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 LACK OF FRIENDS INDICATES THAT A PERSON IS VERY.... | STOICISM
When asked about his lack of friends, a stoic man likened friendship to a diamond. Elusive and precious, he said, friendships are rare, valuable, and often surrounded by imitations. After a few errors in judgment, you begin to believe that all friendships…
Do we Need Nuclear Energy to Stop Climate Change?
Do we need nuclear energy to stop climate change? More and more voices from science, environmental activists, and the press have been saying so in recent years. But this comes as a shock to those who are fighting against nuclear energy and the problems th…
Why Four Cowboys Rode Wild Horses 3,000 Miles Across America (Part 1) | Nat Geo Live
They asked me to, um, start off this speech with a kick. He keeps getting them in and getting them. I mean, J, you cannot eat this stuff! You know what the best thing to do, if you can get in there, just pull it out like a comb. Oh, all right, man, God. …
He’s Watching This Glacier Melt Before His Eyes | Short Film Showcase
For [Music] [Music], my name is Rick Brown. I’m the owner of Venture 60 North Adventure Center in Seward, Alaska. I’ve been guiding here since the early 90s. I’ve lived here permanently since 2003 and have been guiding in the glaciers all that time. Norm…
Translations: graph to algebraic rule | Transformational geometry | Grade 8 (TX) | Khan Academy
We are told Lucas translated triangle ABC to create triangle A’B’C’. So we went from this blue one, or blue-green one, to this burgundy one, or this red one. Write a rule that describes this transformation. So pause this video and try to figure this out o…
Users You Don't Want by Michael Seibel
Users you don’t want, and this one was Stannis. Yeah, this was fun. Yeah, when you’re just getting started, many startups will take every user they can get. They have a strong idea of a problem, and they want to attract as many users with that problem as…