It feels to me that there is something strangely self serving about this whole 'debate'.
Seedcamp was great and has done a huge amount to catalyse an early stage ecosystem across Europe. It takes a huge amount of energy to put something like that together. I think Reshma should get some slack here.
Someone got the hump because they were somewhere they shoudln't be then bleats bitterly about it and says their rules should change. If people feel that strongly about it, go and do your own thing and make up your own rules. The entrepreneurial community as a whole should benefit as a result.