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
How to Solve Money Disputes Like a Multi-Millionaire | Shark Tank's Kevin O'Leary
Hi there, Mr. Wonderful here. There’s nothing more stressful than a money dispute, whether it’s with a business partner or a family member, and in these extraordinary times, the stakes are higher than ever. But you know what? You don’t need that stress. Y…
Killer Whales: Exxon Valdez Oil Spill Nearly Decimated This Pod (Part 2) | National Geographic
Toa Nutella sweet, huh? Boom, channel 16. In the morning, we make contact with Craig Matka. He’s agreed to give us rare access to his research. Most studies on the effects of the spill started after the fact, but Craig’s work predates the spill. So if any…
The Stoic Guide To Overcoming The Desire To Escape Everything | STOICISM INSIGHTS
Isn’t it a bit strange that in this vast world we often stick to the same small corners where we were born? Here we are, on this huge spinning globe, and many of us never venture far from where our journey began. Think about it: how often do we find ourse…
Developing themes | Reading | Khan Academy
Hello readers! Let’s talk about themes and how authors can intentionally build messages into fiction. Now, to recap a little, themes link big ideas about the world we live in with the action of a text. For example, in The Lord of the Rings stories and fil…
Sign of average rate of change of polynomial | Algebra 2 | Khan Academy
So we are given this function h of x, and we’re asked over which interval does h have a positive average rate of change. So, like always, pause this video and have a go at it before we do this together. All right, now let’s work through this together. To…
The Antibiotic Apocalypse Explained
What would you say if we told you that humanity is currently making a collaborative effort to engineer the perfect superbug? A bug that could kill hundreds of millions of people? Well, it is happening right now. We are in the process of creating a superba…