[tempy_tempy]

A "startup studio" and a "venture capital fund" ???

no conflict there !!

Like, great, please send us your detailed startup plan and then come pitch and answer our questions, and then.... well, its not a good match and we pass 99% of the time, but hey, look at this back office studio we got going here, trying out new ideas we have never heard of before.

[boffinism]

I think you misunderstand how VCs work. If you come to them with a strong idea and evidence that you have built up that it will work and a plan for how to move forward and the right people and you try to get them to take equity they have really no incentive to to say no to you and try to build the thing themselves without you, when it would be so much easier just to help you build it.

[tempy_tempy]

A late reply.

Your logic is true for an 8-figure VC fund. Its more nuanced for a technically-proficient group looking at 5-6-digit (pre)seed rounds.

[oblib]

Sounded to me like they were paid for testing the idea for both the startup founders and investors because that's a specific service they offer.