I think it was telling that after the discussion, Dixon Doll, a co-founder and general partner of DCM, who was one of the panelists, approached another panelist (who shall remain nameless) and expressed genuine interest in learning more about a new deal that the panelist was working on.
Besides Doll, the other VCs on the panel were John Balen, a general partner at Canaan Partners; Bob Borchers, a general partner at Opus Capital and until this past June the senior director of worldwide product marketing for the iPhone; Rob Coneybeer, a general partner at Shasta Ventures; and Mitch Lasky, a general partner at Benchmark Capital.