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
Theoretical probability distribution example: tables | Probability & combinatorics
We’re told that a board game has players roll two three-sided dice. These exist, and actually, I looked it up; they do exist and they’re actually fascinating! And subtract the numbers showing on the faces. The game only looks at non-negative differences. …
Common and proper nouns | The parts of speech | Grammar | Khan Academy
Hello, Garans! I’d like to bring up the idea of the difference between a common and a proper noun. The difference between a common and a proper noun is simply the difference between something with a name and a more generic version of that thing. I’ll giv…
Why The Mind Hates Meditation
To avoid all evil, to cultivate good, and to cleanse one’s mind - this is the teaching of the Buddha. Meditation has been scientifically proven to have many health benefits, like reduced anxiety and better emotional health. While this is great, I also see…
Reprogramming Perception - Tech+Art | Genius: Picasso
I like to challenge my audience with sensory experiences that can almost feel threatening. I use hair, spit, semen, blood. Why do you find it disgusting? Why is that normal? Why are things so sanitized? I think, as an artist, I’m really interested in all …
Reading Habits of Warren Buffett and Charlie Munger
You know, I obviously recommend, first and foremost, “The Intelligent Investor,” with chapters 8 and 20 being the ones that you really should read. All of the important ideas in investing really are in that book because there are only about three ideas, a…
How can you you Know the Truth in your News Feed? - Smarter Every Day 212
My internet newsfeed is mostly crap. I try to be smart, right? And discern what I’m reading online and make sure that it’s lining up with truth, but for the most part, it seems like everyone has an agenda or everything’s biased. So how do you figure out w…