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
Everything We Dont Know About the Mind
Consciousness, it’s our awareness, our understanding, our ignorance, our daily Consciousness. Consciousness leaves out more than it takes in, and due to this, it leaves out important things; things that would help relieve us if we knew them. If we had a …
This just cost me $100,000 ...
What’s up you guys? It’s Graham here. So, it’s been about two weeks since I posted an update on the status of the home renovation, and yeah, geez! This is the episode that I’m sure everyone has been waiting for. Remember how I mentioned in the first vide…
What is a pronoun? | The parts of speech | Grammar | Khan Academy
Hello grammarians! We’re going to start talking about pronouns today, and of course that begins with the question: What are pronouns? Allow me to answer that question by way of a demonstration. Emma laughed so hard, milk came out of Emma’s nose. Zach lif…
How Caleb Hammer Met His Girlfriend
How did you meet your girlfriend? Fish shop. Fish shop? Yeah, she was shopping for some shrimp. I was there looking for some puffer fish. She was very attractive, and I went up to her. I was like, “I like your glasses. Can I have your number?” You wen…
Khan Academy Ed Talks with Olav Schewe - Tuesday, June 1
Hello! Welcome to Ed Talks with Khan Academy. We are excited to have you here as we talk to people who are influential in the education space. Today, we’re talking to Olive Chewie, who has a book coming out that we’re looking forward to talking to about l…
How To Apply Stoic Wisdom For Your Everyday Life
Most people don’t care to admit it, but believe us when we say life is difficult. Not acknowledging this fact will make you ignorant and in time inevitably miserable. Philosophers realized this a long time ago. In fact, philosophy was born in order to ans…