Not surprised. I support egalitarianism as much as the next person, but as YC has grown linearly the number of times I’ve thought “what on earth?” about a YC startup has increased exponentially. The sad reality is that there is a finite number of viable startups in the world.

We’re also in the middle of a recession.

Is this a function of less folks applying or less high-quality/YC ready folks applying? or maybe the funding environment being harder for graduates?

Man. Everything is shrinking these days. Except for my stomach unfortunately.