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
Why It Was Almost Impossible to Make the Blue LED
LEDs don’t get their color from their plastic covers. And you can see that because here is a transparent LED that also glows the same red color. The color of the light comes from the electronics themselves. The casing just helps us tell different LEDs apa…
The U.S. Economy Just Hit a Big Turning Point. (Howard Marks' Sea Change Is Here)
People believe in the ability to predict the future, and in general, uh, I agree with uh, John Kenneth Galbraith, who said, “There are two kinds of forecasters: the ones who don’t know and the ones who don’t know they don’t know.” There is Howard Marks, …
The GREAT DECEPTION of modern society
Speaker: [Music] We’re told we’re living in the best time in history, but no one asks why it still feels so empty. Imagine walking into a supermarket. You’re surrounded by hundreds of cereal boxes, chocolate flavored, gluten-free, organic, sugar- loaded, …
Tiger Shark Database | World's Biggest Tiger Shark?
NARRATOR: Next day, back in the Polynesian town of Papetoai, they visit an expert who ID sharks by their fins. So we were hoping to see if you could look through some of your databases. NARRATOR: Shark scientist Nicolas Buray keeps a photo archive of Tah…
The Future of War, and How It Affects YOU (Multi-Domain Operations) - Smarter Every Day 211
Hey, it’s me, Destin. This is hard to explain. So let me just start here. Everyone has a unique world view, and that world view is shaped by different perspectives. Perspectives are shaped by how you choose to spend your time. For the past 15 years, I h…
How Ozempic is Currently Breaking the Stock Market (and Denmark’s Economy)
If you look at Europe’s largest companies, you get some familiar names: Accenture, Hermes, L’Oreal, semiconductor manufacturer ASML, and the luxury goods behemoth that is LVMH. But another name that is very quickly charged its way to the top of the list i…