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
Secret of Snapping Spaghetti in SLOW MOTION - Smarter Every Day 127
(Destin) Looks good to me. Nice. Hey, it’s me, Destin. Welcome back to Smarter Every Day. So, I’m gonna show you something today that’s fascinating. If you take a normal piece of dry spaghetti, you can do this in your home, and you bend it right up until …
The Ultimate Conspiracy Debunker
The Internet is like a breeding ground for conspiracy theories. While some are just stupid and funny, others promote ignorance and an unhealthy distrust. So we went to the Kurzgesagt lab and developed a foolproof system to destroy not all but a lot of con…
Comparative roles of women in Rome and Han China | World History | Khan Academy
I’m here with Iman L. Sheikh, Khan Academy’s World History fellow, and the question I have, Iman, is: history often focuses on men, but clearly women were playing a significant role. How much can we know about women, say, 2,000 years ago? When we talk ab…
Misconceptions About Temperature
When you touch an object and it feels warm or cold, what is that really telling you about the object? Here, I have a metal hard drive and a book, and I’m going to ask people to compare their temperatures. Which one do you think will feel warmer - the boo…
PSYCHOTHERAPY - Jacques Lacan
Jacques Lacan was the greatest French psychoanalyst of the 20th century. He was also something that’s come to feel rather odd - an intellectual celebrity. As much of a focus of gossip and curiosity as a pop star. He hung out with famous artists and writer…
Adding 1 vs. adding 10 | Addition and subtraction | 1st grade | Khan Academy
So pause this video and real quick figure out what 27 plus 1 is, and then if possible, figure out what 27 plus 10 is. All right, so a lot of, let’s think about it together. You might have been able to do this one pretty easily. You might have said, okay,…