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
Coordinating conjunctions | The parts of speech | Grammar | Khan Academy
Hello Garans. All right, today I want to start talking about conjunctions. Conjunctions are this part of speech that has a very particular function in English, and what it does is unite words, phrases, and clauses. Let me show you an example. So, if you …
Gel electrophoresis | Biomolecules | MCAT | Khan Academy
Let’s say that you have some vials here, and you know that in the solution you have fragments of DNA in each of these. What you’re curious about is, well, what about the DNA fragments in this first vial, in vial number one? How long are those fragments? H…
WARNING: The Next Great Reset - UNEMPLOYMENT
Facebook parent Meta Platforms is planning another round of layoffs. 7,000 positions will be eliminated. The Fed is not happy to see the unemployment rate at 3.4%. Fed officials came out and said, “We’re not done yet.” What’s up, guys? It’s Graham here. …
Most Startups Are Undercharging - Dalton Caldwell
Most of the time, people are way undercharging for their product. For some reason, there are ideas out there that you should either not charge for your product or you charge such a tiny fraction of what you could be charging that you’re not set up for suc…
Solving proportions 2 exercise examples | Algebra Basics | Khan Academy
[Instructor] We have the proportion ( x - 9 ) over ( 12 ) is equal to ( \frac{2}{3} ), and we wanna solve for the ( x ) that satisfies this proportion. Now, there’s a bunch of ways that you could do it. A lot of people, as soon as they see a proportion li…
Gerrymandering | US government and civics | US government and civics | Khan Academy
What we see here are two maps of congressional districts. On the left, we see some congressional districts in and around Austin, Texas. This black line shows us Travis County, where Austin, Texas, is. On this right map, we see the congressional districts …