Some VCs liked it and invested. Others weren't willing to take the risk. Others acted deplorably.

When a Naya pitch meeting turned into a porn-fest, what did the Naya reps do? Did they try to laugh it off and humour the offenders because they wanted the money? Or did they realize that they didn't want to be in business with these people, shutdown and walk out?

If they didn't walk away, they are culpable. They clearly communicated that bad behaviour is tolerable depending on the money.