I didn't know the answer to that till you asked, but I just checked and the answer is yes, roughly. The percentage of applicants we accept may be going down sl

I didn't know the answer to that till you asked, but I just checked and the answer is yes, roughly. The percentage of applicants we accept may be going down slightly, but only slightly. Which is odd, because I've had a definite impression that the startups we've been funding are getting better. If that's true and we're funding about the same percentage of applicants, then either we're getting better at picking, which is probably too much to hope for, or the applicants are getting better. Come to think of it, the latter is probably the explanation: the top end of the applicants are getting better, because we're now sufficiently legit that people who wouldn't have applied to YC 5 years ago are willing to. If that's true, it is in fact getting harder to get funded, because even though the percentage we accept is staying roughly constant, there is more competition at the top, where it matters.