Quote:
Originally Posted by yaaam1484
Crazy to start a poker site in 2016, let alone without tens of millions in ad budget.
And what's up with the UI, looks like Pokerstars in the early 2000s on Windows 98. Players these days expect minimum amount of clicks from opening app to action and not a ton of options. It should also be mobile first.
This is probably true re: the realistic funds needed for set up and marketing etc, which I think means that it is best to go for either a very basic affordable to build and run web site, or for a very expensive high end one.
The big risk in my opinion is falling between two stools.
On the face of it, this looks like a web site at the cheaper end, but I also notice that on the menu there is a Poker School with a referral to top coaches aspect (therefore an extra revenue stream), a Poker News section (presumably that can/will carry some advertising, so more extra revenue), and a Poker, Gaming and Trading Community section (presumably that can/will carry some advertising, so more extra revenue).
All 3 of these areas are far less or almost not at all advanced technology dependent for them to work and to be monetized.
By building a web site or business on the cheap you are not only lowering your own risk but you are more likely to be able to achieve a profitable exit strategy at some point because the base starting investment is relatively low, and you are much more likely to have much nearer to 100% equity in the business from the get go, so if you do need to raise investment in the future, you have plenty of equity available to sell to investors.
Assuming this is somewhat of an on a shoestring business set up, I think it is a sensible business strategy in a very competitive and possibly shrinking industry, where there are also present a number of volatile and unpredictable variables such as future changes in gaming and licensing laws and movement of money regulations.
Diversification within a business makes sense generally and this web site appears to be establishing elements of diversification in its original blueprint.
Last edited by SageDonkey; 12-13-2016 at 06:32 PM.