It actually helps if you contribute to an existing project, because it is like, you worked with others on an existing codebase and contributed features in a big project which has high visiblity and is being used in real life by real people.
Much of what we work is all with people and on large codebase, so if you are contributing to existing project, it is actually helpful for interviews. Also it takes weeks to get a PR accepted, so if you actually were successful in getting your feature accepted, it shows your resolve to contribute the feature because you want to contribute and not because you want to do a PR stunt for your career (and not get annoyed by the constant changes which the authors ask, which are close to a million)
There are thousand working on linux (the kernel). How many of them do you know?