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Interesting way to bury the lede that 32 companies received a Fellowship offer. The estimate was 20. (http://techcrunch.com/2015/07/20/y-combinator-just-introduce...)

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Honestly if we were prepared to take 320 that would have been good. The quality was outstanding.

I really underestimated the amount of applications that you guys received. I was thinking maybe a few hundred, like 800 or 900, at the most, but 6500? I was way off.

I was wondering though, if the Fellowship program showed great results and you guys decide to continue it, how much equity would you ask for? Have you thought that far ahead yet?

I have no inside info, but I think YC Fellowship could be a startup lead generation system: when you get a Fellowship grant and your company begins to work out, you will probably apply to YC and get accepted. Then YC receives equity (and only the equity of the huge winners matter financially).

You will see many coming back stronger for YC W16 application: 2015 is big time in a lot of fields. The YC ecosystem (alumni and network) is so diverse and lively nowadays that it could even generate self-sustaining innovation, more than universities and corporations.

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