Mark Suster of Koral writes painfully entertainingly on the un-joy of doing VC pitches. Moral of the story: Expect nothing from VCs in pitch meeting beyond apathy, confusion, late meetings, and you won’t be disappointed. Also remember, of course, that people with big funds will say you need more money, while people with small funds will say you need less.
Now and then, just by chance, you may actually pitch a VC who is smart, connected, and interesting, which will remind you why the whole venture capital business (just most of it) shouldn’t be shipped out to sea. Just don’t count on that happening often, or even at all.