What do you actually think the site would gain by going the VC route?
Clearly you would be able to sponsor more games and animation because you'd have the extra funds, but other than that, how do you think the site would improve? Through watching the site develop since 2006, I can tell how this site isn't really about making you or your employees money. You're just thrilled that you can make a living doing this. It seems that in order to make this site hugely profitable, you would be required to change some of the very foundations of the site.
If you can think of changes that you can make with the additional money that will improve the experiences of both site users and flash devs, then maybe VC would be worth it. But unless you have a specific vision in mind other than being able to sponsor more artists, there is no reason to sell out to VC.
Basically, the heart and soul of NG relies on its being autonomous. It is the fact that the site has everything and supports everyone from dudes doing stupid Sonic spoofs to people like Shadman who earn their reputation doing gruesome art. VC isn't going to like the fact that people like Shadman exist and are celebrated on this site, and that's a bad deal for NG. Part of the reason the site is so successful in the first place is because it filters very little content. And while it is true that no one really needs people like Shad, they are what keeps this site so different from most others.
If you lose your autonomy and become just another flash portal that sponsors a bunch of flash artists, I don't see how NG would be any different than Armour Games or Kongregate. That wouldn't be a bad thing necessarily, I like those sites, but there is something special about the heart of NG that keeps it much more interesting. I'm against selling out to VC. However, if you have a real plan on how the site can accept this money and turn the site into something way better than what it is now, I might be persuaded.
Also, this shouldn't be a popular vote thing. Honestly, most of the kids here don't seem to understand how much would be at stake going for VC. They just see dollars going to their favorite website and think that has to be positive.