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
HOT SPIDER COSPLAY .... AND MORE! IMG! #25
In Taiwan, the Subways don’t require pants, and a boy in love—wait, it’s episode 25 of IMG. There is nothing better than sniffing hippo butt, except a jar full of kitty. Put things in front of your face to get a kiss, or a fish face, or just dress up in S…
Shark Attacks 101 | National Geographic
[Music] The headlines are scary, but here’s the truth about shark attacks. While sharks live on every coast of the United States, even Alaska, the chances of being killed by a shark is 1 in 3.7 million. That’s a low number. You’re more likely to die by dr…
Protecting Ancient Artifacts | Explorer
Nadia’s help, the museum agreed to let me inspect the seized antiquities. “Where are you keeping the antiquities?” I asked. “Down here,” was the response from a curator of the museum. This kind of “jewy” Ramon punk guy looked a bit out of place, but th…
Cindy Mi and Qi Lu Share Advice for Entrepreneurs Building Global Companies
Hi everyone, my name is Qi Liu. I’m a partner at Y Combinator. I’m also working on YC China. Today, I’m very, very pleased to have the opportunity to speak to Cindy, the founder and CEO of WebKit. As many of the YC community in the U.S. or China know, Web…
IPFS, CoinList, and the Filecoin ICO with Juan Benet and Dalton Caldwell
Hey, this is Craig Cannon, and you’re listening to Y Combinator’s podcast. Today’s episode is with Dalton Caldwell, who’s a partner at YC and Wamba Net, who’s the founder of Protocol Labs, a YC company that’s working on IPFS, Filecoin, and CoinList. If y…
What Colour Is Most Attractive?
[Music] The Sydney dating scene is pretty superficial. But what do people want in a partner? We asked some local Sydneysiders to rate these two stock photo babes out of 10 based purely on their looks. “How would you rate him?” “Six.” “Six? Yeah, lovely s…