True. But when I was reading the Techcrunch reports on these last Demo Days, every time I read one of the batch had some dozen or two customers I couldn't stop

True. But when I was reading the Techcrunch reports on these last Demo Days, every time I read one of the batch had some dozen or two customers I couldn't stop thinking "How many of those are just other YC companies?" In other words, there's a bit of a discounting in effect now too.