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 Ponzi Factor | Stocks are NOT Ownership Instruments
The reason why finance professionals do not see the stock market as a Ponzi scheme is because they believe the credibility for an idea rests on repetition, tradition, and people who recite it rather than proof, logic, or facts. The first fallacy, which I…
It's Over: Why I'm Cancelling My American Express
Dear American Express, It is with great sadness and a heavy heart that I announce it’s over. Even though we’ve shared some unforgettable moments, bought beautiful experiences together, and dined in fancy airport lounges, you’ve changed, and now it feels …
Renewable Energy 101 | National Geographic
Around the world, renewable energy use is on the rise, and these alternative energy sources could hold the key to combating climate change. What is renewable energy? Renewable energy is generated from sources that naturally replenish themselves and never…
Peter Lynch: How to Find THE BEST Stocks to Buy
You shouldn’t be intimidated. Everyone can do well in the stock market. You have the skills, you have the intelligence. It doesn’t require any education; all you have to have is patience. Do a little research; you’ve got it. Don’t worry about it; don’t pa…
3 Stocks UP BIG During the Lockdown
Hey guys, welcome back to the channel! In this video, we’re going to be talking about three stocks that have just gone absolutely beast mode because of the lockdown. So, it’s kind of an interesting situation because, generally speaking, the lockdowns hap…
Electrolytic cells | Applications of thermodynamics | AP Chemistry | Khan Academy
Electrolytic cells use an electric current to drive a thermodynamically unfavorable reaction. Before we look at a diagram of an electrolytic cell, let’s look at the half reactions that will occur in the cell. In one half reaction, liquid sodium ions reac…