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
Secrets You Can Learn From Your Customers
And some point during this coffee session, the guy was like, “Hey, oh, you want my nose? You want to see my, would you like a gold mine? Yeah, for all of my thoughts, all of my everything.” [Music] Hello, this is Michael Seibel with Dotson Caldwell, and…
Startup Hiring Advice from Lever CEO Sarah Nahm with Holly Liu
Seren: Holly, welcome to the podcast! Holly: Thanks for having us! Seren: Yeah, pumped! So, Holly, you have a question to start it off? Holly: Yeah, I’m super curious. Did you ever see yourself becoming a founder, a founding CEO? Holly: Oh my gosh, I …
Indifference curves and marginal rate of substitution | Microeconomics | Khan Academy
In this video, we’re going to explore the idea of an indifference curve. Indifference curve, and what it is, it describes all of the points, all the combinations of things to which I am indifferent. In the past, we’ve thought about maximizing total utilit…
Simplifying rational expressions: common monomial factors | High School Math | Khan Academy
So, I have a rational expression here, and what my goal is, is to simplify it. But while I simplify it, I want to make the simplified expression be algebraically equivalent. So if there are certain x values that would make this thing undefined, then I hav…
Chasing the World’s Largest Tornado | Podcast | Overheard at National Geographic
Go one and a half miles. In 2013, Anton Simon was crisscrossing Oklahoma roads in a minivan. Anton is a scientist who studies tornadoes, and his team saw a huge one out the window. “Wait, okay, yeah, keep going. It’s very close, tornado very close.” And…
The Power of the Sun and Salt | Breakthrough
When the plant is finished, 10,000 mirrors will focus the sun’s rays onto the apex of a 600 ft tower filled with salt. So, we heat up our molten salt to 1,000° Fah, and then we’re going to store that liquid and use it for power generation. Salt retains he…