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Haney: The best poker player captures exponentially more winnings than competitors

Derek Haney · 747: This This Six Figure Poker Player Quit to Launch Agency · Aug 10, 2017 · at 3:53

Derek Haney, CEO of Volpine Interactive and former professional poker player, explains why top-tier skill ceilings dictate poker profitability.

0:00 / 0:14exact quote · 15.0s
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“The best player at the poker table is the one that makes all the money. The second, so it's like, it's a logarithmic scale. It's like, the best player makes, you know, twice as much as the second best player who makes twice as much as the third best player, and then everybody else doesn't make anything. They're all losers.”

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More from Derek Haney

Disclosure
Haney blew half of his $50K initial funding on business conferences
“I literally spent half of that 50,000 on going to conferences and events around the United States”
Derek Haney Aug 10, 2017 ▶ 6:34 747: This This Six Figure Poker Player Quit to Launch Agency
Disclosure
Haney will shut down Volpine if it misses $50K MRR by December
“If we don't hit 50 K monthly recurring revenue by December, we're going to stop doing what we're doing.”
Derek Haney Aug 10, 2017 ▶ 12:06 747: This This Six Figure Poker Player Quit to Launch Agency
Disclosure
Haney funded Volpine Interactive with $150K from poker savings and an investor
“2015, we got funding 50 K from a poker friend of mine, combined that with my poker bankroll, which I was still using to play poker, and so then I kind of withdrew the bankroll from poker. It was a little over a hundred K. Okay. And so, so basically a 150 or so…”
Derek Haney Aug 10, 2017 ▶ 5:28 747: This This Six Figure Poker Player Quit to Launch Agency
Disclosure
Haney: Made mid-six figures working three hours daily playing poker
“I was making mid-six figures and working three hours a day.”
Derek Haney Aug 10, 2017 ▶ 2:17 747: This This Six Figure Poker Player Quit to Launch Agency
Disclosure
Haney: Volpine co-founders currently take $5,000 monthly combined salary
“My wife and I are co-founders in this, and we pay each of ourselves, 2500 dollars a month, so right now we make five pay a month.”
Derek Haney Aug 10, 2017 ▶ 7:18 747: This This Six Figure Poker Player Quit to Launch Agency
Disclosure
Derek Haney: Volpine reached $15K MRR and is closing deals toward $30K
“Last month was 15 K, and this month we're really close to closing two or three more deals, which should put us really close to 30 K.”
Derek Haney Aug 10, 2017 ▶ 12:15 747: This This Six Figure Poker Player Quit to Launch Agency
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