Xenophobia is an unreasonable fear of outsiders. The VC community should rationally dislike him because he is driving down the risk adjusted rate of return for VC investment, and backed by an endless supply of funds that traditional VCs have no access to. Of course, startup founders and tech employees should embrace him for the same reason.

As for his character, I don't think he is picked on anymore than Donald Trump. I reserve the right to make jokes about both of them.