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What does this mean for those of us who have applied for this summer?
really, no important change. but we will add companies going forward as they apply. so their 3 months runs at a different time than people during the summer.

that said, we are doing away with weekly dinners and some other stuff so we can concentrate on things that will add and create more value for our companies.

Would it be advantageous to then re-apply with the companies as they progress? For example our company has changed in marketing strategy and monetization since we have applied. If this is the case, would it be better to meet in person or just send another application.
Your call. For companies that are on the cusp of being interesting to us, we're going to start providing advice in the form of "we think you should do X, Y, and Z and then come back and talk with us". That doesn't mean you have to follow our advice but it'll serve as a guide as to what may get you to the point that we think it's a no brainer for us.

Oh yeah, new apps are not up yet - will be in the near future though.

Thank you for the quick replies. Hopefully this helps out other shotputers with the same questions.