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Too big to be interesting. As the cohorts grow in size, the returns begin to mirror the returns of the entire startup market.

It's the difference between having a large index fund, and having a portfolio of 5-10 good companies.

Basically it's like they're not even trying to filter much anymore.

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“Basically it's like they're not even trying to filter much anymore.”

I believe their acceptance rate this batch was still <<2%. That’s still a pretty fine filter IMHO.

That's not unexpected, with the popularity more companies apply - even some who would have never done it in past. So, I'd assume applications will continue to grow and acceptance rate should be going down. If the acceptance rate stays the same, I guess YC is lowering the bar. This likely happened already given the top ranking post from a YC member saying that acceptance is same still even though many more apply.

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