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
Warren Buffett: How the Average Person Can Become a Millionaire
So let’s not kid ourselves. The reason why we spend so much time learning about investing is to make money. Whether you’re saving up for a house or building wealth for retirement, we all have our own financial goals. In this video, Warren Buffett is going…
Are We In An AI Hype Cycle?
Hey everyone! I have some pretty crazy news to share with you today. YC is doing the first ever fall batch! Applications are due August 27th, and we fund you for $500,000! All you have to do is apply on ycombinator.com. Now, let’s get on with the episode.…
Khan Academy Ed Talks with Kara Bobroff - Tuesday, November 9
Hello and welcome to Ed Talks with Khan Academy. I am excited today to talk with Kara Bobroff, who is the founder of the Native American Community Academy and NACA Inspired Schools. We’re going to talk about culture in education broadly and the education …
15 Signs Of A Cheap Life
A cheap life doesn’t mean a lack of money; it means a lack of understanding of what to do with whatever amount you have. It isn’t about being stingy; it’s about being frugal with the things that truly matter. In today’s video, we’re taking a look at 15 si…
Dangling modifiers | Syntax | Khan Academy
Hello Garans, hello Rosie, hi Paige. So in this video, we’re going to talk about something called a dangling modifier. So before we get into what a dangling modifier is, we can sort of talk about just what a modifier is. Rosie, do you want to tell us wha…
Conserve | Vocabulary | Khan Academy
Keep it together, wordsmiths! That’s right, the word in this video is conserve. Conserve is a verb, and it means to keep something safe, to protect a natural resource. You might also see it in its noun form, conservation, as in animal conservation. Let’s…