The flowchart is both correct and completely useless. It betrays the concern of a successful entrepreneur (Steve Blank) and focuses on the status of the VC wit

The flowchart is both correct and completely useless. It betrays the concern of a successful entrepreneur (Steve Blank) and focuses on the status of the VC with whom you will meet (partner, associate or none). VC meetings are easy to get. Just go to a few networking events, meet some of them, get their business cards and drop them a note asking for a meeting. Their job is something like 40% networking, 40% saying "no" to deals and 20% trying to value deals to which they might or have said "yes". By and large, I've found them to be very smart, nice and helpful people and I count a few of them among my friends. But remember: to get advice, ask for money; to get money, ask for advice. VCs apply money to fix problems and risks in order to increase growth. Help them understand how you can help them through helping their reputation, portfolio (through helping your business) and future opportunities (through helping you).