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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.

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

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

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