Some of the comments here on HN about this are quite amusing, especially since many of the people who poo-poo Ashton's involvement in tech have no issues with a normal VC investment in a company. How is Ashton
any more annoying than the concept of some random dude thinking he knows whether or not your idea will fly, simply because he was entrusted with tens (if not hundreds, or even thousands!) of millions dollars' worth of capital from pensions, wealthy people, and others? He's just another guy with money, no different from any of the rest -- except he has massive visibility, and his public image means he is less likely to pull some of the inane shit I've seen many "respected" Valley investors pull on my friends (which, by the way, never gets called out, as they are the ones who are the "sources" leaking things to scoop-hungry newspapers and blogs).
I know the drama kids didn't sit with the computer club kids at the high school lunch table, but really... guys, stop being a bunch of haters.