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
Survey from Neo Babylonians to Persians | World History | Khan Academy
Let’s now continue with our super-fast journey through history. One thing I want to point out, ‘cause I already touched on it in the previous video, is while we talk about this ancient history, I’m also referring to some stories from the Old Testament, an…
HE'S FOLLOWING YOU! -- DONG!
Hey, Vsauce. Michael here, and if you need more DONG, don’t worry, because I’m bringing you more things you could do online now, guys. “JaydenMarkAnderson” recommended Clubcreate, where you can make your own remixes right inside your browser. As we liste…
Warren Buffett: Buy These Inflation-Proof Businesses
Well, the businesses that will perform the best are the ones that require little capital investment to facilitate inflationary growth and that have strong positions that allow them to increase prices with inflation. And, well, those modest statements wer…
Supplemental insurance | Insurance | Financial literacy | Khan Academy
So let’s talk a little bit about supplemental insurance. Now, it is what the words describe it as; it is a supplement to usually some other existing insurance. It’s insurance above and beyond things that you might already have. So there’s a lot of exampl…
Make Abundance for the World
Yeah, I think there’s this notion that making money is evil, right? It’s like rooted all the way back down to money’s the root of all evil. People think that the bankers steal our money, and you know, it’s somewhat true in that in a lot of the world, ther…
Electron affinity: period trend | Atomic structure and properties | AP Chemistry | Khan Academy
Before we get into electron affinity, let’s really quickly review ionization energy. Let’s start with a neutral lithium atom with an electron configuration of 1s² 2s¹. A lithium atom has three protons in the nucleus, so a positive three charge, and two el…