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
Robinhood Just Got Cancelled - Again
What’s up you guys, it’s Graham here. So historically, they say that on average September is the worst month for the stock market, dating all the way back to 1950. Now whether or not that comes true for this month is yet to be seen, but I have to say the…
Encountering an Anaconda | Primal Survivor: Escape the Amazon | National Geographic
So how far are you coming from? I come from south. Okay, all the way south? Yeah. Coming and going to? Heading north. Heading north? Okay. Okay. Yeah, we are rounding up these horses. Oh yeah? Yeah, my horses had strayed from this wapan Roundup. T…
Character change | Reading | Khan Academy
Hello readers! One of the wonderful things about stories when they’re given the room to grow and expand is the idea of character change or growth over time. Characters in stories are just like real people; they have the capacity to change, to make mistake…
Saving Orangutans in Sumatra's Disappearing Rain Forests | Nat Geo Live
Panut: In Sumatra, the Leuser Ecosystem is one of the largest and most intact tropical rainforests left in Southeast Asia. It is the only place in the world where you have Sumatran tigers, Sumatran rhinos, Sumatran elephants, and orangutans living togethe…
Vector fields, introduction | Multivariable calculus | Khan Academy
Hello everyone! So, in this video, I’m going to introduce Vector Fields. Now, these are concepts that come up all the time in multivariable calculus, and that’s probably because they come up all the time in physics. You know, it comes up with fluid flow,…
Linkage institutions and political parties | US government and civics | Khan Academy
In many videos, we have talked about the makeup of government at either the federal or the state level. We’ve talked about branches of government; we’ve talked about checks and balances. What we’re going to talk about in this video is how people interface…