Quick thoughts. An “average” VC will receive thousands of files every year and invest in only a few. First path thru a file will aim to find a reason to say “no” [that is something very few founders understand]. So when you read your pitch, try to identify the reasons that can yield a “no”. Second, in some instance the process is difficult almost by design: “if you want our investment, we are going to make you work for it”. Third, in spite of “process”, due dill, market, etc, investment decisions boil down to a “gut call”..you cannot standardize that. Good read!