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
Making Artificial Limbs More Comfortable | Nat Geo Live
Sengeh: Hundred percent of people living with amputations experience prosthetic socket discomfort. It’s both a technology problem and it’s a science problem because we don’t really know how to connect the body to machines. (applause) There are ten million…
Current due to closing a switch: worked example | DC Circuits | AP Physics 1 | Khan Academy
We are asked how does the current through R1 behave when the switch is open compared to the current through R1 when the switch is closed. Pause this video and see if you can figure that out. All right, so let’s just think about the two scenarios. We coul…
Inflation Just Hit a 13-Year High and Investors Are Worried
So in the past week, the Federal Reserve has had their little meeting and decided to keep interest rates exactly where they are until their next meeting. So for those that don’t know, the Fed meets eight times per year to discuss monetary policy. With in…
Taking a Jet Pack Flight | Explorer
Can we get out in the field and see it in action? Yep, you bet. Beautiful scene! It’s a good day for a flight. Best of luck, buddy! [Music] [Applause] [Music] [Music] This mag can fly. Seeing a man soar in the air is nothing short of majestic, even more…
Determinants of price elasticity of demand | APⓇ Microeconomics | Khan Academy
In other videos, we have already started talking about the price elasticity of demand, and what we’re going to do in this video is think about the factors that might drive the price elasticity of demand in a given market to be more or less elastic. So one…
Rulings on majority and minority rights by the Supreme Court | Khan Academy
We’ve already talked about the 14th Amendment in previous videos, but just as a reminder, Section 1 of the 14th Amendment says, “All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United Stat…