"How did I get funding for my startup idea despite botching the presentation?"
"Your past is more important than your ability to pitch or interview."
(This is a quote from Jensen Huang, co-founder of Nvidia)
The Story:
Back in 1993, Jensen Huang pitched his startup idea to his former boss Wilf Corrigan.
ā It was one of the worst pitches Wilf had ever heard.
ā He had no idea what Jensen was proposing.
But Wilf did something bold - he vouched for Jensen's capabilities to legendary VC Don Valentine.
"Give this kid money. He's one of my best employees."
Walking into Valentine's office, Jensen was nervous.
ā The pitch was horrible again
ā Yet, Valentine decided to fund him
"Against my best judgment, but Wilf insisted. Lose my money and I'll kill you."
With that funding, Jensen co-founded Nvidia with a focus on computer graphics.
ā It pioneered advancements in AI, data centers, autonomous vehicles
ā Today, Nvidia is the 3rd most valuable company at $2.2 trillion
The Lesson?
Most think a great pitch gets you funded.
But Jensen learned something profound:
ā Your past track record matters more
ā Build skills, credibility over time
ā Have a "good past" people can vouch for
So to all aspiring entrepreneurs:
ā³ Build expertise in your domain
ā³ Cultivate mentors who believe in you
ā³ The pitch is secondary to who you are
ā³ Focus on having an impressive past
That's how you raise funds, despite a bad pitch.
Share this motivating story if you found it insightful!