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
Zhou, Qin and Han Dynasties | World History | Khan Academy
[Narrator] What I’m gonna do in this video is give us an overview of the first significant dynasties in Ancient and Imperial China. Now, in a previous video, we talk about the Xia dynasty, which we’re not sure whether it exists because we don’t have a l…
2015 AP Calculus AB 5d | AP Calculus AB solved exams | AP Calculus AB | Khan Academy
Part D given that F of one is equal to three, write an expression for f f of x that involves an integral. Since it involves an integral, we can assume it’s going to involve F prime somehow, especially since they’ve given us so much information about F pri…
Why Jet Boats are AWESOME (U.S. Coast Guard's Workhorse) - Smarter Every Day 272
Hey. What’s up? I’m Destin. Welcome back to Smarter Every Day. We are right in the middle of a Deep Dive series into the US Coast Guard and all the crazy stuff they do because it’s impressive. Like we’ve already looked at how they respond to distress sign…
Homeroom with Sal & Meaghan Pattani - Tuesday, July 7
Hi everyone! Welcome to the Khan Academy homeroom. For those who are wondering what this is, this is just a forum for all of us to stay together, especially since it was started when schools closed. Obviously, summer has arrived, and I announced that scho…
Homeroom with Sal & Mayim Bialik - Friday, February 12
Hi everyone! Sal Khan here from Khan Academy. Welcome to the, uh, the homeroom live stream. Uh, you might notice I’ve upgraded my equipment at Felipe’s request, and so this is like now in HD, so this is a very, very, very exciting day. So, we have a very…
Beatboxing in Slow Motion - Smarter Every Day 109
Hey, it’s me Destin, welcome back to Smarter Every Day. So there are many different types of intelligence in the world right? I mean think about it. If you’re good with mechanics you might be spatially intelligent, or if you’re good with other people you …