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
Impacts of Urbanization| AP Environmental science| Khan Academy
[Instructor] In this video, we’re going to talk about cities. Today, more than 50% of the world’s population lives in a city, and this percentage grows every year because of something called urbanization. Urbanization is the creation and growth of cities,…
Reading tables 1
The table below shows solar panel installations by state during the last fiscal year. How many total solar panels were installed last year in Wyoming? So, we look at the states. So, this right over here is Wyoming, and this whole table is about solar ins…
The Apple Vision Pro Was Always Doomed to Fail
Imagine you just spent $4,000 on an Apple Vision Pro. You excitedly bring it home and set it down on your coffee table. As you open the premium-feeling Apple packaging, the smell of the fresh plastic and metal fills you with a familiar joy. You strap on …
Underestimating the problem of induction
I’m going to talk about two of the biggest problems I can see with the presupposition lists. Attempts to establish a rational basis for inductive reasoning. Hum’s writing on inductive inference draws our attention to the fact that inductive inferences are…
The Path to $100B by Paul Buchheit
It is now my great pleasure to introduce my longtime colleague at Y Combinator, Paul Buchheit. Paul is known for a lot of things, not the least of which is his wisdom in all things when it comes to startups. But he’s also, of course, the creator of Gmail,…
Embracing Nihilism: What do we do when there's nothing?
God is dead. God remains dead, and we have killed him. How shall we comfort ourselves, the murderers of all murderers? What was holiest and mightiest of all that the world has yet owned has bled to death under our knives. Who will wipe this blood off of u…