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
Nuclear Power Generation| Fuel Types and Uses I| AP Environmental Science| Khan Academy
Hey there friends! Today we’re going to learn about nuclear power, and to do so, we’re going to visit my home state, Idaho. That’s right, land of the potatoes and also nuclear power! If you’ve driven through Idaho, there’s a good chance that you passed b…
Geoff Ralston's Intro - Startup Investor School Day 1
Welcome everyone to my competitors’ startup investor school. If you think you’re at a different class, you should leave now. So it’s great to see you all here. I’m Jeff Ralston, and I’m going to act kind of as the master of ceremonies. I’ll be introducin…
The fastest way to ruin your entire life
Here’s another quick tutorial on how to ruin the rest of your life. Step one: Close your body language. Go throughout life with a closed body language. Slouch your shoulders, keep your head down, don’t make eye contact. Don’t give anybody the impression …
Positive and negative rotaion of points example
We’re told that point P was rotated about the origin (0, 0) by 60 degrees. Which point is the image of P? Pause this video and see if you can figure that out. All right, now let’s think about it. This is point P; it’s being rotated around the origin (0, …
Gordon Ramsay Hunts for Native Foods of New Zealand | Gordon Ramsay: Uncharted
Monique: Finally! Good morning! Good to see you! How are you? Interviewer: Good! I’m great! What an amazing place! Welcome to New Zealand. Monique: Fizo is one of New Zealand’s top chefs, trained in Michigan-style restaurants, but passionate about her M…
Everything We Don't Know
This is green. This is red. And this is blue. But how can you tell that what you’re seeing as blue is the exact same thing as what I see as blue? We’ve named the colors to give us a way to communicate and reference them, but in reality, there’s no way of …