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A single rejection from a program, publisher, or investor is just one person's opinion, not a definitive judgment of your work's value. True validation comes from the broader market, which is a more reliable judge of potential and should be your ultimate focus.
Instead of seeking validation from traditional gatekeepers like writing programs or publishers, share your work directly with the public on social media. This allows the market—your actual potential audience—to decide its value, providing more immediate and meaningful feedback.
For any creative work shared publicly, you will receive diametrically opposed feedback. One person will love a feature that another hates. Realizing that all feedback is subjective and contradictory frees you from the futile search for external validation and allows you to focus on your own vision.
A rejection from a competitive university grant program, while disappointing, can be incredibly valuable. It provides critical feedback and can lead to a direct introduction to a visionary early investor from the review committee who sees potential despite the project's initial flaws.
An investor's best career P&L winners are not immediate yeses. They often involve an initial pass by either the investor or the company. This shows that timing and building relationships over multiple rounds can be more crucial than a single early-stage decision, as a 'missed round' isn't a 'missed company'.
Citing Paul Graham, Peterson states that founders should disregard the justifications VCs give for passing on a deal. The probability that the VC is being truthful, multiplied by the probability that their reasoning is correct, is so low that the feedback contains almost no signal.
Investors will often be polite and say a startup is "too early." However, founders should ignore these words and instead analyze the investor's portfolio. If an investor has no history of funding pre-product companies, their feedback is irrelevant; they were never a real prospect.
The impulse to change your authentic self to gain acceptance is a mistake. Your unique perspective is your greatest asset. Altering it to fit a perceived mold for a gatekeeper eliminates the very thing that makes your work valuable and distinct in the first place.
To truly validate their idea, Moonshot AI's founders deliberately sought negative feedback. This approach of "trying to get the no's" ensures honest market signals, helping them avoid the trap of false positive validation from contacts who are just being polite.
When passing on a deal, VCs often cite external factors like market size or competition. Trae Stephens reveals this is often a fabrication to avoid the difficult, personal feedback that they simply don't have conviction in the founder's ability to succeed.
The author's struggle to find a publisher highlights a key industry dynamic: publishers are not "angel investors" taking risks on beautiful stories. They are "venture capitalists" looking for authors with a pre-existing platform or viral potential, prioritizing marketability over pure literary merit.