Venture funding is a financial and legal term with a defined meaning. Unfortunately the real world does not care whatever idea the hacker "community" has regarding what the words mean.
Actually the real world does care. Words have meanings in the context that they're spoken, and often times whether you want to or not, dictionaries have to update their meanings because they changed over time.
A dictionary has no bearing on the law and what is defined in a business contract. That would be like me claiming that I own a share of Apple Inc because I purchased an Apple in the supermarket. Sure, maybe I can get the entire HN comment section to agree with me, but that doesn't change reality.
