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
Reasons To Stop Worrying (Break The Habit of Excessive Thinking)
The ability to plan for the future is a cornerstone of our civilization. The human race would never have flourished if we didn’t organize, arrange, design, prepare, and delay gratification for greater causes. Take, for example, this structure: the Kölner…
Analyzing an author's purpose | Reading | Khan Academy
Hello readers. Today we are going on a dangerous journey inside the mind of the author. Every piece of text is written for a purpose, and especially in informational texts, every author structures their texts, words, and their ideas with that purpose in m…
Watch Famous Ponies Swim in Chincoteague Island Tradition | National Geographic
[Music] There’s nothing else that I found that makes me as excited as I am to do this. You can’t ride roller coasters that give you this feeling. You can’t go other places and see anything like this. This is unique to here. We start on a Saturday. We wil…
How to Cure Aging – During Your Lifetime?
Health is the most valuable thing we have in life, but we tend to forget that until we lose it. We’re living longer than ever before, which is great, but an unforeseen consequence of this is that we also spend a larger and larger portion of our lives bein…
These Two Young Bushmen Hope for a New Life in the Modern World | Short Film Showcase
[Music] Love h h h h my oh my. [Music] Fo I [Music] [Music] note foree. [Music] Spee [Music] when I go through new, I see a lot of hopeless faces. People who are here, we are undergoing a lot of change, and we are losing our way of life. Foree [Music] if …
Constructing linear equation from context
Tara was hiking up a mountain. She started her hike at an elevation of 1200 meters and ascended at a constant rate. After four hours, she reached an elevation of 1700 meters. Let y represent Tara’s elevation in meters after x hours. And they ask us, this…