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
Safari Live - Day 35 | National Geographic
Big pigs of youngsters that would explain the very excited behavior between them. Wonderful, right? Well, it’s not just the warthogs and myself and a man who that are joining you this afternoon. Jamie and Craig are in the other car, and they are heading u…
15 BEST Books on LEADERSHIP
You are watching the book club! Every Wednesday, we handpick the best books to improve your life. The 15 best books on leadership! Welcome to aLux.com, the place where future billionaires come to get inspired. If you’re not subscribed yet, you’re missing…
The Warning Of Hyper Inflation | DO THIS NOW
So, as most of you know, I usually intro my videos with “What’s up, you guys? It’s Graham here.” But the only thing up today is inflation, and it’s getting much, much worse than most of us initially expected. Throughout the last week, it was revealed that…
SEC Puts Robinhood on Notice Over Gamestop Ban
[Music] Well guys, we have an update on the Gamestop situation. The SEC, the Securities and Exchange Commission, which is basically like the stock market police over in America, have released a statement recently on the whole Gamestop situation and what …
Support Khan Academy and double your impact
Hi, I’m Sal Khan, founder of the Khan Academy. As you might know, we are a not-for-profit organization with the mission of providing a free, world-class education for anyone, anywhere. The way that we’re able to do that is through the support of folks li…
Colbert's Life in the Swamp | Live Free or Die
[Music] [Music] Every day in the woods is just a constant challenge. It’s urgency after urgency, project after project. Got an otter! It’s a river otter. This is one of my most valuable pelts; it brings a top price, and, uh, not many people do, but I try…