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
What Is Intelligence? Where Does it Begin?
Humans are proud of a lot of things, from particle accelerators to poetry to Pokemon. All of them made possible because of something humans value extremely highly: Intelligence. We think of intelligence as a trait like height or strength, but when we try …
How to make your money grow | Banking | Financial Literacy | Khan Academy
In this video, we’re going to talk about the power of compound interest. To help us understand that, we’re going to compare it to simple interest. Let’s say we have an interest rate of 16% per year and we put in initially $1,000. Simple interest would te…
How to learn Japanese by watching ANIME🇯🇵
Hi guys, it’s me! Today, we’re going to talk about how to learn Japanese effectively with anime. So let’s cut to the chase. Can you learn Japanese with anime? Definitely, yes! Hi guys, it’s me. Today, if you’re new here, I’m a native speaker when it come…
Why Facts Don't Change Minds
After almost two years of this mess, I decided I needed a break and wanted to do some traveling. I booked all the tickets, got the paperwork done, and was all set to go. Then I noticed on the corner of the screen the plane I was about to fly, not once but…
STOP SPENDING MONEY | Why The Middle Class Is Screwed
What’s up guys? It’s Graham here. So it’s no surprise the middle class is getting screwed, with incomes falling behind the cost of living, minimum wage dropping to its lowest purchasing power since 1956, and consumer debt ramping up alongside inflation. M…
What Causes The Northern Lights?
[Applause] Welcome to Alaska! I’m just outside of Fairbanks, and I’m trying to find the Northern Lights, the Aurora Borealis. But the conditions haven’t been ideal because tonight it’s a bit cloudy, a bit hazy, and we’ve got a moon out which is nearly ful…