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 Land of Pure Silence | Continent 7: Antarctica
We’ve got a waypoint for the position of the ship. We’ll probably go out of visual range, but we’ll stay in radio contact and just kind of check in wherever we see anything or as we pass by landmarks. You need to have a reference point to be able to say w…
Sign of average rate of change of polynomial | Algebra 2 | Khan Academy
So we are given this function h of x, and we’re asked over which interval does h have a positive average rate of change. So, like always, pause this video and have a go at it before we do this together. All right, now let’s work through this together. To…
The Best Test of General Relativity (by 2 Misplaced Satellites)
Okay… Hello. Hey. So, this is good, this is good. You - you’re working, can you see me? I can see you. Do you know what went wrong in-uh.. during the launch..? Yes - it’s not complicated, but, it’s a long chain of events. On August 21, 2014, two satellit…
Catch of the Week - Something to Prove | Wicked Tuna
Airing it under control, the best time forward. Bump, bump, quick, good, neutral, great! Now it’s a tuna. Having this fish hooked up amongst the fleet is great. If we can land this fish, it would be the first one landed. It could be a good shot in the ar…
Earth's changing climate | Earth and society | Middle school Earth and space science | Khan Academy
Have you ever tried to imagine what the world was like in the distant past? Maybe you’d like to explore the age of the dinosaurs, when the Earth was much hotter than it was today. Perhaps you’d prefer when temperatures dropped to much colder than today. Y…
Living Up Close and Personal With an Active Volcano | National Geographic
It matters that there’s a volcano. It matters. It matters a lot because that’s, um, 75% of the identity of this place. The volcano is present; the volcano is breathing. The, uh, the volcano really is a living creature. It’s a bit of a romantic representa…