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
How Cape Town's Residents Are Surviving the Water Crisis—For Now | National Geographic
Cape Town is facing an unprecedented ecological crisis, never before in the history of the modern world, as a whole city of this kind is threatened to run out of water for its citizens completely. Cape Town residents have been told not to use more than 50…
Watch a Masterpiece Emerge from a Solid Block of Stone | Short Film Showcase
I always find that you have to be a bit mad to become a stone carver. I mean, this isn’t the Renaissance anymore. Stone isn’t a primary building material anymore. Why, why would you go into an industry? Why would you go into a profession that is expensive…
MONACO'S BILLIONAIRES SECRETS EXPOSED!
Narrator: A tiny country smaller than Central Park that holds more billionaires per square mile than anywhere else on Earth, but today we’re not just talking about any billionaires; we’re going deeper into a world so exclusive that even money alone can’t …
Traveling to the Rainforest with Gisele | Years of Living Dangerously
We’re in Alta Floresta, State of Mato Grosso in Brazil, on a boat going up the river with Giselle. Giselle has been in the Amazon before, but it’s new to her to be a correspondent, to be a reporter, and not just to be the subject of the story but to be an…
Earth's changing climate | Earth and society | Middle school Earth and space science | Khan Academy
Have you ever tried to imagine what the world was like in the distant past? Maybe you’d like to explore the age of the dinosaurs, when the Earth was much hotter than it was today. Perhaps you’d prefer when temperatures dropped to much colder than today. Y…
The Moment That Broke His Memory | The Long Road Home 360
[Music] I don’t think I’ve been just Carl since that day. PTSD to me is not a disorder; that is a reasonable reaction to something traumatic that you have been through. [Music] Looking back, we were also green; we had no idea what we were doing. SolarC…