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by deepthought42 2872 days ago
It's hard to say what you might learn from this experience given your explanation. Some things that I would point out, is that there is no such thing as an original idea, however this is such thing as a differentiated idea. If you are building something that someone else already has, then they will win no matter how much money you raise. The other bit I would suggest is that investors like to believe that their investment will provide at least a 10x return. Unfortunately, it's really hard to tell which ideas will go huge and which won't, so they tend to work from a baseline set of metrics such as monthly recurring revenue, users, sales pipeline, go to market strategy, and also verifying that your goals are all reasonable. I'm not sure how much of this applies to you, but I would say that if you really believe that you have something special then keep going. Less than 1% of companies in the US get VC funded, I imagine that the number is even smaller in your area. Don't get discouraged.