VC's want to keep their risks low, they are more like investment bankers than true VC's. If someone approaches them with a seemingly good idea, they will want t

VC's want to keep their risks low, they are more like investment bankers than true VC's. If someone approaches them with a seemingly good idea, they will want to unload it after a development period and realize a 10:1 return. So, they will first talk with a couple of the big companies and try to "pre-sell" the concept without giving away too much of tge secret sauce. In essence, VC's are captive by the tech giants, just as are most professors, and university curriculums.