You don't need to have the latter to be the former. A VC can use their own money exclusively, and do so all the time. The professional VC's that manage pooled investments of other people are only a subset of the term Venture Capitalist.
Not really... http://www.bandangels.com/ What's the difference between YC and these guys? Maybe in the amounts invested.
Q: What does the Band look for in their initial review?
As with most venture funds, the Band seeks to invest in companies with a strong management team, unique technology and a large potential market.
That's why I'm suggesting it's all semantics.