Team New Zealand has struggled on the opening day of the America's Cup World Series Venice regatta.
Dean Barker and crew have finished sixth and third in the two fleet races before losing to Artemis in the quarter finals.
Barker said the team did not get into stride at all.
"We were over at the start in the first fleet race (as were four other boats) and slipped to the back of the fleet; we did better in the second race but we were still far from satisfied with the result.
"Being eliminated from the match racing so early in the week was not what we had in mind ...... but we didn't sail well enough and did not deserve to win. We will have a very thorough debrief."
Tactician Ray Davies said there were positives, even on a day when they never gave themselves a chance.
"The first team to make a couple of errors at this level cannot expect to win. Today it was our turn. However Oracle 4(James Spithill) finished behind us in both fleet races and that's always good."
Davies said: Luna Rossa is a slick act. Their focus on sailing the 45s is certainly paying off."
Energy Team 3rd, 1st - 18points
Luna Rossa Swordfish 4,2 - 16 points
Team Korea 1, 6 - 15 points
Emirates Team New Zealand 6, 3 - 13 points
Artemis Racing 2, 7 - 13 points
Luna Ross Piranha 5, 5 -12 points
Oracle 4 8,4 - 10
Oracle 5 7,8 - 7points
China Team 9, 9 -4 points
Match racing - quarterfinals
Oracle 4 b Luna Rossa Swordfish, 2-0
Luna Ross Piranha b Team Korea, 2-0
Artemis Racing b Emirates Team New Zealand, 2-0
Energy Team b Oracle 5, 2-0