yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

The "Most Money Raised" game


less than 1m read
·Nov 3, 2024

One of those stupid games sometimes people play is just how much money can I raise. What's the stupid prize? If you play the "raids as much as you can" game often, you lose control of your company.

So, like, when you confront the challenges, suddenly you know your board can fire you. Often you find yourself burning tons of money because a lot of people who gave you money expect you to spend it.

Oftentimes you have the wrong people on your team. You have a bunch of people who think you've made it, who think that this is, you know, the next Google, when in reality it's not.

And then, last, you might have to change what you're working on or change the problem or pivot in some significant way. But now there are all of these people and all this money and all this momentum going down a direction that's driving your company off the cliff.

And that pivot becomes 10 times harder, or damn near impossible, oftentimes. But you did win the fundraising game!

Yeah, it's a congratulations! So, congratulations! Here's your prize: you have a messed up company that shouldn't have raised all the money, and you've got to dig yourself out of a disaster.

More Articles

View All
RFS: LLMs for manual back office processes in legacy enterprises
One thing I’d love to see more startups working on is the use of LLMs to automate complex back office processes in large enterprises. So, for example, in a bank, you might have a customer service team answering loads and loads of queries from customers. …
Earth's changing climate | Earth and society | Middle school Earth and space science | Khan Academy
Have you ever tried to imagine what the world was like in the distant past? Maybe you’d like to explore the age of the dinosaurs, when the Earth was much hotter than it was today. Perhaps you’d prefer when temperatures dropped to much colder than today. Y…
Taoism: The Philosophy of Flow
Your alarm rings, waking you up from an unrestful sleep. You stretch across the bed and tap your phone to silence the disturbing noise. You’re tempted to pick it up and see what’s going on in the world, but you try really hard to stay away from it. Remind…
Are We Alone?
Some of them very likely have planets, and therefore I can imagine civilizations immensely beyond the capabilities of our own. NASA just announced the discovery of 500 new planets; they’re all orbiting other stars. Our place in the universe is relatively …
Researching Psilocybin's Effects on Depression - Dr. Rosalind Watts
How did this particular research project get started? This particular research started after various other studies looking into the effects of psilocybin on the brain and NST on the brain. This was the work of Robin Kaha Harris, whose interest came out of…
Alex Honnold Rappels Into a Ravine | Running Wild With Bear Grylls
[music playing] This is, like, pretty legit. That’s, like, a long ways. I’m pretty pleased you’re saying that. I’m definitely feeling it. I mean, this is 300 feet at least. Ultimately we want to get down into the gorge. Let’s rappel off the bridge? Yeah,…