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
From 2005: Four young internet entrepreneurs
One way to increase your net worth is to use the internet for all it’s worth. Everywhere you look, computer savvy people are doing just that, many of them astonishingly young. Our cover story is reported now by David Pogue of the New York Times. Remember…
STOICISM | The Art Of Tranquility (Seneca's Wisdom)
Seneca The Younger was a philosopher who held an important position in the Roman Empire, and is one of the major contributors to the ancient philosophy of Stoicism. Seneca once exchanged letters with his friend Serenus, on how to free the mind from anxiet…
Electron configurations of ions | Atomic structure and properties | AP Chemistry | Khan Academy
In many videos, we have already talked about electron configuration, and now in this video, we’re going to extend that understanding by thinking about the electron configuration of ions. So these are going to be charged atoms. So let’s just start looking…
Be Wary of Solving a Small, Rare Problem - Des Traynor of Intercom
How did you meet your co-founder and decide to get going? Sure. So I was originally a computer science student, and I started a PhD. You know, my PhD was an attempt to see if we could automatically measure how good a programmer is, basically. So I put so…
Warren Buffett: How to Turn $10,000 Into $51 Million
We have operated in this country with the greatest tailwind at our back that you can imagine. It’s an investor’s—it means you can’t really fail at it unless you buy the wrong stock or just get excited at the wrong time. But if you owned a cross-section of…
Rounding to the nearest 100
At this point, you are likely already familiar with the idea of rounding. Probably, you have had some practice rounding to the nearest 10. Now, we’re going to do another type of rounding. We are now going to round to the nearest 100. So, let’s just start …