If you have a chance to prepare before the calls, they must be prearranged, right? So why not send a form email that says, 'We're flattered that you'd consider working with us. We're not looking for funding right now, and we're really busy improving our product, but if you have any thoughts on what we could be doing better, send me a short memo at this address, and we'll follow up. For more information on our company go to wufoo.com/faq.'
From what I understand about VC psychology (all from PG essays and this site, not personal experience) this would drive them mad with desire. Plus you'd save a lot of time.
I love this! It will indeed drive some of the VCs nuts. And it's the ultimate test. Everyone's money is the same. What can you bring to the table beyond a check? Tell me something smart and I might take your money.
It's the right way for a founder to do due diligence, and it puts the relationship upside down with VCs. I'd love to be in that position. I got my share of calls from VC associates, but the real VCs I care about barely give me more than the time of day.
From what I understand about VC psychology (all from PG essays and this site, not personal experience) this would drive them mad with desire. Plus you'd save a lot of time.