Rejected here too. I'm not surprised; it was a long shot to begin with, and I don't think my goals as a founder and their goals as investors really lined up. It probably didn't help that I'm a sole founder, either.
Time for Plan B. Powerball tickets. Er, I mean, the slowly growing micro-ISV approach.
$10-$15K is the difference between being able to quit my day job and get the company going in 3 months and having to keep my day job and get the company going in 9 months to a year.
And if I need to keep the day job, slow sustainable growth -- meaning I can project income, and project reasonably accurately when I can quit my day job -- is much better than a spike that I need to deal with in crisis mode.
Time for Plan B. Powerball tickets. Er, I mean, the slowly growing micro-ISV approach.