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.

Finding z-score for a percentile | AP Statistics | Khan Academy

Writing decimals and fractions from number lines

View All

Charlie Munger Explains Why Most Jobs Are A Waste Of Time

Well, if you got 30 people at headquarters and half of those are internal auditors, that is not the normal way of running a big company in America. And I what’s interesting about it is obviously we lose some advantages from big size, but we also lose cert…

Tesla : The Ponzi Factor

When we think about the stock market, we think about money, the finance industry, businesses, and making money from investing in successful businesses. The belief is investing in successful businesses is what leads to investment profits, and there’s a dir…

Charlie Munger's Final Call on Alibaba Stock.

Charlie Munger, despite being 98 years old, is without doubt one of the smartest minds that lives today. From a young man who simply dreamed of financial independence, he’s now worked alongside Warren Buffett to not only become a multi-billionaire but als…

Ratios with tape diagrams (part:whole)

[Instructor] We’re told that Peni wrote a survey with open-ended and multiple-choice questions. The diagram shows the ratio of the question types. So what it shows us is that for every one, two, three, four, five open-ended questions, there are one, two, …

Why I’m Never Going To Afford A Home

What’s up you guys! It’s Graham here. So put yourself in this position: you’ve graduated from college, you have $332,000 in student loan debt, and you are eventually able to land a job at $65,000. But over the next few years, the reality sets in: you’ll …

The Hole Where King Tut’s Heart Used to Be | Overheard at National Geographic

Foreign [Music] When I heard the news of this year’s big show with the National Geographic Museum, which is on the first floor of headquarters, I couldn’t wait to see it. It was going to focus on the world’s most famous Pharaoh, King Tut, in honor of the …

Investors don’t validate your startup — users do.

More Articles