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
Controlled Bush Fire Burn | Rebuilding Paradise
ZEKE LUNDNER: One of the things that spread the Camp Fire through Paradise was all the spot fires. All those little baby trees are what carries the fire up into the crowns, and up in the crowns, when wind’s blowing, that’s how you get the one-mile to two-…
LearnStorm Growth Mindset: Dave Paunesku on student effort
The one thing I really like about the LearnStorm activities is that they, uh, they introduce students to the growth mindset concept, to neuroplasticity, to the fact that the brain grows and changes. Um, and they introduce the importance of effort. It’s r…
Do People Understand The Scale Of The Universe?
[Derek] Do people really understand the scale of the universe? Damn, really? That’s… okay. This task is going to seem ridiculously easy. Rank these things from smallest at the top to biggest on the bottom. But sometimes you have to ask the question no o…
Tracing arithmetic expressions | Intro to CS - Python | Khan Academy
How does the computer evaluate expressions with multiple operators, multiple function calls, or even nested function calls? That’s a function call inside the parentheses of another function call. To examine this order of operations, let’s trace a program …
Why OpenAI's o1 Is A Huge Deal | YC Decoded
Open AI’s newest model is finally here. It’s called 01, and it’s much better for questions around mathematics and coding, and scores big on many of the toughest benchmarks out there. So, what’s the secret to why it works? Let’s take a look. Inside OpenAI…
A Grim Warning For All Investors
What’s up, guys? It’s Graham here. So originally, I had another video that was planned to post today, but with everything going on, I felt like it would be more appropriate to address everybody’s concerns and share my own thoughts about what’s actually ha…