In the industry, the term "VC" is used exclusively for people who manage venture capital firms. I'm not considered a VC. Closer to an angel. But that usually implies an individual person. There's no name yet for the kind of thing YC is.
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.