[halkazzar]

I think YC is not only about funding, but Networking. Funding itself is around 20K$. But value of meeting right people is priceless. So, definitely apply.

this is from FAQ: (http://www.ycombinator.com/faq.html)

- We've already taken some funding. Can we still apply? - Sure. We've funded many startups that have.

This might be also interesting for you: - We don't want funding, but will you give us advice?

- Unfortunately we can't. We've invested in so many companies that helping them takes up all our time. But we've collected some general advice in our library.

[theoutlander]

Thanks, I should have realized the FAQ was probably revised over the years.

While I agree that advice is priceless, don't most startups join YC so they can connect with VC's by the end of the program?

[halkazzar]

Well, that's truth and deeply depends on aims of startups. Sometime, as I see, people try out their Ideas and themselves. As Paul Graham mentioned in following post: "15% of teams change their idea after being accepted."

http://www.ycombinator.com/atyc.html

So, perhaps, if funding is not the case with your startup, I would think about strong media coverage after participating in YC. Which can lead to more customers.