I remember coming to an event at the YC headquarters a few years ago and that's exactly the way PG acted in person as well. He was surrounded by people wanting to talk to him the whole time, whenever someone would say hi and introduce themselves he would immediately ask for their HN username, then either strike a conversation or just say something along the lines of "doesn't ring a bell" and pass on to the next person.
Many of the people that have gone through YC feel like the program has inherited that same quality. There are a few darlings in each batch that the partners really focus on and put their biggest efforts towards, while the rest feel almost inadequate for not being as awesome as the top ones.