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
Why Do Sand Tiger Sharks Form Gangs? | Shark Gangs
Off the coast of North Carolina lies a treacherous stretch of water with strong currents and shifting sands, with the remains of up to 5,000 ships. It’s known as the graveyard of the Atlantic. Hidden within this eerie resting place for lost souls are gang…
Becoming Cousteau | Official Trailer | National Geographic Documentary Films
Well, I’d like to ask you, what’s it like down there? It’s fantastic! Imagine having no weight. Imagine that this would be underwater; you would move like this, swimming in space above all your little fans. It’s beautiful. When my friends and I started, …
Steve Jobs in Sweden, 1985 [HQ]
[Music] Glad to meet you. [Applause] The doors have been locked and all of you that don’t sign up to buy computers will stay here, and we will bring back the singers. I am extraordinarily pleased to be able to be here with you. This is one of my perso…
STOP SPENDING MONEY | Why The Middle Class Is Screwed
What’s up guys? It’s Graham here. So it’s no surprise the middle class is getting screwed, with incomes falling behind the cost of living, minimum wage dropping to its lowest purchasing power since 1956, and consumer debt ramping up alongside inflation. M…
15 TRAITS Of The SUPERIOR MAN
Hello Alexers! On this Sunday motivational video, we’re looking at how to become a superior individual. There’s always room to become a better person, yet most people decide to become complacent in their mediocrity. So, a discussion on the traits and the …
Shifting absolute value graphs | Mathematics II | High School Math | Khan Academy
This right over here is the graph of y is equal to absolute value of x, which you might be familiar with. If you take x is equal to -2, the absolute value of that is going to be two. Negative -1, absolute value is one. Zero, absolute value is zero. One, a…