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
A Man of the World | Podcast | Overheard at National Geographic
Tell me about how did you come to dive under the North Pole. One day I’m sitting in my office so long about four o’clock, I’m bored, and the phone rings. In 1979, Gil Grosvenor was the editor of National Geographic magazine. In that job, you don’t stay bo…
Worked example: Identifying an element from successive ionization energies | Khan Academy
We are told that the first five ionization energies for a third period element are shown below. What is the identity of the element? So pause this video and see if you can figure it out on your own, and it’ll probably be handy to have a periodic table of …
shower thoughts that actually make sense..
Somewhere on Earth, in a random corner of the world—well, actually, the Earth is round, so there aren’t really corners—but in a random corner of the world, there’s a worm. Just a single worm, and he holds the world record for digging deeper into the Earth…
Fish or Shark? | Wicked Tuna | National Geographic
Oh, we made it down to Chatham. Oh, I hope we get a bite. Staying positive. You see, the whales, the tuna are generally with them. We started to hear them. We set up, basically down sea of them. Tons of bait here that they’re feeding on. Hopefully, the tu…
Know your product.
I start off my day by arriving early at the office and closing a deal on a private jet sale in Asia. You know we always tell people, “We want you to hate us today, not the six on.” From so we’re giving you all the bad news now, and if you can live with al…
Do the ultra successful share similar characteristics?
It’s hard to say whether these ultra high net worth people, billionaires or corporate executive types, really have the same style. I think everybody has their own unique style. I think it’s part of the active negotiations; it’s just part of the game. It …