yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Investors don’t validate your startup — users do.


less than 1m read
·Nov 3, 2024

You don't need every investor to like what you're building. You just need a few of them to believe. The reality is that no matter how great your product is, how much traction you have, investors are going to reject you, and that's okay. In fact, it puts you in great company.

Here's a great example: Envision. Envision is a medical device startup for cancer detection, and it was started by Sir Bisarna, who's a YC group partner. Today, when Serbia started building Envision, she was rejected more than 50 times by investors to just get the first money for the company.

The way that she was able to convince someone to write that first check and to help her get this company started was she told them she was going to bet on herself and take no salary for the first two years if the investor was really into betting on them. That was for a $25,000 check.

Her first round of funding for the company was only $500,000, but she got it done even though she got rejected over and over again. Since then, the company was acquired for $275 million.

More Articles

View All
Confidence intervals for the difference between two proportions | AP Statistics | Khan Academy
Let’s review calculating confidence intervals for proportions. So, let’s say I have a population and I care about some proportion. Let’s say I care about the proportion of folks that are left-handed. I don’t know what that is, and so I take a sample of s…
Safe and Sorry – Terrorism & Mass Surveillance
Terrorism is very scary, especially when it happens close to home and not in some faraway place. Nobody likes to be afraid, and we were eager to make the fear go away. So we demanded more security. In the last decade, it’s become increasingly normal for c…
Warren Buffett's Most Iconic Lecture EVER (MUST WATCH)
You would be better off if when you got out of school here, you got a punch card with 20 punches on it. Every big financial decision you made, you used up a punch. You’d get very rich because you’d think through very hard each one. If you went to a cockta…
Cathode Rays Lead to Thomson's Model of the Atom
So today, I’m at the University of Sydney with Doctor Phil Dooley, and we’re talking about how our idea of the atom changed from a tiny little hard sphere to something more complicated. And this apparatus has something to do with that. Phil: Exactly, exa…
I'm Quitting. My Last Video.
You know, I originally had something planned out for this video, but then I realized it. I may as well just speak from the heart. So, I think I owe it to everybody to explain what’s going on and why I’m going to be leaving YouTube. It sucks because, you …
Business cycles and the production possibilities curve | APⓇ Macroeconomics | Khan Academy
What we have here are two different visualizations of a country’s output at different points in time. You might recognize that here on the left, we have a production possibilities curve for this country. It’s a very simple country that either produces for…