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
MY FIRST JOB l #shorts
I was in high school, and I took a job in an ice cream parlor. I did it because the girl I was really interested in, in my grade 11 class, was working at the shoe store across from this ice cream parlor. I got hired as an ice cream scooper, so I’d sample …
Warren Buffett: How to Make Your First $100,000 (5 Steps)
If you want to make your first or next one hundred thousand dollars, you need to follow these five simple lessons from Warren Buffett. The majority of content out there about Warren Buffett gets it completely wrong. That content focuses on how Warren Buff…
Illusions of Time
Hey, Vsauce. Michael here. When something becomes part of the past, can it ever truly be experienced again? Obviously, my beard will grow back, but it won’t be the same beard, and it won’t be on the same person. It will be on a slightly older, different M…
Could Sea Breezes Increase Shark Attacks? | When Sharks Attack
The breeze, it seems like an innocuous detail, but according to meteorologist Joe Merchant, it’s a vital piece of evidence when analyzing shark attacks. “I’ve been a meteorologist for eight years for the National Weather Service, and I recently started s…
Marginal and conditional distributions | Analyzing categorical data | AP Statistics | Khan Academy
Let’s say that we are trying to understand a relationship in a classroom of 200 students between the amount of time studied and the percent correct. So, what we could do is we could set up some buckets of time studied and some buckets of percent correct. …
Warren Buffett’s Most Iconic Interview Ever (Long Lost Footage)
Being a sound investor really just requires a certain control of your temperament and the ability to know what you know and know what you don’t know, and occasionally [Music] act. The greatest investor of our time, but you’ll find him in Omaha, Nebraska. …