Both matches were outstanding, honestly.
I think what Jay beat you out in was the psychology of the match. I felt he integrated the story into the match a bit better, especially with the arm work. From both of you I definitely felt the "big match" vibe, but Jay was able to do so without coming off as over-the-top (except with a few of the near falls). Also, a problem I had with yours was (and this might just be my style) the lack of polish and grammar usage. It might just be because I'm anal and a soon-to-be English minor, but Jay's read a lot easier.
But I agree, as a marker of a lot of your previous matches (namely earlier ones), you've definitely come a long way and continue to impress me more and more. Keep it up!