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
The Difference Between Trump and Harris Policy
So the difference is in Harris’s platform. She says, “Look, I’m going to pick winners, but to pay for that, I’m going to tax everybody at 28%.” Now, I can’t find a time in history when corporate tax rates in America were increased that much in one signatu…
MTV News Rocks the Vote | Generation X
You have the right to vote music or lose it. Rock the Vote comes along at the same time MTV’s fledgling news department is finding its legs. Hi, I’m Kevin de Sauron and this is MTV News. The second of three presidential debates was held Thursday night; i…
How the Kushites Took Over Egypt | Flooded Tombs of the Nile
[tense music] Nuri is one of the most intensive concentrations of pyramids anywhere in the world, across any culture and civilization. [upbeat music] In Sudan, in fact, there are more pyramids than in Egypt. And this is something that people don’t think …
Charlie Munger Warns About the Stock Market. This is His Portfolio Now
Just this past week, Charlie Munger sat down for a rare interview. In this interview, Charlie Munger warned that this current stock market is, quote, “the craziest market I have ever seen.” Considering Charlie Munger is 97 and has lived through his fair s…
There Is Something Hiding Inside Earth
We’ve found a new planet, home to octillions of the most extreme beings living in the most absurd and deadly hellscape. In absolute darkness, crushed by the weight of mountains, starved of oxygen, cooked alive, bathed in acid, salt or radiation. And yet, …
Kyle S. More on Playing Hinckley | Killing Reagan
[Music] John was he was lonely and he was depressed. He wasn’t a monster by any mean, you know he was a normal young man, um, who started getting sick and didn’t get the right help in time. He wasn’t medicated. Mental health was different back then; they…