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If you're constraining them to work on specific things, then yes. Otherwise no :)

Funding means investing in their company. Hiring means paying them to work for your company.

Isn't that what VCs in general are doing? Hiring for more money, with more expected gains from you, with a different kind of legal arrangement, but still hiring nevertheless.

No, words have meaning.

If i order fast food im not hiring the worker because i pay them.

Hiring means one thing, investing means something else.

Wait. Were you were investing in that burger?

VC's can force the company to pivot or double down on things not (yet) working. You don't tell the fast food worker to build houses.

Funding people means you trust the people are so good they will push any idea to success. Funding an idea means you trust the idea is so good it will push any people to success.

Funding people means having a lot of trust in them. What's unsaid is if the investor believes coloring outside of the lines to make everyone more money is a breach of that trust, or just the normal cost/risk of business.