When we got the acceptance email for our YC interview (Cloudkick, W09) it was prefaced with a very memorable message: You've probably noticed that the stock market crashed since the last YC cycle.

We're going to keep going as we normally do, but we should warn you that we have no idea what's going to happen come Demo Day.

It may be that all the startups will jump off the diving board as usual, and there will be no water in the pool.

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