There are VCs, and there are LPs. VCs do the work of finding investments and setting up funds; LPs provide the money and wait for it to grow. Of course, from a

There are VCs, and there are LPs. VCs do the work of finding investments and setting up funds; LPs provide the money and wait for it to grow. Of course, from a startup perspective, both really just look like VCs. But in reality, the people working at VCs but who are not LPs are not usually rich.