That sounds so 2005. 3D printing is sometimes useful, but it's not magic. It's a prototyping process, far slower and far more expensive than high-volume methods of making things. Injection molding is so cheap. The former CEO of Autodesk, Carl Bass, thought 3D printing was going be a much bigger thing than it is. He thought every home would have one, because his daughter was printing dollhouse furniture. Didn't happen. He's gone now.
What this VC seems to be doing is buying up marginally successful 3D printing companies. That's OK; some of them were just going too slow due to lack of money. It's probably a good time to pick up some of the overenthusiastic ones that were going zombie.
Glowforge (formerly a Kickstarter) finally shipped, but they were too late. Now others have laser cutters in their $2500 price range. Laser engravers are now below $200 on Amazon. This might work out if tariffs prevent Chinese units from getting into the US.
It's not a "3D Laser Printer", it's a 2 or 2.5D laser cutter for flat materials, like all the the other low-end machines. There are real 3D laser cutters.[1] Glowforge isn't one. Laser cutters are quite useful, but they're a tool, not magic. Also, despite what Glowforge says, they need a serious exhaust system.
This fund also bought Formlabs. Formlabs has a nice stereolithography 3D printer. It doesn't really matter what they charge for the printer, because the resin cartridges are $149/liter.
You want to change manufacturing, make injection molding dies as cheap and simple to make as printed circuit boards. Or a low-end laser cutter with enough power to cut light sheet metal.