I just ran an analysis with the help of Brendan Baker, an Oxford MBA candidate, that shows that 8.47% of the potential investors I had discussions with ended up funding AppMakr's $1MM convertible note.
Here is a blurred-out list of everyone I spoke to - and by "spoke to" I mean I had either a phone conversation with them, or I met them in person, so you can get a feel for the number of people I talked to.
Just goes to show you the tenacity required to raise a round with a solid group of investors, and why it took 14 weeks to complete the process.
I also have several other blogs about fundraising, including an interview with CRV's George Zachary, AngelList's Naval Ravikant, and Silicon Valley Bank's Shai Goldman. I was also recently on a panel discussing the differences between Angel & Series A investing.