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
Black Market Kidney Transplant | Underworld, Inc.
[Music] That’s the jackpot sign; the dialysis session is [Laughter] finished. Now if it don’t fall in my face, we’re okay. Back in the States, Ron is among the 20 million Americans suffering from chronic kidney disease. He’s been going to dialysis three t…
Alibaba Stock Keeps Dropping... Delisting Risk Intensifies?
Okay, there have been a lot of questions and comments about Alibaba lately. So, in this video, I want to talk about what’s going on and why this stock continues to slide further despite being quite undervalued already. I mean, the one-year chart shows now…
Why Astronauts left a reflector on the Moon! (ft. MinutePhysics) - Smarter Every Day 73
Hey, it’s me, Destin. Welcome back to Smarter Every Day! So, did you know that in the 60s and 70s, when the astronauts went to the moon in the Saturn V rocket, they actually left experiments on the surface of the moon? In fact, there’s one that’s still th…
Introduction to the Crusades
We are in the year 1095. Just for context, this is roughly half a century after the Great Schism between the Eastern Orthodox Church, centered in Constantinople, and what eventually gets known as the Roman Catholic Church, or the Latin Church, centered in…
Lion Rapid Response Team | Best Job Ever
[Music] I’m a first responder for lions in Gorong Goa National Park. Every day, we’re out there working with lions. Very slowly, let’s just see what she’s up to. Gorong Goa National Park is undergoing a remarkable recovery after two decades of civil war,…
Warren Buffett's Warning for the Banking Crisis and 2023 Recession
This video is brought to you by Seeking Alpha. Get a 14-day trial of Seeking Alpha Premium via the link in the description. Anticipating a few questions on banks, I decided we should start using bank language here. Subscribe, please, and [Applause]. Char…