The stats FlightCaster collects is like the stats on road accidents: if you go by route A on Ford you have a 90% probability to broke the car (and be late), so you better switch the route or the car.
The difference in pitching a VC vs. an angel is in presenting your far goals. I guess no VC will like your promise to quickly become a profitable company with few employees only and making hundreds of thousands per year, and not going to grow beyond that. Angels might like that more than having to wait several years to get a smaller slice from a bigger pie.
"The monetization model needs to at least result in a $100M revenue business growing at 20%-30% with strong EBITDA margins." - that was the stock answer to VC question
Its interesting to see who they choose in the end. 20 companies is a pretty high number to get them all right.
Anyway, keep going and maybe when the summer ends you will have better chances of further funding than any of the TS (or YC or ...)companies!
Your team and the execution looks very good to me. But that is also the case with the rest of the applicants, I guess. Despite all that talk about ideas beign secondary to the application, at this point all you can really show is a cool idea and your desire to dominate the world.
Seems like you fail on these two tests completely.
The right way to do it is to set your price high enough and to introduce a discount. Playing the discount % up/down you can finally arrive at the best price.
-- ASP.NET and ASP.NET MVC are actually completely different (even though they share the same name) --
They use dirrent rending engines, but the business logic is more important and is usually > 50% of the codebase, so it can still be reused in MVC Asp.Net.
I guess the next logical step for 'other funds' is to lower the percent of equity they take and to increase the money they invest. That can make startups think twice before turning over to YC.