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The Contribution I Wanted to do after Black Friday |
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"Only those who dare to fail greatly can ever achieve greatly." Robert F. Kennedy
So as of now, I've stopped posting at P5s. Not because they weren't such a great site/community, its just that they are very US facing and I really didn't know what I should be doing with them as they have a lot of partner sites. But of course, I think I'm more comfortable here at LP. It took me a long time to come over here from LP but it gets friendlier every day keke.
Being an Executive or CEO of a start-up
What really defines an executive, is one that make decisive decisions...the hard decisions that no one wants to make or are too scared to make. The real executive seems to the guy who steps in and is contrarian, when everyone is just trying to save their jobs. I thought really highly of myself as a world class executive cause I was aggressive, ballsy and usually was the only one to make a clear statement.
But being a CEO and running a start-up is so much freaking harder- just because, as an executive, what major decisions you make either make more or less profit or revenue. As the CEO of a start-up it seems that every decision you make forces the company to move one entire way or another. It doesn't matter about how much money you have to spend, its a matter of where and when do you commit your capital to get what you want; and that main objective is to simply establish your company.
Establishing the Company
What does that mean, establish your company? For me in this uber competitive environment, it means make it clear what the company offers, stands for, essentially the brand. And while a lot of marketing guys think they know what a brand is or for a lot of people it sounds superficial; I'll say this, making a true brand is all about sincerity.
There isn't a brand in the world that has a clear life of its own that isn't authentic or sincere. The brand may represent something you like or don't like, but whatever it represents, it is authentic and sincere-otherwise, its just a fake ass brand which requires a lot of marketing dollars and spin to continue to live. Its kind of like a guy who really has great friendships by being just himself or a guy who tries to always impress the people around him by being charming etc. Same difference. So for me, I put this in front of the revenue, etc, cause until I can say, hey, our company really does stand for...abc...then I will know we'll be alright.
For the Ideals of a Company
So, today I made one of those decisions, I committed a bit of funds, not towards marketing, but just to define our brand. I allocated the funds with a zero return on spend, meaning, I don't expect to make anything from the 'event'. But I feel good about it because I feel that it really is a defining moment for our company. Basically I set up tournament for players who have been at a disadvantage of late due to the events regarding 'black Friday'. If you're interested in participating cause you are a US citizen and you're really bummed out, then PM me and I'll get you under LP etc. I don't know if it will really make you feel better, but its my hope for some players it will.
I kinda feel as though this is the decision that will truly define our company, and it seems like such a small thing, but I think in the future if I am to look back at this time, it will be the most critical time where Hero Poker became a real poker company and not just another skin.
Sorry for the vagueness, just PM if you want details if you are US player and just really bummed out.
Cheers,
Dave
Summary
-executives make hard decisions
-CEO of start-ups make life or death decisions
-brand or company identity is probably the most important thing
-I think I've made one of those critical decisions for the company's identity but it doesn't help revenues
-But to me, this worth much more than revenue now, I think its a defining moment for the company
-If you are a US player and just really bummed out because your bankroll is still pending,
PM me, I don't know if what I can tell you really will help, but its something sincere from Hero.
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vlseph United States. Apr 26 2011 18:43. Posts 3026 | | |
Is this basically a freeroll for US players only? It sounds like a great idea and a good way to bring people to your site while building a good reputation and for a good cause.
I was also curious as to how big you can build Hero Poker being that it is a skin and not an independent room like PokerStars and FTP, will this in any way limit your goals for Hero Poker? |
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| The only hands a nit balances in his range are the nuts, the second nuts, and the third nuts. | |
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Hero poker is lucky to have you on board. Fwiw, you always seem very open and sincere in your posts, and I'm sure alot of poker players appreciate that. Hope you guys have a lot of success |
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| there are no facts only interpretations | Last edit: 26/04/2011 19:48 |
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whamm! Albania. Apr 26 2011 20:08. Posts 11625 | | |
running your own network and handling all the backend is a logistical/legal nightmare, especially after all the FBI stuff. plus you dont have to start from a zero based player pool which is even more difficult. id say this is the best way but i think he eventually would consider running his own network once he learns everything and all the legal hurdles are clear cut. but yeah his site is some place i would play among merge networks out there, cant hurt to know how owns the room  |
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| | Last edit: 26/04/2011 20:09 |
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Spitfiree Bulgaria. Apr 26 2011 21:11. Posts 9634 | | |
np merge network will grow to be the biggest one in upcoming months - that event is extremely +ev cause you will get more people on your skin
unless the FBI stops it there will be a mini golden poker era at merge |
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@ vlseph well Merge is actually quite considerate to its networks and gives us a lot of freedom to do things if we take the time to differentiate ourselves, but in how big a skin can be, the best example would be to look at Titian poker on ipoker. It's hard to say if going it alone is really possible nowadays, even if I were to get lots of liquidity, but being one of the flagship brands of the network I think is a reasonable goal in the face of how competitive things are. Of course it would be dream be a stand alone site and really rock it the way I'd like to, but I think I would still cooperate with Merge on some level because I really appreciate their company culture.
@the cleaner: thanks ^^
@whamm! agreed and thanks, the main thing is having great customer service and a strong security fraud team besides even having a stable, secure and scalable client- sounds simple but it is a lot of diverse knowhow and specialists involved.
@spitfiree: Merge is likely to be in the top 10 of player liquidity # in like 3 days from 10 days ago when it was 26, and it very well could be that mini-golden poker era, but again, the way really isn't that clear, but for Hero I've been working with advisors to structure our company different and this will affect how we approach certain markets.
Cheers,
Dave |
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do you think merge will be open to US players for a long time into the future? sportsbook set a may1 deadline for us deposits ?? |
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| | On April 27 2011 03:24 traxamillion wrote:
do you think merge will be open to US players for a long time into the future? sportsbook set a may1 deadline for us deposits ?? |
There will be sites that really won't care and be open to US players indefinitely unless the DOJ was to step in, but I'd say we are also considering a similar stance.
I do not know their reasoning behind it, but they may be doing their own payment processing as well, but I'm not sure about that. |
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