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
Dangerous Mission | No Man Left Behind
It was an enormous honor to be chosen as a stealth fighter pilot. It was considered a special duty, black world. I felt extremely comfortable in that environment; absolutely loved it. I felt like this is where I belong. There were eight of us that night,…
AIDS 101 | National Geographic
(Dramatic music) - [Narrator] About 37 million people around the world are currently living with AIDS, making the disease one of the worst pandemics in modern history. AIDS, or Acquired Immunodeficiency Syndrome, is a disease in which the human immune sys…
Earth 101 | National Geographic
[Narrator] Earth, the only planet known to maintain life. A product of scientific phenomena and sheer chance. This blue speck in space holds the past, present, and future of our very existence. (instrumental music) Approximately 4.5 billion years ago, the…
Multiplying decimals using estimation
So let’s see if we can come up ways to compute what 2.8 times four point seven three is. So pause this video and try to work it out. Actually, I’ll give you a hint: try to figure out just using the digits, not even paying attention to the decimals, the di…
The Man Behind the Bucket: Making Self-Portraits From Trash | Short Film Showcase
I don’t go somewhere to search because if you search things you don’t find them. So I go mostly and then I get surprised by what I find there. I have things in my mind, but I never would say I need this certain kind of chair or that kind of chair or somet…
Simple model to understand r and g relationship
What I want to do in this video is to create a simple spreadsheet to help us understand why, if R is greater than G, why that might lead to more and more of national income going to the owners of capital as opposed to labor. So, let’s just say R is 3%. W…