Part of the earlier appeal of YC was that it was a batch of approval that, at least imo, was a strong signal to VCs to take a good look at the company and more-

Part of the earlier appeal of YC was that it was a batch of approval that, at least imo, was a strong signal to VCs to take a good look at the company and more-likely-than-not invest in. With larger batches and more lax selection that signal is so weak that YC comapnies are mostly like other companies with some traction.