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To give you a practical example, I’d like to analyze the reasons why my startup was rejected from participating in Start-Up Chile ’s Generation 17. Our business model back then was very complex, and it included a B2C as well as a B2B business model, that wasn’t being implemented yet. Real-life rejection reason examples.
According to Pew, while cell phones are nearly ubiquitous around the world (95% China, 91% Chile, 82% Kenya), penetration of smartphones are still getting there (37% China, 39% Chile, 19% Kenya). It does not matter if you are a B2B or B2C or A2K, you will always see this. Transactions, Revenue and Ecommerce Conversion Rate.
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