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Raising money fucked me up

blog.yakkomajuri.com

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Re: Raising money fucked me up

#5
I think everyone would seriously benefit from learning poker. I used to play professionally and the idea of looking at things as probabilistic bets, and in terms of expected value is so deeply rooted in my mind

Investments are bets. Most sane investors aren't putting it all on one thing

Startups are bets

Applying for jobs. Sales. Dating. Health. Basically everything

You risk $X money and time for a payoff of $Y that comes Z%

You can make the best decision and have a bad outcome because there are so many unknowns. This isn't chess

You can play everything wrong and still hit it out of the park

I mean this is one of the range of outcomes that could've happened. You can't declare yourself a success or failure from one project

Just keep making good decisions and don't risk it all, and you'll more than likely end up fine

Re: Raising money fucked me up

#6
post #3

Finding the right psychologist/coach/founder to chat this over with will probably do you and the company wonders.

Hey, author here. Totally agree on how helpful these people are. I have a psychologist and also some great mentors. This doesn't make you immune to things like I wrote about but helps you process and get over them when they happen.

As a side note, I'm in a much better mental space now, largely due to facing these things straight on. Things are good, and I'm motivated and sharp!

Re: Raising money fucked me up

#7
Expectations that we hold inside of ourselves can be a really difficult echo of identities we tried fantasizing about when growing up and as an adult. We want to do well, we want the approval, we want the validation.

The anxiety over expectations can kill you. It’s self abuse - people (investors, bosses, spouses) don’t invest in you for your anxiety driven productivity, they do it because of who you are outside of that worry. It’s hard to replace it if you consider it your motor. Let the desire to do well and good stay, but let the fear of others disappointment go, and the fantasy that we can control those outcomes by squeezing every last drop out of ourselves.

Re: Raising money fucked me up

#8
post #3

Finding the right psychologist/coach/founder to chat this over with will probably do you and the company wonders.

Hey, author here. Totally agree on how helpful these people are. I have a psychologist and also some great mentors. This doesn't make you immune to things like I wrote about but helps you process and get over them when they happen. As a side note, I'm in a much better mental space now, largely due to facing these things straight on. Things are good, and I'm motivated and sharp!

Awesome to hear. Best of luck!

Re: Raising money fucked me up

#9
post #7

Expectations that we hold inside of ourselves can be a really difficult echo of identities we tried fantasizing about when growing up and as an adult. We want to do well, we want the approval, we want the validation. The anxiety over expectations can kill you. It’s self abuse - people (investors, bosses, spouses) don’t invest in you for your anxiety driven productivity, they do it because of who you are outside of th…

Can you separate "who you are" from that worry? Seems to me it's a part of you and you wouldn't be you without it, for better and worse.

Re: Raising money fucked me up

#10
post #5

I think everyone would seriously benefit from learning poker. I used to play professionally and the idea of looking at things as probabilistic bets, and in terms of expected value is so deeply rooted in my mind Investments are bets. Most sane investors aren't putting it all on one thing Startups are bets Applying for jobs. Sales. Dating. Health. Basically everything You risk $X money and time for a payoff of $Y that…

> You risk $X money and time for a payoff of $Y that comes Z%

Unlike in poker where you know those 3 numbers if you are paying attention, in real life you know only X, and sometimes not even that. The rest is a guessing game, and that estimation is the hard part.

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