"it’s worth remembering that VCs are middlemen. "

https://www.theverge.com/2024/9/14/24244137/jd-vance-all-in-david-sacks-trump#:~:text=it%E2%80%99s%20worth%20remembering%20that%20VCs%C2%A0are%20middlemen.

@lopatto.bsky.social 's framing is quite effective at explaining some VC behavior.