Also some of these startups could also already profitable and small instead of growing at all costs - in that case not vc funded

Sometimes those tenured FAANG veterans have a bit of savings.

And a willingness and ability to risk for these 10x moonshots

Venture capital is far from the only way to fund new ventures. The majority of new ventures are not VC funded.

That's more of an issue for growth stage companies, not nascent startups.

I guess some may have leftover funds from the pandemic period.

Where else should LPs invest their money?