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 Deutsch Files I
We don’t really have an agenda. There’s no goal to the conversation, right? The closest we can come up with is just to have a spontaneous, free-flowing talk about anything you want to talk about. I think, obviously, you know how everyone thinks of your wo…
Economic profit for firms in perfectly competitive markets
In this video, we’re going to dig a little bit deeper into the notion of perfectly competitive markets. So, we’re going to think about under what scenarios a firm would make an economic profit or an economic loss in them. Now, as a reminder, these perfec…
Early English settlements - Jamestown
In the last video, we talked about the short-lived and highly unsuccessful English colony at Roanoke Island, which disappeared pretty much without a trace and even today is still known as the Lost Colony. So, as late as 1585, England had still not succes…
The kinetic molecular theory of gases | AP Chemistry | Khan Academy
In this video, we’re going to talk about something called kinetic molecular theory, which sounds very fancy. But as we’ll see in the next few seconds or the next few minutes, it actually helps build our intuition for what is going on with a gas, or at lea…
Explorer: The Last Tepui Trailer | National Geographic
First descents are basically modern exploration. When you’re climbing a piece of rock that no human has ever touched, you literally step into the unknown. [Music] We’re on an expedition into the glorious heart of South America. Oh look, right there, Dr.…
Charlie Munger: Why your first $100,000 will CHANGE YOUR LIFE
Getting your first 100,000 saved and invested will change your life. The quicker you can hit that milestone, the better. But this advice isn’t coming from me; it’s coming from legendary investor and billionaire Charlie Munger. Hearing what Munger had to s…