitely set on going this year, as I believe I need an MBA at this point to achieve my goals. When I started in the business, I wanted to be a comedy writer. Since I began, the number of comedy writing jobs has precipitously dropped.
After working as an assistant on a bunch of shows, I eventually had the opportunity to write for a startup internet tv show. This experience rekindled my interest in entrepreneurship, which began in college. I wrote a business plan in my senior year that made it to the national business plan competition finals, but ultimately, never got made.
After working on the internet show, I decided I wanted to start my own production company, and create my own short-form television shows that could be sold to unconventional distribution outlets (think airlines, internet sites, etc). I need an MBA because I don't have enough knowledge of private equity and venture capital financing. I'd need to master these subjects to obtain the capital requisite for starting a production company. Additionally, in the long run, I want to work at a major studio. I think an MBA would help me learn the managerial skills that I'd need to be successful at, say, Warner Brothers, Fox, etc.
Ignoring sunk costs really isn't a strategy I can pursue. Getting professional recommendations was a serious problem for me. People in the television business are far too busy to write recommendations, let alone, six of them. The two recommenders who finally agreed to submit for me were upset to find out they needed to write unique recommendations for each school. If I don't get into a top school this year, there would be no point in re-submitting next year, because I probably wouldn't be able to get anyone to submit recommendations on my behalf. Everyone in TV works 80+ hour weeks. The last thing they want to do is spent 25 hours writing recommendations.