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
Labor-leisure tradeoff | Microeconomics | Khan Academy
So let’s keep talking about labor as a factor of production. In particular, we’re going to think about the supply curve of labor. When you’re thinking about the supply or the demand curve for elite labor, when you think about quantity, you could just vie…
Baby Making On Mars | StarTalk
We will actually send in each crew two men and two women. But of course we don’t know yet. Scientists don’t know yet if, uh, if fertilization works in reduced gravity of Mars. We don’t know how a fetus will develop in the reduced gravity of Mars. So befo…
The Ebola Virus Explained — How Your Body Fights For Survival
What makes Ebola so dangerous? How can a virus overwhelm the very complex defense system of the body so quickly and so effectively? Let’s take a look at what Ebola does. (Theme music) Ebola is a virus. A virus is a very small thing. A bit of RNA or DNA a…
China Doesnt Play By The Rules
I mean look, you’ve called for 400% tariffs on China. Won’t Trump’s plan make things more expensive? Actually, we have tariffs in place now. Biden Harris Administration did not remove any of them that were in place when they took over the administration. …
Angle congruence equivalent to having same measure | Congruence | Geometry | Khan Academy
What we’re going to do in this video is demonstrate that angles are congruent if and only if they have the same measure. For our definition of congruence, we will use the rigid transformation definition, which tells us two figures are congruent if and onl…
Worked example: Product rule with mixed implicit & explicit | AP Calculus AB | Khan Academy
Let F be a function such that F of negative 1 is 3 and F prime of negative 1 is equal to 5. Let G be the function G of X is equal to 1 over X. Let capital F function to find it as the product of those other two functions. What is capital F prime of negat…