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This is an article to read before your answer your first phone  call from a VC. The end of the article warms us: "Is there a lesson here for other entrepreneurs? It may be that no question is impolite during a meeting with investors. “It’s fair game to ask who they’ve seen, who they’re talking to, what they’re incubating,’" In other words, if a VC is asking you a lot of strategic questions, you need to know who you are talking to. What are they going to do with the information in addition to perhaps investing in your company. If you are talking to a potential competitor, you need to be a bit more guarded.

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