Interesting and I'd say about 1/2 right in terms of composition. Sorry to be a hater, but the methodology and the other 1/2 of the group are head-scratching to just wrong.
Respect in VC should come from returns unless LPs are now willing to be paid in Twitter followers and blog post retweets.
A step in the right direction toward information asymmetry between startups and investors. It is very difficult to come from outside the valley or vc community and know who is high quality and who is not. Which has some impact by who has money versus those that don't, but is not solely dictated by that factor alone by any means.