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
Government supervision and regulation of banking institutions | Financial Literacy | Khan Academy
So whenever you’re dealing with banking, there’s a whole series of government agencies and quasi pseudo-government organizations. I’ll talk a little bit about why it’s quasi-government. That influence what’s happening with banks, and it’s useful to know w…
Why Four Cowboys Rode Wild Horses 3,000 Miles Across America (Part 2) | Nat Geo Live
April first, we began our journey that is at the border of Arizona and Mexico, and I promise you we did not plant that flag there. We just rolled up in real life; it’s kind of photogenic. We’ll take a picture next flag. So we started our journey, and we …
Taking and visualizing powers of a complex number | Precalculus | Khan Academy
We’re told to consider the complex number ( z ) is equal to negative one plus ( i ) times the square root of three. Find ( z ) to the fourth in polar and rectangular form. So pause this video and see if you can figure that out. All right, now let’s work …
Episode 2 Recap | MARS [Spoilers]
Previously on Mars. I will miss my sister; she’s my heart and soul. For something like this to work, it has to be personal. We had traveled further than anyone ever had to get to Mars. But before we even entered Mars’ atmosphere, it was like she was tryin…
Food and energy in organisms | Middle school biology | Khan Academy
Hey, quick question for you. You ever look at a person’s baby pictures and wonder how people go from being small to, well, big? I mean, yes, I get it; people grow up, but here I’m thinking more on the level of the atoms and molecules that make up the body…
The brain's hidden superpower
Let me know if you’ve ever been in this situation: you’re sitting down writing something, and you’ve been struggling for hours trying to find the right words. It’s super painful and frustrating, and no good ideas are coming to your head. But all of a sudd…