Investors Said No, Now What?
Вставка
- Опубліковано 26 чер 2024
- Step inside the Group Partner Lounge to hear Y Combinator Group Partners Harj Taggar, Michael Seibel and Brad Flora discuss how you should handle rejection from investors and why you should "believe the no, not the why."
Apply to Y Combinator: www.ycombinator.com/apply/
Work at a startup: www.ycombinator.com/jobs
Chapters (Powered by bit.ly/chapterme-yc) -
00:00 - Introduction
00:42 - What to do when an investor says no?
01:44 - What is going through the founders' heads
05:36 - Lie the founder's tell themselves
07:15 - What to do when founders hear the same why a lot?
09:17 - What are the real why's?
13:18 - Advice after demo day
13:54 - Takeaway
#ycombinator #startups #investors #money - Наука та технологія
Did you ever have an investor say no at first, but fund you later? What did you do differently?
Marc andreessen gives a good analogy to explain why this happens. If you can peel away the layers of the onion so that good investors can get a closer & clearer look- they will be more likely to fund you. The layers of the onion are basically the risks that they see in your startup.
All the time. Founders have more progress, and their company has been de-risked, so the odds that I will get a return are increased.
Yes! YC did - biz model had changed + some extra traction / proof points.
I believe a lot of young founders typically have the student-teacher relationship mindset with the investor which is what causes this problem.
😂😂. That's funny. I have never seen anyone push back against the people who cut the checks to include those people at yc .
The words of these YC Partners are just pure wisdom and knowledge in the startup world. I'm very blessed to have this high-value information these days. Thanks Guys!
The timing of this video couldn’t have been any better. I needed this 🙏🏿🙏🏾🙏🏽
#neverquit
Never quit
💪
I once pitched a VC and they rejected me and counter offered me a job to work for one of their startup on their portfolio. I turned them down.
To me, the most satisfying thing is the laugh of Michael Seibel, which certainly destroyes "The Dark Startup ignorance" like the SUNLIGHT! Thank you for laughing on the (sheep-like) investors!
Chapters (Powered by ChapterMe) -
00:00 - Introduction
00:42 - What to do when an investor says no?
01:44 - What is going through the founders' heads
05:36 - Lie the founder's tell themselves
07:15 - What to do when founders hear the same why a lot?
09:17 - What are the real why's?
13:18 - Advice after demo day
13:54 - Takeaway
Michael is so inspirational here, it's addicting.
Wow. I just had my first vc meeting td and this video popped up so conveniently. Thank you YC 🙏
Wonderful, encouraging and very helpful discussions for startups and founders. Thanks alot Harj Taggar, Michael Seibel and Brad Flora
Michael Seibel is passionate & great mentor!
That pattern matching thing is really unfortunate for founders who don’t match the history of male typically white male engineer Ivy League founders not to mention not everyone is extroverted and socially confident 👩🏽💻👩🏽💻
😂😂 very true. though seems like this could be changing
Fortunate/unfortunate, it doesn’t matter. Do not let it get to your head. Investors aren’t gods.
Great to see the team together!
Love Michaels energy in this video
Michael Seibel's facial expressions are just gold! We should train a robot to learn human expressions from his overexpressed movements :D
Thank you for your honest sharing! I found these 3 people talking are always so great! :)
Just stop relying on investors and looking for a handout.
I real entrepreneur figures out a way to make it happen ... period!
We live in a world today where wantrepreneurs feel they have to raise money to be successful.
This is getting old.
Absolutely great information.
Just really thanks for the time doing this.
Thanks for the sharing.
I feel this is half hearted work, I learned this words from you dear, It seems you listen to music in the meeting, you over nodging your head.
Great Insights. Learned a lot.
Thank you so much for the vid. Watching from South Africa 🇿🇦
Interesting Perspectives. Thanks for sharing.
Thanks for the insights. It was very helpful. How do you go about those company that need heavy legal compliance?
I love this episode. I don't have experience getting a no from Investors yet but I know this will help me in the future. Any video about delegation?
Thanks guys
25 years ago I talked to Brad Feld about the web-based defect tracking system I was working on, and he told me there was no need for such a product because Lotus Notes could already do all those things.
Oh, and then a few years after that he poured millions upon millions of dollars into Rally.
@@opensquiggly how did ur system work out?
@@BoomerangatangUbik Oh hey, thanks for asking. The company was called TeamShare, the product was TeamTrack, one of the very first web-based defect tracking systems. This was years before Atlassian ever got started. We didn't raise VC at that time, we raised 2 $500K F&F rounds, and about 3 years after that we raised a few million in VC. In the end we sold the company to Serena Software and the product became known as Serena Business Manager. A few years ago MicroFocus bought Serena. They still sell the product as "Solutions Business Manager".
Today I'm working on OpenSquiggly which is a software documentation and productivity tool for software teams.
I thought it was a good story to share for this video because it goes to show VCs don't always get it right. This is Brad Feld we're talking about, genius among geniuses, smartest-guy-in-the-room, and essentially what he was doing here was invalidating the entire field of domain-specific web application development by claiming that a general purpose tool like Lotus Notes could do it all. Obviously he was wrong.
"So as YC group partners, we find ourselves repeating the same intro over and over again"
sorry, i just find this funny :)
I appreciate the casual dialogue between these guys. Lots of insight here that you just can't find elsewhere. Michael could turn down the pretentious tone a bit.
Thank you for all of this great content!
3:28
that's why warren buffet invest in his circle of competence, right ?
I think some people who do start business they need to learn how to negotiate, you can't possibly get any deal which you receive, my motto learn everything about the person to which you will speak about investment find something important and use it. Some deals are from the begining are doomed , why? Because your idea dont sounds reasonable , learn to have many business propositions like 5 different types of proposition. Finally its your business , nobody care except you that your business go on and on.
Check out what the investor is interested in ? most investors are not investing 1. in the business they don't know. 2 . the people run the business. 3. the idea
Just got an adhoc mentor commented my mpf was suck and not ganna make investor interested.😅
#Awesome
Aeeey the boys super social coming soon boy
Personnaly, courses of y combinator are helpful in order to understand methodologies and no It s not a problem, a rejection. Because i think that y combinator has been thought by 80% of men for men. And an incubator without garden, without emotions courses, without food from fermars...who work with natural products, without nursery for children of ceo in y combinator, without old people, without disabilitie people, without vétérans, without rural people in usa, without ....it s a lack of Yin or yang. But it s interesting to read their ideas, and learn their courses.
But i am astonishing that there are no Money for vétérans of army projects, or no investor who seem to talk in High school for all children...
And no possibilities for American...people to write to y combinator in order to Ask x thing for governement, IT services in order to help population...
A lot of suicid near y combinator headquarter of vétérans, children, nurses and IT could help them to work fluently
But unfortunately no courses of y combinator for managers who work in healthcare, at SCHOOL...
But it s really interesting to learn yang or ying vision of a business, how they do Money...
I think that there is a sociology survey on them who could be interesting ? In order to study their social rules,... In their social level... Really interesting
You have to lock in on that signal and cut out all the noise.
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