[abbasmehdi]

I think I'd take you more seriously, but then I would also think "these guys have some issue that is not immediately apparent". Unless you have a really good and clear reason why you weren't selected, you'd run the risk of looking proud to be a loser.

Sorry if the above sounds harsh, just trying to give productive advice. What program was this anyway?

[somecola]

For now I am going to keep the name anon. We surely did not have our ducks in a row as we were very young in our partnership and product dev (1.5 months). Now several months later, we feel we are on the right track and should be well prepared for the next time. No sweat about your comments; I appreciate them.