Ebay Auction : Day 1
No bids yet. To everyone who emailed me about the auction, I'm sorry I haven't gotten back to you yet. It's been a busy weekend, and it's probably not going to get much better until I'm back home in Fresno next week... but I'm going to do what I can.
Here are some answers to some of the questions I received :
(1) Does the winning bid get advertising only or do they get a percentage of your winnings?
- The winning bid is for 50% of my gross earning in the described tournament AND a logo on my chest or head (again, provided it's reasonable i.e. not offensive or otherwise inappropriate).
(2) Have you drafted a contract?
- No, but that's a good idea and I intend to put my three years in law school to some good use and draft up a service agreement.
(3) If you're such a good poker player, why are you too broke to buy-in?
- I'm not. If the auction isn't picked up, I probably will just front the entire buy-in. But one of the secrets to surviving as a professional poker player is to not expose yourself to too much risk, and right now with the start of my new business I would rather not expose myself to the $3600 risk. It's all about money management, people!
(4) Why don't you ask one of the Crewmates to back you?
- Because, in the words of my grandfather-god-rest-his-soul, "Don't shit where you eat".
(5) Why don't you just go online and win a few grand? If you can't do that, why would I want to back you?
- I'll probably play a few tournaments on Party today. If I win a few grand, I'd still rather not expose myself to the full $3600 possible loss.
Here are some answers to some of the questions I received :
(1) Does the winning bid get advertising only or do they get a percentage of your winnings?
- The winning bid is for 50% of my gross earning in the described tournament AND a logo on my chest or head (again, provided it's reasonable i.e. not offensive or otherwise inappropriate).
(2) Have you drafted a contract?
- No, but that's a good idea and I intend to put my three years in law school to some good use and draft up a service agreement.
(3) If you're such a good poker player, why are you too broke to buy-in?
- I'm not. If the auction isn't picked up, I probably will just front the entire buy-in. But one of the secrets to surviving as a professional poker player is to not expose yourself to too much risk, and right now with the start of my new business I would rather not expose myself to the $3600 risk. It's all about money management, people!
(4) Why don't you ask one of the Crewmates to back you?
- Because, in the words of my grandfather-god-rest-his-soul, "Don't shit where you eat".
(5) Why don't you just go online and win a few grand? If you can't do that, why would I want to back you?
- I'll probably play a few tournaments on Party today. If I win a few grand, I'd still rather not expose myself to the full $3600 possible loss.
posted by Dutch Boyd at
05:56
5 Comments:
You say ,'Because, in the words of my grandfather-god-rest-his-soul, "Don't shit where you eat"' but shouldnt your friends be willing to buy a portion of your action if it is a +ev investment? If I were you, I would give my friends the first opportunity to take advantage of this deal.
This post has been removed by a blog administrator.
A few questions for you, Dutch. First, is the 50% return on your winnings (should there be any) pre or post-tax? Second, how would you go about assuring an investor that it was wise to trust you with their money given your history of treating other people's investments with not much respect? Third, if you were to finish in the money, how could your stake horse be sure that they would get their return in a timely manner, given your admitted tendency to be "sometimes flaky and oftentimes slow"?
I can't help but comment on Avenger's post...
>First, is the 50% return on your winnings (should there be any) pre or post-tax?
Avenger, re-read the post. Gross = pre-tax. Net = after taxes. Dutch wrote "Gross".
>Second, how would you go about assuring an investor that it was wise to trust you with their money given your history of treating other people's investments with not much respect?
What is he going to do, run off with it? Do you think that anyone trying to repair their image would run off with $3600? C'mon, use your noggin dude... It's unfortunate that you have formed an opinion of Dutch's character, not knowing anything but what you read of him. Would you appreciate it if someone formed an opinion of you based on what is written about you?
Dutch never treated anyone's investments with a lack of respect. He is simply a black sheep for the demise of Pokerspot. Plus, you're not going to meet very many people who start companies, have the company collapse, and then openly offer to pay back those who lost money. The very thought would never cross their mind.
>Third, if you were to finish in the money, how could your stake horse be sure that they would get their return in a timely manner, given your admitted tendency to be "sometimes flaky and oftentimes slow"?
I highly doubt this applies to financial situations. Have you ever read a complaint against him from any stake horse?
Does he have to answer that kind of question? Well, if you ARE the stake horse.
Brett Jungblut's opinion:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=19085&item=5949969591&rd=1
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