Funding Rejection
Based on statistics gleaned from Venture Economics, ACA , PriceWaterhouseCoopers entrepreneurs try to start some 5 million businesses in the U.S. every year. Of that total, 400,000 are looking for capital beyond what they can charge to their credit cards.
Most of them approach Friends, Family and Angels. From those approaching VCs less than 2% receive funding.
Having said that, investment decisions are inherently subjective and in no way reflects any negative sentiment toward the business idea.
Scott Cook (Intuit) has been rejected 39 times before it was funded.
Cisco was rejected by 76 VCs before they got funding.
And here is a list of companies Bessemer Venture didn’t invest in:
http://www.bvp.com/port/anti.asp