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
The End of Robinhood..
What is up, finance alert nation? I am your host, Graham Stefan, and let’s get right into the news. Just kidding! I’m starting to feel a little bit like the drama alerts of finance lately, because we haven’t seen this much money-related drama since last w…
How Do Honeybees Get Their Jobs? | National Geographic
The honeybee is one of the most collaborative insects in the world. Each hive is comprised of thousands of bees working together in order to build and sustain a colony. Within the colony, each bee has a specific role to play, a job. These are jobs like fo…
Dr. Luis von Ahn (Duolingo) & Sal Khan share tips for effective digital learning | Homeroom with Sal
Hi everyone! Sal Khan here from Khan Academy. Welcome to our daily homeroom. For those of y’all who are new to this, this is something that we started doing a few weeks ago as we started seeing the math school closures. Obviously, Khan Academy is a not-f…
Labor and Capital Are Old Leverage
So why don’t we talk a little bit about leverage? The first tweet in the storm was a famous quote from Archimedes, which was: “Give me a lever long enough and a place to stand, and I will move the earth.” The next tweet was: “Fortunes require leverage.” …
Article I of the Constitution | US Government and Politics | Khan Academy
Hey, this is Kim from Khan Academy, and today I’m learning about Article One of the U.S. Constitution. Article One is jam-packed with information about how our government is supposed to work. But principally, what it does is create the legislative branch …
Rocket Bonfire Bullet Time Experiment - Smarter Every Day 65
Okay, so wine asked me if he could have a fire at my house, and I said yes. They showed up with a truck with speakers or subs or something, and then there’s kids like chopping stuff up with an axe, and they’re throwing stuff in a fire. I don’t know, I don…