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  3. Investors don’t validate your startup — users do.

Summary

Investors do not validate startups, users do. The example of Envision, a medical device startup, shows how the founder's perseverance and self-belief led to success despite multiple rejections from investors. The company was eventually acquired for $275 million.

  • Users, not investors, determine the success of a startup
  • Envision, a medical device startup, faced over 50 rejections from investors
  • The founder bet on herself and took no salary for two years
  • Envision was eventually acquired for $275 million
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