Poker wins instead of VC funding
 

Amusing/interesting read at



This guy claims to be making "$100 to $120 an hour," though the article doesn't specify what limit he is playing.

Funny article.

Two things made me laugh:

"It's not enough to save for retirement," says Meador, 34 and unmarried. LOL. How'd I guess? Another geeky computer nerd with a gambling addiction. "Unmarried." There's a shocker.

And the picture of him in front of two computers: one computer is probably his work-related computer, the other (the one he's looking at) is a laptop where he's multitabling 4 tables. LOL. If a "normal Wednesday morning" is him playing 4 tables of poker, when does he get work done?

I'm going to make a wild assumption that his company won't make it till the end of the year.

seriously if i'm making $100 to $120 an hour playing poker im not really worrying about anything.

You believe he's making that much? Do you have any idea how FEW people make that much money playing poker - online OR B/M?

no thats my point

if he was making 100-120/hr he wouldnt be bothering with this little company

I disagree.

If I'm making $100 - $120 an hour playing poker, then you better believe I have a plan to parlay a percentage of that money into something else so that I have more sources of revenue.

Two examples.

Example #1. Let's say one day I pass the bar (first hurdle), get a job (second hurdle), and finally become successful. I could continue making money at my job, which hopefully pays well and lets me live comfortably, or I could take some of my money and consider opening a business (maybe a bar, etc) so that I have more money coming in. I succeed even more when my profits overcome my initial investment. This doesn't mean I have to stop my "day job."

Example #2. This forum (Tp.com) is a perfect example of what I'm talking about. TP chose to invest money (money that he either won at poker or earned) into creating this website. Although it costs money to run (server bandwidth, URL fees, etc) he can see that the affiliate revenue poses a MUCH LARGER profit than his initial investment. Additionally, offering bonues such as books / money for sign-ups / etc is also good business savvy, because it keeps people not only signing up, but happy.

As Rockefeller said, "It takes money to make money."

uhm im sorry but if you're making 100-120 an hour you dont need to worry about a crap company. i understand your reasoning, but, there are a million easier ways to make money off having money (investing, real estate, etc) vs trying to start a company that deals with a small niche (software program that obviously not everyone is going to use).. just IMO that is...

In theory, this sounds nice, but in reality, I don't make much money at all from this site. While I don't regret making this site by any means, and while I do still hope to be able to make decent money from it eventually, that isn't why I created it in the first place, nor why I continbue to invest my time into it now.

Other thoughts (as this subject matter hits kinda close to home for me):

1. I haven't read the article yet, but I don't think someone making $100/hour playing poker online sounds crazy AT ALL. In fact, I think it's very realistic... you just need to be a winning player playing higher stakes. Multitabling helps too. If I can average 3 BB/hour playing 5/10 short, that's $90 per hour if I play 3 tables at once. And that's only playing 5/10! Even if we conservatively knock that way down to $40 or $50 per hour (I would have to have one hell of a bad run, but you never know), surely you can see the potential to make a lot mroe than that by playing at higher limits, right?

2. Personally, no matter how much money I could earn from playing poker, I'm still going to have it be my secondary source of income. Why throw away a company that you've worked hard to build, only to rely on non-guaranteed money to pay your bills? Doesn't sound like the bet idea to me, but maybe that's just me...