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
What’s the most effective way to offset the depreciation of your jet?
So what’s kind of the sweet spot in terms of how old the jet is where someone else is taking the depreciation and the big hit for you, but you’re not going to be stuck with something no one wants in 5 to 10 years? No, it’s a great question, Preo, because…
Ultimate Guide to GTD in 2022: Amplenote Edition
So in today’s video we’re going to be exploring the best ways to implement getting things done or GTD for short in 2022. Do not worry if you have not yet read the book or heard about the book; we’re going to look at why these Concepts work and how to help…
Worked example: Derivative of ln(Ãx) using the chain rule | AP Calculus AB | Khan Academy
So we have here F of x being equal to the natural log of the square root of x. What we want to do in this video is find the derivative of F. The key here is to recognize that F can actually be viewed as a composition of two functions, and we can diagram t…
North Korea in 3D: See Rare Photos of People in the Secret State | Short Film Showcase
[Music] In early 2014, Choreo Studio invited Slovenian photographer Mathias Tan Church to undertake a 3D photography project in North Korea, inspired in part by the country’s own fondness for 3D photography to produce keepsake postcards and public art. Ac…
Your Money Is Losing Value | DO THIS NOW
What’s up you guys? It’s Graham here. So today we gotta have the talk. I understand this might be a bit uncomfortable for somebody to listen to, and it’s not easy for me to talk so openly about this, but everyone needs to learn about this at some point be…
Rainn Wilson Rappels Across a Ravine | Running Wild with Bear Grylls
RAINN: I guess I just, I’m gonna step off the edge. BEAR: Okay, Rainn. I’m not entirely sure how strong these ropes are, so just ease yourself off it. BEAR (off-screen): Actor Rainn Wilson and I are only a few miles from our extraction point. But a deep r…