write your answer as text please not handwritten

1. You have started a small engineering design company and your product is gaining momentum in the market. You have the opportunity to pitch to an angel investor for some funding that will increase your manufacturing capacity. You enthusiastically promote your product and claim that the business is growing, but the investor shuts you down saying, You havent told me what problem your business or your product solves or will continue to solve. And you dont get the funding.

How did that comment reflect the investors position?

Why was your pitch rejected?

2. You learn from your mistake, decide it wont get you down, find a group of new investors, and improve your pitch. You prepare and practice your presentation. After you meet the investors and make your pitch you feel that it went well but the investors turn you down saying, You didnt show us how and why the market opportunity is big for your product and business.

What is the significance of this mistake?