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
How to find a mentor - the RIGHT way
What’s up you guys, it’s Graham here. So this is probably one of the most important topics that I’m going to be discussing so far, and it’s about mentoring. I feel like so many people are so caught up right now in trying to find a mentor. They think that …
Photographing the Beauty of Life in the Shadow of War | Nat Geo Live
I was working in New York City as a photo editor sitting at my computer all day looking at stories coming in. And I always dreamed of becoming a foreign correspondent. And I got the courage to quit my job and move to the Czech Republic, where I got a job …
The Most Powerful Computers You've Never Heard Of
In 1901, this ancient Greek artifact was discovered in a shipwreck off the island of Antikythera. 3D x-ray scans have revealed it contains 37 interlocking bronze gears, allowing it to model the motions of the sun and moon, and predict eclipses decades in …
The Housing Market Just Went Negative
[Music] What’s up, real estate? It’s BlackRock here, and in the last few days, I have been overwhelmed with non-stop requests to talk about what appears to be one of the biggest and most controversial real estate stories of the entire year. It’s the claim…
Can Stoics Be Activists? | Q&A #5 | July 2019
Hello everyone! Welcome to the fifth Einzelgänger Q&A. Before the weekend, I reached the 50,000 subscriber mark on this channel. When I started back in January, I’d never had expected that this channel would reach this magic number so quickly or, at a…
Khan for Educators: Where do I go from here?
Congratulations on completing Khan for Educator’s initial course! Your efforts to grow your professional learning inspire all of us at Khan Academy. While this course has come to an end, Khan Academy offers other communication channels and opportunities …