A thread of learnings from poker for startups/founders/businesses in general:
1. Find a table where you can win/Play where you can win - Compete in markets where you can win. The aim is winning not winning against someone specific
#poker #startups
1. Find a table where you can win/Play where you can win - Compete in markets where you can win. The aim is winning not winning against someone specific
#poker #startups
2. Milk a good hand/Ride the wave - If you find yourself in the right place at the right time, ride it. That is the part of the luck which you need to maximize. Be nimble footed, be opportunistic. #poker #startups
3. Know when to fold/Pot Control/Minimize risk - If you find yourself in the middle of an adverse situation or a hypothesis which seems to be failing - put the brakes om, slow down, revaluate and decide #poker #startups
4. Positive Expected Value/Think long term - Take a line which is net positive EV in long term, a single hand doesn't matter . Net results of your initiatives/experiments should be positive. Do not evaluate one at a time, in isolation. Look at the bigger picture #poker #startups
5. Protect your chips/Protect your capital - When you are deep stacked, protect your chips. Jab Jab Hook. Keep doing small experiments, choose a few to go deep and deliver the knockout punch #poker #startups
Unroll please @threadreaderapp
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