This alone should be enough to end the committee. It's very hard to be unbiaised, some succeed better than others. But in any case, 5 people managing a $110 million fund is not acceptable; that's not decentralisation. And as we can see, some committee members do not seem very mature and seem to take things personally; completely unacceptable.
Do you really see the future private money for the internet, having a 5-person committee deciding on what is going to become hundreds of millions of $ in treasury?