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
His Epic Message Will Make You Want to Save the World | Short Film Showcase
Fun fact: Planet Earth is 4.5 billion years old. Mankind is about 140,000 years old. Let me put that in perspective. If you condense the Earth’s lifespan into 24 hours, that’s one full day. Then we have been here on this planet for, drum roll please, 3 se…
Introduction to carbohydrates | High school biology | Khan Academy
What we’re going to do in this video is give ourselves a quick introduction to carbohydrates. You might already be familiar with the notion if you look at some packaged food. There’s usually a nutritional label, and it’ll say carbohydrates; it’ll tell you…
The development of an American culture | AP US History | Khan Academy
In this video, I’m going to take some time to talk about the culture of the young United States that developed in the early 19th century. At the beginning of this period, most of the dominant artistic and cultural productions in the United States—the pain…
The Ebola Outbreak of 1976 | Going Viral
NARRATOR: In 1976, a deadly illness erupted in a remote province of Zaire. [music playing] Belgian nuns tending to the sick described horrific symptoms followed by agonizing deaths. REID WILSON: It attacks tissue around the body. It basically attacks eve…
A Smarter Path | Chasing Genius | National Geographic
I was about six. My favorite toy was my slot car track, and what that really is, is little electric cars on an electric road. That electric road, the thing stuck with me. I am an engineer. Rather than to make a better mousetrap, I chose to make the world…
Life On the Watchlist | Explorer
The watch list, also known as the terrorist screening database, is used by U.S. intelligence agencies to nominate people as known or suspected terrorists. Over the past 15 years, the list has grown from a few thousand to more than 1 million names. But the…