Merely asking and answering the question "Who should we invest in?" takes a considerable amount of money by itself.
"The company is spending about $100 million annually on the funding of startups, he said."
"All told, Dell Technologies Capital has invested in more than 70 startups. It puts in around $3 million to $10 million initially and usually in the A or B rounds, Darling said. The company provides more money in later rounds."
If your investment team that answers the question "Who should we invest in?" is consuming $100M itself... I need to change jobs.