[smackeyacky]

I feel much in the same boat. I think all the noise that VCs make about demonstrating revenue and traction and all the other rubbish they talk about on their blogs about why they invest in particular companies is more about having convenient excuses for not engaging. It's a list they use for letting you down easy rather than things they are actually interested in investing in i.e. in Australia it's their mates, who they went to school with, what social circle you happen to circulate in. Nothing to do with making a sound business or doing something truly innovative. They'll fund 100 dog shit fintech businesses "revolutionising real estate / supply chain / insurance / banking" by "putting it on the blockchain / reducing friction in finding a provider" etc. None of them are worth a damn yet they hoover up money like a Sydney socialite hoovers up coke. I have given up trying to raise money here.