It will probably change who applies more than it will change who gets accepted. A lot of people reason that YCombinator is 6% of your company for ~$20k, are dis

It will probably change who applies more than it will change who gets accepted. A lot of people reason that YCombinator is 6% of your company for ~$20k, are discouraged by the implicit valuation, assume (incorrectly) that the other parts of it probably aren't worth very much, and discard the idea of applying to YCombinator. This deal makes it obvious there's more value than the initial investment and makes application more compelling.