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
Khan Academy Ed Talks with Marc Sternberg - Wednesday, March 10
Hello! Welcome everyone to Ed Talks with Khan Academy. I’m Christine DeCervo, the Chief Learning Officer here at Khan Academy, and today I’m excited to talk to Mark Steinberg, who is the K-12 Education Program Director at the Walton Family Foundation. So…
How to Have Interesting Ideas (The Ben Thompson Playbook)
The most important article you write is the second article someone reads, and I do think that volume or quantity is underrated. So that’s like 50 or 60 books worth of writing over the last decade. That is an insane amount of volume. It would be hard to ha…
Kevin O'Leary: Harvard's Most Controversial Case Study?
At Harvard, why this is Kevin O’Leary building a brand in shark-infested waters? It’s a Harvard case about Mr. Wonderful. I can’t believe it; it’s surreal. Of course, I’m honored, no question about it. The whole story is in here, the whole Mr. Wonderful s…
Your Brain on Tech
[Music] Oh hello, technology isn’t just changing our lives; it’s changing our brains. Not just how they think, but how they look. It’s been shown that playing certain video games for hours can improve your memory for details, your ability to navigate spac…
Selina Tobaccowala at the Female Founders Conference 2016
All right, Cellino. We have so much to talk about, and you know I’m very excited for this because, um, I know you were just introduced as the CTO and president of SurveyMonkey, which is where you’ve been for the past most seven years now. Six now, six and…
How To Financally Plan Before Marriage | Jason Tartick & Kaitlyn Bristowe
It’s a crazy thought process to leave 10 years of NBA grinding all over the country in corporate America to go on reality TV, but it was that thought process that actually changed my life. Somebody in your family, either side, comes to you and says, “Loo…