These VC’s are already lining up the exit as they are investing. They all sit on the boards of major corps and grease the acquisitions all the way through. The hit rate of the top funds is all about connections and enablement.
But yeah, VCs generally aren't about building profitable companies, because there's more profit to be made - and sooner - if you bootstrap and sell.
People should have realized it by now that Silicon Valley exist because of this.
I'm so tired of people who stubbornly insist that somehow only the same 500 people are possibly capable of having valuable thoughts in any way.