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
Profit maximization worked example Free Response Question | Microeconomics | Khan Academy
We’re told corn is used as food and as an input in the production of ethanol and alternative fuel. Assume corn is produced in a perfectly competitive market. Draw correctly labeled side-by-side graphs for the corn market and a representative corn farmer o…
Watch This If You Keep Making Plans but Never Follow Through
I’m a pro procrastinator, and the only time I get motivated is the night before the deadline. When I tell this to people, oftentimes I get recommended to use a planner. Everyone recommends writing things down that I need to do, putting them in an order, b…
Inside the Floating Hospital Helping Flood Victims in Bangladesh | National Geographic
[Music] Bangladesh is actually learning how to adapt to the impacts of climate change faster than any other country in the world because the impacts are happening here, and we’re having to deal with them out of necessity. Emirate Friendship Hospital star…
Justification using second derivative: inflection point | AP Calculus AB | Khan Academy
The twice differentiable function g and its second derivative g prime prime are graphed, and you can see it right over here. I’m actually working off of the article on Khan Academy called Justifying Using Second Derivatives. So we see our function g, and…
Is This Literally The Best Investing Strategy that Exists?
We’re now almost halfway through 2023, and while we’ve seen inflation cool in recent times, there’s no doubt we’re still battling with high interest rates, which ultimately put the brakes on the economy and slow business. While this kind of environment is…
The Big Misconception About Electricity
This video was sponsored by Caséta by Lutron. Imagine you have a giant circuit consisting of a battery, a switch, a light bulb, and two wires, which are each 300,000 kilometers long. That is the distance light travels in one second. So, they would reach o…