In my experience VC's are a necessary evil. They'll provide seed funding for companies with great ideas (and no other source of funding) and demand 80% ownership in the company in exchange for keeping them going one year at a time.
VCs consider that fair, because of the risk involved, but the nickname "vulture capital" is well deserved.
Those I've had experience with typically don't have staff to speak of, except a receptionist, accountant, etc.
And, I agree, that they are typically people with a success rate of starting businesses themselves, so have excess capital on hand. If they need "expertise" they'll hire a specialist or consultant for a day or two to evaluate a firm.
I would definitely *not* even bother with that sector as a first job after graduating. I don't think you'll find one there, and I think you'd be very disappointed if you did.