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Mike Sexton lost $500mln by selling PartyPoker shares too early
Posted by Defrag, December 09
WPT commentator and player Mike Sexton recently was a guest of Joey “ChicagoJoey” Ingram podcast called "Poker Life". He discussed his poker career and many other interesting subjects such as $15,000,000 he made by selling shares of PartyPoker. A lot of money? Indeed it is, but by selling too early Sexton lost... $500,000,000!

Sexton, after all the yars, took down his first World Poker Tour title just last month and managed to pass $6 million in total live tournament earnings thanks to that. While Sexton has been very successful as a player, he has made even more money when he was involved with the start of the online room PartyPoker.

According to Sexton he eventually sold all of his partypoker shares for $15 million, but could have made up to $500 million by waiting a little more before selling his stake in the company.
“By selling my all stock, it only cost me about $500 million or so. But what’s $500 million here or there,” Sexton laughs as he reveals.

Michael Richard “Mike” Sexton was born September 22nd, 1947. He is an American professional poker player and commentator. He is also a member of the Poker Hall of Fame. At the beginning of his career Mike Sexton was a gymnast and attended The Ohio State University where he earned a degree in public recreation after changing majors from business. He jokes that he majored in poker because he played very frequently in college. He also regularly played contract bridge and taught classes on it in North Carolina.

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Featured Poker Blogs
You need some poker motivation? This should do.
Written by: Defrag, October 05
 
Games are getting tougher, winrates lower, rakeback and vip systems are going down, basically poker got harder to beat. However, there are still players that completely crush the games and make insane money.

Yeah, now he's gonna say "all you need is motivation and a strong will to learn and develop your skills". Sounds like bullshit right?

Check this archived post from 2007 from 2+2 forum, and then take the guess who is it from:
    "Ive made some posts here before, and ive met several of the members over aim conversations and the like. However, i am starting to feel like I am stuck in a hopeless situation. Every time i begin to do well, i have a huge roller coaster ride and end up broke again, ending up having to reload. Again I am down to my last 30$, and I just dont even know what to say. Its not like im out of money, but if i cant get my bankroll going, and i continue to be a marginal losing player, whats the point...

    read entire blog(14 comments)



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