I'd argue (if provided with beer and a forum) that it is a very professional approach once you acknowledge that once you have applied a pretty low bar BS filter

I'd argue (if provided with beer and a forum) that it is a very professional approach once you acknowledge that once you have applied a pretty low bar BS filter, the average, and probably great VC, has no better way of predicting massive success than a crap flinging monkey. Oh, coupled with the fact that almost all VC returns come from the gigantic winners.