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
we need to talk...
I found myself yesterday crying in a shower for literally no reason. Probably like there is some sort of stress that I didn’t realize for a very long time. And it’s currently like, ah, you know, hi guys, it’s me, Dodie. Good morning! Or I should probably …
Kevin O'Leary Jamming with Rock and Roll Legend Randy Bachman
Randy Bachman is a legend in the world of rock and roll. He’s earned over 120 gold and platinum albums and singles and sold over 40 million records over his long career as both a performer and producer. CBC Music has declared November as guitar month. In …
Erin McCoy and Kevin O'Leary Muskoka boat ride discussing philanthropy
I’m here with my great friend Kevin O’Leary, and we are in the beautiful Muskoka on Lake Joseph. We’re going for a little boat cruise now. Kevin, you and I have a lot in common, and one thing in particular is about educating people on money, especially wo…
LEVELS of INCOME (Explained)
People like to look at income from a narrow perspective: lower class, less than you make; middle class, however much your current salary is; upper class, substantially more than you make. But having started at the bottom and crawling our way toward the to…
THE DOWNFALL OF CREDIT CARDS | HOW TO PREPARE
What’s up you guys? It’s Graham here. So as I’m sure many of you know by now, I am a huge proponent and believer in credit cards. I think they’re a great way to leverage your money, get purchase protection, get cash back, collect points, travel for free, …
3 Sources of Water on the Moon
Is there water on the Moon? The obvious answer seems to be no. Because during a day on the Moon, which lasts 2 Earth weeks, the temperature on the lunar surface gets up to 123 degrees Celsius, which would be enough to boil away any water if the Moon had a…