Y Combinator Startup Podcast Investors Said No, Now What?
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Jan 12, 2023 Discover how rejection can be a turning point for startup founders. The hosts delve into the emotional impact of investor 'no' and stress the importance of self-belief. They highlight the common gaps in understanding between investors and founders, urging the latter to leverage their deep knowledge of their products. Learn strategies to analyze investor feedback, navigate misconceptions, and the significance of demonstrating progress to shift perceptions. Resilience and persistence are key themes throughout the discussion!
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Believe the No
- Believe the "no" from investors, not their explanation.
- Founders are the experts on their product and market, not investors.
Founders are the Experts
- Investors often have limited understanding of a startup's novelty.
- Founders possess deeper expertise than investors who spend only brief periods evaluating them.
YC Changes Minds
- Founders pitched to investors, got rejected, joined YC, and then the same investors wanted to invest.
- Nothing changed about the company; the investors' change of heart highlights their herd mentality.