[badmash69]

That is good to hear.

However, given the popularity of YC, I am assuming that most of the applicants are in advanced stages of development when they apply.

[ig1]

It varies, some startups are post-launch and already have significant traction pre-YC while others are just at the idea stage.

About 20% of YC companies completely change what they're working on during YC, so for them the value of having something already built is relatively small.