The driving (financial) force behind the 90's explosion of startups all over the world. Basically, a VC is a person or a group with a lot of money. They either seek out, or are approached by individuals with some idea that they need cash for. These ideas can range from new designs of a tuning fork to a new dot.com company.

The name come from the fact that the VC is risking (read: venturing) his money (read: capital) on the proposed idea.