On: Uber and Lyft’s new road: Fewer drivers, thrifty r...

[robertlagrant]

VC funds are constantly being spent like this. The main unavoidable flow in the other direction is taxes and inflation from printing money.

VCs get rich, but they risk a lot of their own money doing so.

[native_samples → robertlagrant]

VCs are generally not risking their own money these days. They raise funds from many other people, and sometimes that includes <gulp> pension funds.

[astrange → native_samples]

Spending your own money is called angel investing. VCs spend other people’s money.

[robertlagrant → astrange]

Sure - I mean it's their own firm's money under management.