Startups, Luck and Poker

e27.sg 04 Feb '13, 4am

Startups, Luck and Poker - e27

A special note needs to be made about the startup accelerator YCombinator, which seems designed to play the “startups as poker” game. They look for and encourage tight play from their teams. That is why they strongly prefer engineering-heavy teams, do not worry about what your initial idea is, do not mind when you pivot, give you just enough money that you are forced to bootstrap, and have a fixed deadline of three months before you are forced to demo your product. They also encourage aggressive play through their Demo Day to help their startups raise a lot of money fairly early on. Best of all, they are able to place a Rovio’s worth of US$11-20,000 antes every six months in the hopes of landing another Airbnb or Dropbox. In poker terms, they’re like a poker bot with perfect memory and near-perfect play playing 50 machines’ worth of hands at once. It’s almost cheating.

Full article: http://e27.sg/blog/2013/02/03/startups-luck-and-poker/

Tweets

@bleongcw » 05 Feb '13, 8am
RT @benjaminjoffe: Startups, Luck and Poker - e27 [link] by @rottendoubt co-founder of Rotten Tomatoes. Can this analogy apply to life at large?
@benjaminjoffe » 05 Feb '13, 6am
Startups, Luck and Poker - e27 [link] by @rottendoubt co-founder of Rotten Tomatoes. Can this analogy apply to life at large?
@kivestu » 05 Feb '13, 6am
Nice blog post about the similarities between poker and consumer web startups from founder of Rotten Tomatoes: [link]
@keesvannunen » 04 Feb '13, 5pm
RT @rockstartaccel: “You got to know when to hold ‘em, know when to fold ‘em”: #Startups in Poker Terms [link] [fun read!]
@rockstartaccel » 04 Feb '13, 5pm
“You got to know when to hold ‘em, know when to fold ‘em”: #Startups in Poker Terms [link] [fun read!]
@LeanStartStream » 04 Feb '13, 4pm
Startups, Luck and Poker - e27 [link] #LeanStartup
@JonathanLewy » 04 Feb '13, 1pm
RT @sromovc: Startups, Luck and Poker [link] cc @JonathanLewy
@sromovc » 04 Feb '13, 9am
Startups, Luck and Poker [link] cc @JonathanLewy
@brodiemcculloch » 04 Feb '13, 8am
RT @drmarcustan: Interesting analogy RT @crazygrape: Startups, Luck and Poker - e27 [link]
@picoj » 04 Feb '13, 7am
Startups, Luck and Poker [link] via @zite
@hnfirehose » 04 Feb '13, 7am
Startups, Luck and Poke: [link]
@drmarcustan » 04 Feb '13, 7am
Interesting analogy RT @crazygrape: Startups, Luck and Poker - e27 [link]
@Eiolos » 04 Feb '13, 7am
Startups, Tur och Poker [link]
@samwize » 04 Feb '13, 5am
Startup is liking playing Poker [link]
@casey_lau » 04 Feb '13, 5am
“@jonbuford: Startups, Luck, & Poker: [link] by @rottendoubt good read about tactics, personalities, and investment.”
@jonbuford » 04 Feb '13, 5am
Startups, Luck, & Poker: [link] by @rottendoubt good read about tactics, personalities, and investment.
@ThePokerWord » 04 Feb '13, 5am
Poker News: Startups, Luck and Poker - e27 (blog) [link]
@porlando » 04 Feb '13, 5am
Startups, Luck and Poker, by Patrick Lee @rottendoubt [link]
@rahuliffic » 04 Feb '13, 4am
Startups, Luck and Poker - e27 [link]
@dickyinjava » 04 Feb '13, 6am
Startups, Luck and Poker - e27 [link]
@crazygrape » 04 Feb '13, 5am
Startups, Luck and Poker - e27 [link]