[sadface]

Despite the name, it's probably less about mirroring college applications and more about competing for top undergrad/grad students who would otherwise be recruiting for companies like FB, Google, Bain, etc. When I was in grad school, the top tier firms started recruiting in the fall and their incoming graduates had all accepted their full-time offers before winter break. I believe this is the same for undergrad.

In a lot of ways, you could think about this as giving students more optionality as they will have the opportunity to consider YC alongside other extremely compelling opportunities. It's smart for YC to try and get in front of students when they're in a better mindset to evaluate that tradeoff.

I'm sure there are a lot of students who would have be great YC candidates but end up signing a Google offer in the fall and just stay there for years because the pay is so good it doesn't make sense to leave...