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
The Stock Market Is About To Drop - Again
What’s up, Graham? It’s guys serious. So, as I’m sure you’re aware, I spend way too much of my time on the internet reading through every little bit of financial news, trying to figure out what’s going on with the economy. Between that and going through t…
Zhou, Qin and Han Dynasties | World History | Khan Academy
[Narrator] What I’m gonna do in this video is give us an overview of the first significant dynasties in Ancient and Imperial China. Now, in a previous video, we talk about the Xia dynasty, which we’re not sure whether it exists because we don’t have a l…
Scaling perimeter and area example 1 | Transformational geometry | Grade 8 (TX) | Khan Academy
We’re told Pentagon A was dilated by a scale factor of three to create Pentagon B. Complete the missing measurements in the table below, so pause this video, have a go at this before we do this together. All right, now let’s work on this together. It’s r…
The Future of Artificial Intelligence | StarTalk
I think for a lot of people, the word robot conjures up a humanoid robot. I think that’s a little bit different. I try to disavow people of that, because human body—why does nothing—why? Right, we can do that stuff. We’re not some model of anything, right…
Woman Struck by Meteorite | Smarter Every Day 84
Hey, it’s me, Destin. Welcome back to Smarter Every Day! So, you probably didn’t know that Alabama has its own Museum of Natural History. We also have the only meteorite to ever strike a human being. You want to check it out? It’s known as the Hodes meteo…
how to ACTUALLY CHANGE your life in 2023 (step by step guide)
We all experienced failure at some point in our lives. Maybe you didn’t get that promotion you were hoping for, or you didn’t accomplish a personal goal you set for yourself. But for some reason, when it gets closer to New Year’s, we tend to be more hopef…