Well VC are investors and money managers. If they've raised a new fund, then they need to put it to work. Capital that's just sitting there as cash on deposit i

Well VC are investors and money managers. If they've raised a new fund, then they need to put it to work. Capital that's just sitting there as cash on deposit isn't working, which means the VCs running it aren't doing their jobs. Q: how do VCs manage money that isn't yet invested? Put it in US Treasuries? Or the money markets with short term paper?