“Here’s something surprising about venture capitalists: their primary job is often helping very worthwhile nonprofits build larger and larger endowments to be able to continually make the world a better place. The largest investors in many top-tier venture capital firms are nonprofits — particularly universities and large philanthropic foundations.

Why you should feel sorry for VCs: life in the VC trenches seems to consist of trying to jumpstart or otherwise fix fatally flawed startups.