You don't become a Silicon Valley celebrity by being shy
mitsloan.mit.edu
mitsloan.mit.edu
My point is not that there should be no filter, but that this specific filter is deeply flawed. There are a nearly infinite number of other ways to filter the onslaught of requests, your fallacy-of-the-excluded-middle argument notwithstanding.
It’s worth noting that the people in question have astonishing financial resources. Is this really the only and best possible solution under those circumstances?
However there has been a market response. YC is the best known such, but other accelerator efforts such as techstars and university accelerators; angel aggregators and the like don't have similar qualification thresholds; those who pass through them have access to more traditional sources of capital.
Billionaire introvert = Reid Hoffman
Or maybe it's just a fluff article and not worth saving.