Its very hard to explain to an entrepreneur why another company got funded and they did not.
Or why they might not, even though they have “many boxes checked”.
It might seem fairly random. Correction – it probably fairly random.
Raise your hand if you have read a techcrunch post that mentions a startup that raised an obscene amount of money and after reading the post 3 times you are still not sure why they got that much money?
Raise your other hand if you have read about a startup in the
US Silicon Valley that is working on “pretty much” the “same idea” as your company is and you are schlepping code for 18 months and they have 45K daily users in less than 6 months (and funding to boot).
Now clap both your hands above your head. <Whatever>.