"Didn't get that round of financing? Don't tell me the VC's are idiots or didn't "get it." You didn't pitch it right. Or you went to them too early. Or too late

"Didn't get that round of financing? Don't tell me the VC's are idiots or didn't "get it." You didn't pitch it right. Or you went to them too early. Or too late. VC's fund companies every day - they didn't fund your company. That's your fault." - I disagree with this entirely. It's possible to pitch perfectly and not get funded. How often do VCs get it wrong? 8/10 times according to the conventional wisdom. Remember Google tried to licence their software to Yahoo for a million dollars in the early days. VCs are motivated more by missed opportunity (to other investors) than potential gain.