Bob Crimmins

@pokerorg @mkonnikova Startup founders take heed. T'was ever thus... whether you knew or not

What is the most important thing you've learned from poker? Full interview with Maria '@mkonnikova' Konnikova: poker.org/latest-news/ma…

@AriMelber Despite the apparent crickets, you got a standing ovation from me.

@PicnicNews @M_Bridges A high bar. :-)

Headed to Tech Week NYC. Excited to host Startup Poker 2.0 w/ @AgreeHQ and @EscalonGlobal We're almost at capacity... so click pretty soon if you want a seat... or slower if you just want the dinner & founder-investor-only networking. lu.ma/ytbl8iac

Mixed blessing. I won the Silicon Valley Startup Poker 2.0 event last night. That's fun to do. But I also cringe a little when it happens. I love it most when other founders or investors win. Having played in at least 300 of these events over the years, I have a bit of an advantage because I know the format so well. And I've certainly won my share. So I try not to play too seriously and to make some questionable moves to generate more fun and action for other players. I also usually play the "small money" option so that even if i win, another player will get top prize as the "big dog" as we call it. But sometimes the cards just go your way, like they did last night. Congrats to OG Startup Haven member @Ben Park, whom I schooled heads up but who took the 1st place big dog spot.

First time back in the pool since pre-COVID. Not looking forward to what's coming this weekend.

I'm hosting "Why Every Startup Founder Should Play Poker" today at 3pm. Wanna here me blather on about how valuable poker is to startup founders and investors? Then this session is for you. linkedin.com/events/whyever…

You're ridiculously wealthy, you can have anything, go anywhere, do anything. You're also C-level exec of several of multi-$B companies. Would you really spend 100's of hours building a Diablo IV character? Or would you just drop a few hundies. playerauctions.com/diablo-4-accou…

@QuincyEdmundLee @paulg Resilience is not a superpower. Nor are all the other founder attributes we tout. They are expected. You gain no material advantage because you have them. Like packing oxygen to climb Everest.

@paulg Resilience is a superhero power for founders

Someone asked me what was the most luck-dependent thing in startups. I replied: whether you're suited for it. Only a tiny fraction of people are.

@paulg A lot of nonsense, post-hoc reasoning in this thread. With such a high failure rate, probabilistically, you will find plenty of failed founders with roughly the same amorphous cut-out-to-be-a-founder traits. But we only hear about the ones who succeed. Survivor bias GALORE.

Dogs are one of the most inexplicable and wonderful elements of life on Earth.

Clever analogy. Very romantic, jumping and all. But dangerously weak. Yes, jump you must. But jumping is not your most valuable asset. Your most valuable asset is your willingness to measure the distance to the ground, to understand what 'velocity' means, and to have at least a half-assed design for some kind of plane... before you jump. 95% of startups fail. There is a reason. It's not because we need more jumping.

I believe starting a company is like jumping off a cliff and assembling a plane on the way down -- your willingness to jump is your most valuable asset as an entrepreneur.

@AMAZlNGNATURE Sweetie Pie

If you had him what would you name him?

His response: "Thank you, Bob. Understood, and agreed." That was it. Done and done. No wasted time or energy. So I spent that time and energy sharing this post instead. Hope it's helpful to someone.

For example, after the third or fourth spam-email nudge from one of these LP intro brokers, I responded: In my experience, this does not work for pre-seed funds raising less than $20M. There is just no extra vig to go around."

Emerging fund managers raising small funds (under $20M): I have a tip for you. Don't waste time on placement agents, LP Summits, allocator conferences and all of the other orgs that tell you they can help you meet LPs. Mostly, they won't. Mostly, they can't.