"boosted applications by 40 percent for the upcoming class"
There is some kind of misunderstanding here. On-time applications for s2011 were up by 84% from w2011.
How does it compare to s2010? I wonder if there are more applications for summer, because you can apply for after graduation, rather than in the middle of the school year.
A bit over 2x.
Wow... I don't envy the work it takes for you and the YC partners to review applications, particularly when the numbers make such a step change.
Does this also make the startup bubble a little bigger? I mean there are quite a few now Dreamit hackny. Not that these are not good. Both have produced great companies, but as more people invest and hop on the startup bus what will happen?
The bubble is not at all systemic. The most likely consequence is that lots of angel investors and VCs are going to lose money and then there will be a downturn in investment for a while. It's very cyclical.