We had a local 'VC' club that raised money for investment. Had dinners where they considered pitches, talked them over. After two years, no investment. They pr

We had a local 'VC' club that raised money for investment. Had dinners where they considered pitches, talked them over. After two years, no investment. They preferred to meet for dinner, than commit their money. Just a social club. How many of those are there? How many millions locked up in supposed investment funds?