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 can we protect the polar regions and fight climate change? We went to Paris to find out
Well, I have made it to the city of love, and here is a crazy story for you. I’ve just been on a surfing trip; that’s why I’m dressed for the beach, not for Paris. A National Geographic called me and they said, “You need to cut your surfing trip short and…
Knowledge Makes the Existence of Resources Infinite
Knowledge is the thing that makes the existence of resources infinite. The creation of knowledge is unbounded. We’re just going to keep on creating more knowledge and thereby learning about more and different resources. There’s this wonderful parable of …
I Vacuum Venom from the World's Deadliest Spider
[Derek] For some people, this room might be the scariest place on earth. Behind these black curtains are deadly spiders, (tense ominous music) hundreds of them. And what we’re gonna do is poke them, make them angry, and then suction the venom that appears…
7 STOIC PRINCIPLES FOR INNER PEACE | STOICISM
Fellow Stoics, do you feel you can find inner calm even with all the noise today? Imagine handling life’s ups and downs as calmly as a tranquil lake, no matter how turbulent it becomes. Sounds too wonderful to be true? Not exactly! In this video, we will…
Khan Academy for your youngest learners
Al Khan here from Khan Academy. Now, some of y’all, or hopefully many of y’all, are familiar with Khan Academy. We are a not-for-profit with the mission of providing a free, world-class education for anyone, anywhere. But one area that people are probabl…
Modern Lives, Ancient Caves | Podcast | Overheard at National Geographic
[Music] They had wanted to move out of the caves into more permanent English-built structures. The caves were only a temporary place where the first settlers arrived in. It’s the year 1681. Followers of William Penn have arrived in the New World from Engl…