Home Funding How I Secured $6M after 411 Rejections and What I Learned

How I Secured $6M after 411 Rejections and What I Learned

Tip: Build conviction in your product. If you don’t believe 100% in what you’re building, how can you expect an investor to?

S bronze Author: Svitlana Monastyrska
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Raising money for a startup is like climbing a steep, rugged mountain. You can see the summit, but the journey there is filled with obstacles, false starts, and moments of doubt. For me, this journey included 411 rejections before I secured $6 million in seed funding for IN1, a global platform that unifies financial management of fiat and cryptocurrencies with cutting-edge technology.

Reflecting on those 411 “no’s,” I realize how crucial each rejection was to my eventual success. They weren’t just barriers; they were stepping stones that forced me to hone my vision, refine my pitch, and truly understand what investors wanted. Here are the lessons I learned along the way and the tips I’d like to share with fellow entrepreneurs navigating the rollercoaster of fundraising.

Trust in Your Product and Vision

After 411 rejections, it would have been easy to lose confidence in my vision. But I believed in IN1 from the beginning, and that belief kept me pushing forward, even when things seemed bleak. I knew that our platform – offering users a unified experience across fiat and crypto – had the potential to disrupt the market.

Investors can sense when a founder is truly confident in their product. If you believe in your vision, others will too – but you need to communicate that confidence clearly and consistently.

Tip: Build conviction in your product. If you don’t believe 100% in what you’re building, how can you expect an investor to?

Stay True to Your Vision

Early in my fundraising journey, I took each rejection personally. I felt like every “no” was a reflection of my abilities or my company’s potential. But over time, I realized that the doubts and criticisms I faced were not about me – they were reflections of other people’s perspectives, shaped by their own experiences and visions.

I chose to stay true to my vision for IN1. Even when investors questioned my strategy or doubted the scalability of the product, I understood that their feedback was valid from their point of view – but it didn’t necessarily align with mine. I remained confident in what I had built, trusting that my approach would work.

Tip: Accept feedback, but don’t lose yourself in others’ visions. Stick to what you believe is right for your product, and trust in the clarity of your own ideas.

The Power of Focus Over Distractions

One of the greatest lessons I learned is that persistence trumps talent every time. Many founders believe that securing funding is all about having the right connections, a top-tier education, or an incredibly innovative idea. But the truth is, the fundraising process is grueling, and persistence is key.

For me, the traditional advice to “celebrate every milestone” felt like a distraction. I didn’t let myself get caught up in minor wins or setbacks. Instead, I stayed laser-focused on the bigger picture. The “side interruptions” of worries or fleeting victories had nothing to do with me or my project. My energy was dedicated to keeping my eyes on the goal, no matter what.

Tip: Stay focused on your end goal. Don’t let small failures and even small successes sidetrack you. Your persistence should be rooted in clarity and determination, not in constantly seeking validation along the way.

Your Story is as Important as Your Numbers

It’s easy to get caught up in the financials and projections during a pitch, especially in a space like fintech where numbers are often the primary focus. But I learned that while investors care about metrics, they also care about your story.

Why did I start IN1? Why was I so passionate about creating a seamless, secure platform that combines fiat and crypto? The more I leaned into the “why” behind IN1, the more I saw investors resonate with my passion. Numbers are important, but your story gives those numbers meaning.

Tip: Lead with your story and weave your passion throughout your pitch. Investors need to believe in you just as much as they believe in your product.

Rejections Are Part of the Process

When I look back, I see that each rejection was a vital part of my journey to securing $6 million. The “no’s” pushed me to evolve and adapt. They forced me to sharpen my pitch and strengthen my resolve.

Securing funding is not a linear process. It’s a marathon with unexpected detours, roadblocks, and setbacks. The key is to keep moving forward, even when the path seems unclear.

Tip: Don’t let rejections break your momentum. Keep refining your pitch, learning from each experience, and moving closer to that eventual “yes.”

Timing Matters More Than You Think

One of the toughest realities to accept is that timing plays a huge role in fundraising. Sometimes, it’s not that something is wrong with your product or your pitch – it’s that the timing isn’t right. Some of my rejections came from investors who were in the middle of deploying capital to other ventures, while others weren’t yet confident in the future of crypto.

The key here is patience. When the market aligns with your product, things can change quickly.

Tip: Don’t give up because of bad timing. Keep nurturing your network, stay in touch with investors, and be ready when the market shifts in your favor.

Find Investors Who Align With Your Vision

One of the biggest mistakes I made early on was pitching to anyone and everyone. I believed that if I just talked to enough investors, eventually one would agree. But I soon realized that not all capital is created equal.

Investors come with their own perspectives, priorities, and expectations. The 411 rejections helped me clarify what kind of investors I wanted: those who understood the future of crypto, believed in our mission, and were willing to invest in a platform that blends fiat and digital assets.

Tip: Do your homework. Instead of pitching to every VC under the sun, target investors who have a track record of supporting companies in your industry. It’s about alignment, not volume.

Conclusion: The Power of Resilience

If there’s one thing I’d like to leave you with, it’s this: rejection is not the enemy. It’s part of the process. Every successful entrepreneur has faced it, and every rejection brings you one step closer to success. Securing $6 million for IN1 wasn’t the result of luck or chance – it was the product of resilience, learning from mistakes, and staying true to my vision.

For every entrepreneur reading this, know that you’re not alone. Whether it takes 10 pitches or 411, stay persistent, believe in your product, and never be afraid to adapt. Your “yes” is out there. Keep pushing until you find it.

Now, as we continue to grow IN1, I am already actively raising for our Series A round. We plan to expand rapidly into the MENA region and Asia, targeting key international markets with IN1’s scalable platform designed to adapt quickly to local needs.

With even bigger goals, I look forward to finding the right partners to help us take the next big step in revolutionizing unified financial management.

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