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.
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.