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had a choice available to her in the marketplaceWell, that's not actually true, because she didn't apply to yc to begin with, so we don't know whether or not the choice would have been available.
Oddly enough, I think I met ericabiz (hello ;), she briefly stayed at my house through airbnb. I totally agree that she is talented, and that if people like her are not even applying because of such a perception, it is a problem. I feel it's a false perception, but not well-addressed by statistics trying to prove or disprove a lack of bias (as she had suggested).
But, really, it's a one page form and it was designed to be useful for founders whether or not you are accepted. The worst outcome (which 95%+ of applications receive) is not getting an interview. So apply! (erica and every other female, male, white, black, green, 40-something etc in this thread).
Fear of rejection (not just from YC) is simply a dumb fear if you think about it, particularly if your doing a startup. Because you are going to be rejected over and over anyway, and ultimately no one can save you from building something no-one wants (the only rejection that means anything in this context).