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
10 TRAITS OF PEOPLE WHO SPEAK LESS | STOICISM INSIGHTS
“In the midst of chaos, there is also opportunity.” A profound statement by the ancient strategist Sun Tzu, yet it resonates deeply with the stoic philosophy we’re about to explore today. Imagine standing unflinchingly as the world whirls around you, find…
LC natural response derivation 1
In this video, we’re going to begin the derivation of the LC natural response, the response of an inductor capacitor circuit. This is a difficult derivation, but it really pays off in the end. There’s a real fun surprise at the end, and that is this is wh…
How Much Does The Internet Weigh?
Hey, Vsauce. Michael here. And this strawberry weighs about 50 grams, which according to Russell Seitz also happens to be the weight of the entire Internet. What does that mean? I mean, the Internet is a gigantic place and how do you measure information? …
Profit maximization | APⓇ Microeconomics | Khan Academy
We’ve spent several videos talking about the costs of a firm, and in particular, we’ve thought about how marginal cost is driven by quantity and how average total cost is driven by quantity. We think about other average costs as well. Now in this video, …
2004 Berkshire Hathaway Annual Meeting (Full Version)
Thank you. Good morning. Some of you may have noticed a stuntman was used in that. Arnold just couldn’t handle some of those scenes. Before we get started, I’d especially like to thank Andy Hayward, who’s here today, and if we can, no way we can find him …
Bank balance sheet free response question | APⓇ Macroeconomics | Khan Academy
The following is the balance sheet of First Superior Bank. So let’s see, on the asset side, it has 200 of reserves and 1800 of loans. So its total assets are 2,000, and then that should be the same as its liabilities and equity. We see here that it has t…