ALL VCs are risk adverse to some extent, because non addressed risks can very easily reduce or remove a chance at a return on investment for them. The VCs during your pitch, are going to assess many types of risk to see if your idea matches their risk tolerance. That includes leadership and execution risk, property risk, regulatory risk, legal and judicial risk, product risk, etc. Lots of risks to consider.

That is why it is also important to before you pitch, work with a risk manager or someone experienced in helping you evaluate those risks, to reduce their footprint and form acceptable responses to the likely risk intolerant questions the VCs will ask. Executional risk is always one of their largest concerns which is why VCs like to see strong leaders in groups, not individuals trying to boot strap or inexperienced leaders.