At this point half (maybe more) of the startups we fund don't need the money. And in fact the money is a pretty small part of what YC does. It works more like financial aid at a college: it ensures that the people who do need money can at least cover their living expenses while YC is happening.

It sounds like your situation is like Virtualmin's (including even being from Texas). They were in the last winter cycle. You should drop them a line; there's probably an email link at virtualmin.com.