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
Leopard Seals Play and Hunt in Antarctica | National Geographic
[Music] [Applause] [Music] On every story I do, you need that superstar, charismatic, you know, sexy megafauna species to draw people in. In this case, obviously, an Antarctic—it’s the leopard seal. [Music] [Applause] To get in the water with this l…
Interpreting graphs of proportional relationships | 7th grade | Khan Academy
[Instructor] We are told the proportional relationship between the number of hours a business operates and its total cost of electricity is shown in the following graph. All right. Which statements about the graph are true? Choose all answers that apply. …
Prepositions of space | The parts of speech | Grammar | Khan Academy
Hello, Garans. So we had said previously that prepositions, uh, express relationships between two ideas, right? And we can do that either in time or in space or in other ways. But today I want to talk about prepositions in [Music] space because this is a…
4 WAYS TO TORTURE THE NARCISSIST | STOICISM INSIGHTS
Did you know that the ancient Stoics had a secret weapon that could make them immune to the chaos and emotional turmoil caused by difficult people in their lives? Imagine possessing such a tool: a kind of mental armor that protects you from the negative e…
YC SUS: Gustaf Alströmer and Eric Migicovsky discuss growth tactics
Exciting! Welcome to another week of Startup School. I’m joined this week by Gustav. You want to tell us a little bit about yourself? Maybe your background? Sure! So I work here at YC as a partner. I’ve been here for two and a half years. Before that, I …
The "Do Something" Principle Will Change Your Life
It’s no secret that on a day-to-day basis, most people claim to lack the motivation necessary to make any significant positive changes in their lives. It’s almost a meme in today’s culture that people are just generally lazy and unmotivated, helpless agai…