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
Elon Musk to Jordan Peterson: “Life had no Meaning”
So, I wondered what’s motivated you? Cuz you push in so many directions simultaneously. You have to be really highly motivated to do that. And so, you figured out that the question, in a sense, was the answer. Yeah, the question—or I said another way—tha…
Worked example: Determining the effect of temperature on thermodynamic favorability | Khan Academy
Let’s do a worked example where we calculate the standard change in free energy, ΔG⁰, for a chemical reaction. For our reaction, let’s look at the synthesis of ammonia gas from nitrogen gas and hydrogen gas at 25 degrees Celsius. ΔH⁰ for this reaction is…
Sam Altman : How to Build the Future
I’m Jack, Sam’s brother, and we are here in our backyard, where we also live with our other brother. Sam wanted to give some advice about how to have an impact on the world, and since you couldn’t interview him himself, here I am. So, Sam, thank you. Th…
a day full of eating in Tokyo,Japan 🍣~ spend the day with me🇯🇵
Today I’m taking you along for a day in my life in Tokyo, which is going to be full of eating, and we’re gonna discover so many yummy foods. I woke up early, feeling fresh and ready to start the day. I took a moment to admire the city from my window, the …
There’s Still Oil on This Beach 26 Years After the Exxon Valdez Spill (Part 3) | National Geographic
So we pulled into this Bay and we’re waiting for the tide to drop. Down, the tide is dropping just before midnight, so we basically have to wait it out. We can look at one of these beaches where we’re told there’s oil, and swimming over the top of the bea…
Gordon Ramsay Hunts for Native Foods of New Zealand | Gordon Ramsay: Uncharted
Monique: Finally! Good morning! Good to see you! How are you? Interviewer: Good! I’m great! What an amazing place! Welcome to New Zealand. Monique: Fizo is one of New Zealand’s top chefs, trained in Michigan-style restaurants, but passionate about her M…