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
Pink Dolphins Are Real—and Disappearing From Hong Kong | National Geographic
[Music] Well, the Chinese white dolphin is a long-term uh resident of Hong Kong waters, so it’s part of our natural heritage. They are quite symbolic in our marine environment because, you know, they’re very charismatic, and a lot of people love their app…
National Geographic Takes on New York Fashion Week | Fit for a Queen | NYFW
[Applause] Queens is a project about female leadership, not only in front of the camera but behind the camera, telling a story about nature in a new way. And there couldn’t be a better time in history right now to be getting that message across. The titl…
Are Helicopters Gyroscopes? - Smarter Every Day 48
Hey, it’s me, Destin. Welcome to Smarter Every Day. So, you know you’re in trouble when you have to break out the tinker toys to explain a concept. What are you gonna build? (son) Tinker toy ducks, scrod and rolls over your ham. [??] Good idea. What are …
Cellular evidence of common ancestry | High school biology | Khan Academy
Perhaps the most mind-blowing idea in all of biology is the concept that all living things we know of, based on current evidence that we have, all originated from a common ancestor. So it doesn’t matter whether we’re talking about a simple bacterial cell,…
I Took an IQ Test to Find Out What it Actually Measures
In popular culture, the term IQ is everywhere. Do IQ exams do that? You probably need 120 points of IQ. Don’t know what my IQ is. And IQ. IQ. IQ. Low IQ individual. People who boast about their IQ are losers. When people say IQ, what they mean is intell…
Heisenberg's Uncertainty Principle Explained
Today I am doing an experiment that demonstrates Heisenberg’s Uncertainty Principle. So here, I have a green laser, and I am firing it down towards the front of the room through a narrow slit. Now, that slit can be adjusted so it can be made narrower or …