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
"Why" - The Most Googled Questions of 2020
So, uh, 2020 happened. A year we’re all ready to leave behind; a year we’re all willing to forget and pretend just didn’t happen. Because let’s face it, it wasn’t a pretty one. In case you forgot, the year started out with looming threats of world war thr…
Sketching exponentials
Now I want to show you a really useful manual skill that you can use when you have voltages that look like exponentials. We’re going to talk about this exponential curve here that’s generated as part of the natural response of this RC circuit. We worked …
Warren Buffett's Timeless Investing Wisdom – 1988 Interview
To meet the wizard of Omaha, Warren Buffett, next on Adam Smith’s Money World. He doesn’t generally do interviews, but I called on him recently to get some of the wisdom and apherisms of Warren Buffett on the record. It is characteristic of Warren that he…
Monthly payment versus total cost | Car buying | Financial Literacy | Khan Academy
In this video, we’re going to explore the tradeoff between trying to lower our monthly payment while also trying to lower the total amount of money we pay out to get a loan for a car. In this scenario, although this trade-off is true for many types of loa…
Charlie Munger: The Investment Opportunity of a GENERATION (Last Ever Interview)
Oh boy, do I have a special treat for you guys! Legendary investor Charlie Munger just gave a rare sit-down interview, which is the first new Charlie interview I have seen in years. You’re going to want to stick around to the end of this video because Mun…
Top 3 Tips That Changed My Life Forever
[Music] When I was graduating college, my mother came to the graduation. She said, “I’ve got great news! I’m coming to the graduation, um, but, um, I also have some other news: no more checks.” I said, “What do you mean?” Because she’d been paying for co…