While mid-October was well after the "crash" there would have been no impact on founder's and their dreams. The types of founders that YC encourages are recent college grads who have not learned anything about economic cycles. They do not look at what is happening to housing, the stock market, the bond market, and decide to hunker down and get a job or go on to grad school.

Drawing conclusions from a single data point, proposals received in October, is as faulty as deciding the world is careening into climatic disaster based on drops in temperature measured in fractions of a degree C over the last few years.