I didn't get your rant until this comment thread really showed me what kind discourse you're looking for and how the other poster was being inflammatory. On your side.

Now, on this topic, maybe it would be possible to establish a matching fund (maybe crowd-sourced, angellist style?) that gives some amount of matching funding in order to incentivize those VCs investing in demographic outliers, lowering the potential economic risks to investing in first-time, first-generation founders and non-Stanford/MIT grads.