No Deal: First experience from the investing side :(

I had to turn down funding for a promising startup that I really liked and believed in this afternoon for reasons wholly unrelated to the venture or any decision I had made.

It really, really sucked.

To not even get a chance because A didn't get to B in X time... that's just lame. Lame isn't respectable, interesting, or memorable. It's not even failure.

Failure is privilege. I hope everyone out there keeps working hard and keeps hopeful even though A and B couldn't quite get to X this time.