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
TAOISM | 5 Life Lessons From Lao Tzu
Can you celebrate life and not cling to it? Can you give up control and still get things done? Can you achieve your goals without forcing? These are all themes we find in the ancient Taoist key work called the Tao Te Ching, which was written by a mysterio…
Ray Dalio on THE DEBT CYCLES
In these cycles, there are short-term cycles that build up to create a long-term cycle. So, uh, for example, we’re used to, uh, what’s commonly called the business cycle or the short-term debt cycle, in which there’s a recession when economic weakness and…
Warren Buffett: How to Invest During High Inflation
Stocks sell at silly prices from time to time. It doesn’t take a high IQ to figure out that they’re cheap, but it does take a temperament that’s willing to step up and actually act. That, there, as I’m sure you are all aware, is Mr. Warren Buffett, the 92…
Why NASA's Next Space Suits are not Pressurized to 14.7psi - Smarter Every Day 296
This is me trying to figure something out underwater. And those are NASA astronauts also trying to figure something out underwater. NASA is about to make a technical decision, and I want to try to explain why it’s so important. Like, if you could design …
The 5 Financial Goals To Achieve In Your 20s
What’s up you guys, it’s Graham here. So, I have no idea how to start this video other than to say that I went down a bit of a rabbit hole the other day. You know, like when you come across something online and then for some reason, you open up another ta…
Addition and subtraction with number lines | 2nd grade | Khan Academy
[Voiceover] Which number line shows 47 plus 22? Let’s see, in this first number line we’re starting at 47, then we add 20 to get to 67. And then we add two to get to 69. So if you add 20, and then you’re adding two, you’re adding 22. So this one seems r…