Inbound VC Calls to Entrepreneurs

On a weekly basis I receive 2-3 inbound calls and emails from VC firms asking to set up a meeting. The cold calls are typically from an Ivy League educated associate who’s taking his or her time until business school or fresh out of business school, and has never been a full-time entrepreneur. As an entrepreneur, the challenge is always time allocation as there are many more things to do than hours in the day.
Here are a few tips for handling inbound VC calls:

• If you are interested in talking with the firm insist on a partner on the first call to make it worth your time as associates are nice but often don’t have the required domain expertise for a quality call (I experienced this first hand when I got on a call with an associate who promptly asked what SaaS stood for).
• Regardless if you’re not raising money, VCs have a wealth of information and can share relevant best practices and introductions (the best ones are always trying to provide value well in advance of investing).
• Consider setting aside one afternoon a month to take these calls so that you can use the time more efficiently and build off the information gathered in each call.

Inbound calls from VCs are flattering, especially if you’ve tried to reach out to VCs in the past and didn’t get your call returned. Take these calls with a grain of salt and use your time wisely knowing that the associates making the calls have much more time on their hands than you do on yours.
What else? What other tips do you have for handling inbound VC calls?