What do you have to lose? Nothing.

I guess this could be analogous to applying for college. Everyone wants to know what their chances of getting in are, etc. The best thing to do is just apply and let things fall into place.

You never know, getting into Y Combinator could be the best thing that ever happened to you, but on the other hand, not getting in could lead you on a path that turns you into a billionaire. You never know.

I'm applying for this next round as well.