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
Determinant when multiplying a matrix by a constant
So let’s say that I have matrix A and its elements, it’s a 2x2: a, b, c, d. We have a lot of practice taking determinants of matrices like this. The determinant of this matrix, same thing as the determinant of a, b, c, d, it’s going to be equal to a times…
Jamming with Astronaut Chris Hadfield
Can I just ask you a question? Because we saw your guitar floating around in space there. What happened to that guitar? Where is it? Because that is a remarkable and unique guitar. It’s a Canadian guitar made by Larry Vay by John Larry Veo in Vancouver. …
How I Became Rich l #shorts
And what I remember about that experience, I wasn’t thinking about the money at all. We were competing with many companies around the world, and we were winning, and we were crushing it. So I woke up one day when the deal had closed, and I realized I’m ri…
Feedback
So now I want to talk a little bit about the concept of feedback. This is a really important concept. It was developed in the 1920s, the idea of using feedback, and it was done at Bell Labs, Bell Telephone Laboratories. Remember we talked about this on th…
The Muse's Kathryn Minshew Speaks at the Female Founders Conference 2016
[Music] Hi everybody! Thank you so much. I’m so excited to be here. My name is Katherine Mchu, and I’ve spent the last four and a half years building a company called The Muse. We provide expert advice for every career decision, and you can think of us a …
Storytelling: A Double-Edged Sword
There was once a village decimated by war, a war its people didn’t ask for. After four years, the killings ended, but the devastation had only just begun. Those who survived were left standing on the streets for hours, waiting for their only chance at a m…