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
A 750-Year-Old Secret: See How Soy Sauce Is Still Made Today | Short Film Showcase
In a small coastal town in Wakayama Prefecture, Japan, the traditional streets and buildings hold one of the best-kept secrets of Japanese Gastronomy. For it was here, in the 13th century, that soy sauce, as we know it, was first established and produced.…
John Gotti Sr.'s Rise to Power | Narco Wars: The Mob
[music playing] - It’s snowing out, a little snowing, white Christmas. - I know it’s going to happen any day now. So the plan that they came up with was rather ingenious. They decided to take Paul Castellano out by luring him to one of his favorite resta…
End behavior of algebraic models | Mathematics III | High School Math | Khan Academy
A barista poured a cup of coffee. The initial temperature of the coffee was 90 degrees Celsius. As time t increased, the temperature c of the coffee began to decrease exponentially and approach room temperature of 20 degrees Celsius. Which of the followi…
The Housing Market Bubble Just Popped
What’s up you guys, it’s Graham here! So we have to talk about what’s going on with the housing market because it was just found out that prices are continuing to go higher. Wait, what? Yep, you heard that correctly! Even though housing starts have dropp…
‌‌
Hey, Vsauce Michael here, coming to you from my hotel room in London with a little camera that I taped to a bunch of furniture I stacked up. Which is better than nothing, and as you can tell from the title of this video, it’s also what we’re going to dis…
2015 AP Chemistry free response 2a (part 2/2) and b | Chemistry | Khan Academy
All right, now let’s tackle, in the last video we did the first part of Part A. Now let’s do the second part of Part A. So the second part of Part A, they say calculate the number of moles of ethine that would be produced if the dehydration reaction went…