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
Introduction to integral calculus | Accumulation and Riemann sums | AP Calculus AB | Khan Academy
So I have a curve here that represents ( y ) is equal to ( f(x) ), and there’s a classic problem that mathematicians have long thought about: how do we find the area under this curve, maybe under the curve and above the x-axis, and let’s say between two b…
Guardians of the Okavango | National Geographic
I’m a guardian of the guardians. I feel a duty to protect these guardians from what is the outside world, encroaching. I work within the National Geographic Okavango Wilderness Project as the community liaison with the people living in these Angolan highl…
Graphing exponential growth & decay | Mathematics I | High School Math | Khan Academy
This is from the graph basic exponential functions on KH Academy, and they ask us to graph the following exponential function. They give us the function ( H(x) = 27 \cdot \left(\frac{1}{3}\right)^x ). So our initial value is 27, and ( \frac{1}{3} ) is our…
Animation: How Three Men You Probably Never Heard of Helped End WWII | Short Film Showcase
[Music] Dawn, 30th of October 1942. A periscope and the outline of a submarine are spotted by a Royal Air Force patrol aircraft in the Eastern [Music] Mediterranean. This sighting will be a vital turning point at Bletchley Park. For 10 devastating months,…
Analyzing an author's purpose | Reading | Khan Academy
Hello readers. Today we are going on a dangerous journey inside the mind of the author. Every piece of text is written for a purpose, and especially in informational texts, every author structures their texts, words, and their ideas with that purpose in m…
Vertical asymptote of natural log | Limits | Differential Calculus | Khan Academy
Right over here, we’ve defined y as a function of x, where y is equal to the natural log of x - 3. What I encourage you to do right now is to pause this video and think about for what x values this function is actually defined. Or another way of thinking …