I'm not a "crank" at all in any sense at all. E.g., I've listed some of my accomplishments, and they are real and significant. It's the VCs who are wack-o: Commonly they are not qualified for any significant role in a technical startup. And as at
http://www.kauffman.org/newsroom/2012/07/institutional-limit...
on average the VCs have not been making much money.
My typing here is long enough to provide evidence enough to make my points. Just short assertions with no evidence are not meaningful.
VCs are commonly treated as heroes, the smartest people in the room; maybe you are upset to discover they are not.