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 to Stop Worrying and Stressing about School
Hey, it’s Joey and welcome to Better Ideas! So, final exam season isn’t quite here yet, but it’s just around the corner. Students everywhere are just weeks away from entering crunch time, where all hell breaks loose, all-nighters are pulled, etc., etc. …
How to HACK Flash Games -- And More! *DONG*
Dang it. This is too real. I want something I could do online now, guys. DONG. Let’s start things off with a Tetris Overload. ‘Muse13NJ’ showed me this first person Tetris. When you turn a piece, so does your perspective. It’s fun, but ‘Dixavd’ would rath…
Warren Buffett: How to Invest in the Stock Market in 2021
There were at least 2,000 companies that entered the auto business because it clearly had this incredible future. And of course, you remember that in 2009, there were three left, two of which went bankrupt. So there is a lot more to picking stocks than fi…
Embrace World Mental Health Day with Sal Khan
Sal Con here from Khan Academy, and we are inside, uh, my office/sl closet. This is where I record videos, take meetings, etc. Uh, many of y’all know I’m a big fan of meditation. It helps me clear my mind; it helps me think more clearly, be less stressed,…
Invertible matrices and transformations | Matrices | Precalculus | Khan Academy
We have two two by two matrices here. In other videos, we talk about how a two by two matrix can represent a transformation of the coordinate plane, of the two-dimensional plane, where this, of course, is the x-axis, and this, of course, is the y-axis. W…
The Debt Limit Explained
The debt limit is kind of a financial weapon of mass destruction chained to the United States government by the United States government. Confused? Then it’s time for The United States debt limit Explained. To understand the debt limit, you need to know …