Erik Seidel – Poker Is Like Business: Adapt Or Die

Advise from Erik the investor.

Jason Saltzman, poker enthusiast and columnist for Entrepreneur Magazine, feels like the worlds of poker and start-ups have a lot in common. Hard work, determination and a little bit of luck all go a long way in determining the future of your success.

But don’t take his word for it.

As Saltzman finds out, 8-time WSOP bracelet winner Erik Seidel also feels this way too. Seidel, who has made over $20M in lifetime earnings (much of that by crushing high rollers), is a part time investor as well. So when Jason runs into him the pair have a quick chat about what it takes to win from Las Vegas to Silicon Valley.

Q: Most startups fail. It’s sad but true. Most poker players fail, as well. What advice would you give upcoming poker players and soon to be startup founders trying to grind it out?

A: Hard work and passion are the key ingredients. People need to be open-minded and realistic about what changes need to be made to the business model every day, and not get caught up in closed mindsets. Every day you have to be better and different than you were the day before.

There’s plenty more where that came from, so it out: How Poker Is Like The Startup World, From A Real Pro

Also, ICYMI: Erik Seidel Talks About His Life and Love Of Music

If you or someone you know has a gambling problem and wants help, call the Virginia Council on Problem Gambling (VACPG) helpline at 1-888-532-3500
published 9 years, 6 months ago • by permalink

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