Investors Said No, Now What?

[@ycombinator]

Did you ever have an investor say no at first, but fund you later? What did you do differently?

[@viralparikh4074]

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.

[@phillipdaneshyar4966]

Yes! YC did - biz model had changed + some extra traction / proof points.

[@yorimoigig]

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!

[@priyeshsrivastava8025]

I believe a lot of young founders typically have the student-teacher relationship mindset with the investor which is what causes this problem.

[@bjvu9460]

😂😂. That's funny. I have never seen anyone push back against the people who cut the checks to include those people at yc .

[@davyjetson]

The timing of this video couldn’t have been any better. I needed this 🙏🏿🙏🏾🙏🏽 #neverquit

[@ajasterisk4927]

Never quit

[@HopeAdoli]

💪

[@rudhisundar]

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!

[@oneeyedboxer]

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.

[@etechanhealthcare6012]

Wonderful, encouraging and very helpful discussions for startups and founders. Thanks alot Harj Taggar, Michael Seibel and Brad Flora

[@farhadkarimi]

Wow. I just had my first vc meeting td and this video popped up so conveniently. Thank you YC 🙏

[@harshvyas5360]

Michael is so inspirational here, it's addicting.

[@3nityC]

Michael Seibel is passionate & great mentor!

[@chapterme]

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

[@Taskade]

Great to see the team together!

[@columnsai]

Thank you for your honest sharing! I found these 3 people talking are always so great! :)

[@hiranga]

Michael Seibel's facial expressions are just gold! We should train a robot to learn human expressions from his overexpressed movements :D

[@ecofast8946]

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.

[@ismynamemoyo6743]

Love Michaels energy in this video

[@gazathugrashad59]

Thank you so much for the vid. Watching from South Africa 🇿🇦

[@interactivecares2026]

Great Insights. Learned a lot.

[@user-jn4ui2vl4b]

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 👩🏽‍💻👩🏽‍💻

[@JakeAllen3]

😂😂 very true. though seems like this could be changing

[@danieldickson4656]

Fortunate/unfortunate, it doesn’t matter. Do not let it get to your head. Investors aren’t gods.

[@shazilkhan2765]

Absolutely great information.

[@joanapartosa5006]

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?

[@opensquiggly]

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.

[@opensquiggly]

Oh, and then a few years after that he poured millions upon millions of dollars into Rally.

[@MessMerOfAMan]

@@opensquiggly how did ur system work out?

[@opensquiggly]

@@MessMerOfAMan 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.

[@demohub]

Interesting Perspectives. Thanks for sharing.

[@jcash5080]

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.

[@alexanderj4545]

Just really thanks for the time doing this.

[@vokysugar7702]

Thanks for the sharing.

[@technoarabs]

3:28 that's why warren buffet invest in his circle of competence, right ?

[@dynamics9000]

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

[@ts1iTSHWANELO]

Thanks guys

[@margaretcezar1109]

Thanks for the insights. It was very helpful. How do you go about those company that need heavy legal compliance?

[@-Jason-L]

"So as YC group partners, we find ourselves repeating the same intro over and over again" sorry, i just find this funny :)

[@kaijonas7849]

Thank you for all of this great content!

[@orlovskyconsulting]

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.

[@evanhaug9086]

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.

[@toemsakpolsri1073]

Just got an adhoc mentor commented my mpf was suck and not ganna make investor interested.😅

[@JasonEvans01]

You have to lock in on that signal and cut out all the noise.

[@estelle652]

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

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