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
Helicopter Physics Series - #3 Upside Down Flying With High Speed Video - Smarter Every Day 47
Hey, it’s me Destin. Welcome back to Smarter Every Day. So last week I described collective pitch control for a helicopter, I described cyclic pitch control for a helicopter, and I also described anti-torque pitch control. But this week we’re going to com…
HUGE Announcements at Tesla Battery Day! (Highlights)
[Music] Hey guys! Welcome back to the channel. In this video, I’m going to be doing a full breakdown of Tesla’s Battery Day. So, I literally just finished watching the presentation. It was a good couple of hours. What I’m going to try and do in this vid…
BEST IMAGES OF THE WEEK: IMG! Episode 23
Mr. Tea Time and Obama plays the trombone. It’s episode 23 of IMG. Is this Wolverine or two Batmans? And this is where to get all our cursors. Grandpa’s awesome, then still awesome now, especially when they do this. Here are women’s faces from all over t…
Competition is for Losers with Peter Thiel (How to Start a Startup 2014: 5)
All right, good afternoon. Uh, today’s speaker is Peter Thiel. Peter was the founder of PayPal and Palantir and Founders Fund, and has invested in, uh, most of the tech companies in Silicon Valley. And he’s going to talk about strategy and competition. Th…
Road Trip After Eight Years Without Driving
Oh my God! Oh my God! Oh my God! Oh my God! Oh my God! Oh my God! Oh my God! Oh my God! Oh my God! Oh my God! Oh my God! Yessssssss! happy laughter footsteps wind CLUNK Right now I am in San Jose on a big summer work trip. And I’ve got 10 days to get to M…
How One Man's Amazing Christmas Lights Have Spread Joy for 30 Years | Short Film Showcase
[Applause] [Music] [Music] [Music] [Music] My name is Bruce Mertz, and the people around here call me Mr. Christmas. This is my 31st year of putting up the lights, and I’ve been living here since 1977. Every year, I start setting up at the end of August.…