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
The importance of networking.
This is the day in the life of a jet broker. I flew out to Switzerland for eBay. For anyone who loves jets, eBay is like being a kid in the candy store. It’s where you’ll find the latest and greatest in jet innovations while providing unparalleled network…
Mike Knoop on Product and Design Processes for Remote Teams with Kevin Hale
Hey guys, welcome to the podcast! How’s it going? Great! Cool. Kevin, welcome back! For people who don’t know you, what do you do? I’m a partner at Y Combinator. I founded a company called Wufoo back in 2006. I was in the second batch at YC. That company…
Interpreting points in context of graphs of systems
We’re told that Lauren uses a blend of dark roast beans and light roast beans to make coffee at her cafe. She needs 80 kilograms of beans in total for her next order. Dark roast beans cost three dollars per kilogram, light roast beans cost two dollars per…
The Slight Edge by Jeff Olson: Summary
Hey, it’s Joey and welcome to Better Ideas! If you’re like most people, you’ve had a vision of your potential future self: the richer, better looking, better groomed, happier version of yourself. Have you ever wondered if you can actually, you know, be t…
3 Arguments Why Marijuana Should Stay Illegal Reviewed
All around the world, marijuana is being decriminalized, or even made legal. But is this really a good idea? In the online debate, the harmful sides are often downplayed. So let’s look at the three most powerful arguments against legalizing marijuana. Ar…
Raiding a Killer Bee Hive | Primal Survivor: Escape the Amazon
[Music] [Applause] What we’re going to be doing now is something that is really dangerous. The village has located an Africanized bee nest. Africanized bees are called killer bees, and the deal with killer bees is they were made by trying to develop a sup…