Startups, Luck and Poker - e27
2) TIGHT PASSIVE – Tight passive players tend to be very patient in their play, waiting for the strongest hands before committing to play. Their Achilles heel comes from playing their hand too passively once they’ve joined in on the action. By not aggressively betting and raising they are unable to knock out other players, decrease the odds of winning the hand, and fail to maximize the size of the pot when they do win. Tight passive entrepreneurs are those that happen upon a great idea and find traction, but then fail to raise money or raise too little, continue to bootstrap when they should be spending to increase growth, allow more aggressive competitors to overtake them, and often sell too early and let someone else capitalize on their idea (think Rotten Tomatoes and the sale to IGN Entertainment  ; or Reddit’s sale to Conde Nast). Given that finding an idea with tra...