I wish Taggar had addressed how this is going to impact the application review process. It sounds like the YC partners already have their hands full with the number of applications coming in each round, and I assume those numbers are shooting through the roof this round. Are all of the partners still going to read all of the applications, or are they going to need some triage this time around?
I doubt anything will change. We've always had to cope with rising application numbers, and we've constantly been tweaking the system to deal with them. Between more partners, more alumni, and more software, we'll probably manage without any externally visible change.