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
Building Furniture and Creating a Home in the Wild | Home in the Wild
JIM: (whistles) North! Yeah! HUDSON: Yeah! JIM: We’re goin’ in the canoe! TORI: Come on, in the boat, please. Good boy! Okay, hon, ready? JIM: We’re heading back to camp with the wood we foraged. HUDSON: Yeah! JIM (off screen): All right, perfect…
Miyamoto Musashi - How to Build Self-Discipline
Miyamoto Musashi was a samurai who went undefeated in 61 duels, so it’s safe to say that he knew something about building self-discipline. And a week before he passed away, he wrote a short work called Dokkodo, which roughly translates to “The Way of Wal…
7 Habits That Make You Weak | Transform Your Life with Stoicism | STOICISM INSIGHTS
Life is a journey with many ups and downs, difficulties and victories. The struggle between our inner strengths and weaknesses never ends. Although everyone wants to lead a resilient and purposeful life, there are certain habits that frequently prevent us…
Principles for Dealing with the Changing World Order (5-minute Version) by Ray Dalio
I studied the 10 most powerful Empires over the last 500 years and the last three Reserve currencies. It took me through the rise and decline of the Dutch Empire and the Guilder, the British Empire and the Pound, the rise and early decline in the United S…
Reasoning with linear equations | Solving equations & inequalities | Algebra I | Khan Academy
In this video, we’re going to try to solve the equation (3 \cdot x + 1 - x = 9). And like always, I encourage you to pause this video and try to work through this on your own. But the emphasis of this video is to not just get to the right answer, but to r…
The Child Mind Institute on supporting children during Covid-19 | Homeroom with Sal
Hi everyone, welcome to the daily homeroom! Uh, for those of you all who aren’t familiar with what this is or might just be showing up off of Facebook or YouTube, uh, this is Khan Academy’s way of making sure that we all stay connected during school clos…