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
Don’t Buy A Home In 2023 (Sellers Panicking)
Americans are leaving California and New York in droves. People are getting fed up and moving to Arizona, Nevada, Texas, or Florida. The main reason why is money. What’s up, Graham? It’s guys here. So for the first time ever, the housing market is being c…
AI for Digital SAT prep
All right, everybody! Well, we are going to take time to now introduce, uh, myself as the host and then I’ll let my amazing panelists go ahead and introduce themselves. So nice to meet you! My name is Danielle Sullivan. I am Senior Manager of District Par…
The Future For Cryptocurrencies After Bitcoin Mining Ban
[Music] I want to switch a little bit and talk a little bit about the sort of systematic approach, and you know you being a big part of Shark Tank, and going through a large amount of different pitches and different businesses, looking at the numbers. Is …
How Trees Secretly Talk to Each Other in the Forest | Decoder
Ouch! What do you think you’re doing? The idea of talking trees has been capturing the human imagination for generations. Did you say something? My bark is worse than my bite. Okay, so maybe they don’t talk to us, but it turns out, trees can “talk” to ea…
IKIGAI | A Japanese Philosophy for Finding Purpose
Have you ever asked yourself this question: what is my purpose? With so many opportunities that life has to offer, and all these different jobs and careers, it’s quite difficult to decide what we want to do with our lives. Society demands us to make decis…
15 RULES of BEING ALONE
All of humanity’s problems stem from man’s inability to sit quietly in a room alone. Depending on where you fall on the social spectrum, the thought of being surrounded by a lot of people is either a thrilling or a terrifying picture. But despite all of t…