Phil Galfond to Start a Poker Site (Launched) - Page 58 - Poker News

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Phil Galfond to Start a Poker Site (Launched)

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10-01-2017 , 09:52 AM

#1426

SalmoTrutta

grinder

Join Date: Nov 2016 Posts: 673

I liked the podcast. I trust them to release when they are ready. Fingers crossed for spring -18 at the latest.

10-01-2017 , 10:12 AM

#1427

spw

centurion

Join Date: Jun 2017 Posts: 154

so many haters lol. Cheer up guys

10-01-2017 , 11:03 AM

#1428

upswinging

banned

Join Date: Jan 2017 Posts: 839

Quote:

Originally Posted by restorativejustice

"You either die a hero or live long enough to see yourself become the villain"

he never was a hero? those who thought he was were gullible to believe in what he said, not what he did.

10-01-2017 , 12:10 PM

#1429

dingdongdonkey

banned

Join Date: Jun 2017 Posts: 1,061

Quote:

Originally Posted by MagikarpFTW

www.runitoncepoker.com

10-02-2017 , 01:40 PM

#1430

blitzT4M4Y0theGOAT

adept

Join Date: Nov 2014 Posts: 1,064

Lmao. www.runitoncepoker.com thats ridiculous
Virtue poker taking the lead in upcoming poker platforms for sure

10-02-2017 , 06:30 PM

#1431

bustobrah

enthusiast

Join Date: Mar 2017 Posts: 93

Has it been discussed what kind of effect it will have on bringing in new players to the game and keeping old recs in the game by having the training site attached to the poker site, and just poker in general?

What was the general opinion if one was formed?

10-02-2017 , 07:29 PM

#1432

blitzT4M4Y0theGOAT

adept

Join Date: Nov 2014 Posts: 1,064

Go ahead Galfond, answer the man

10-03-2017 , 01:42 AM

#1433

LektorAJ

Carpal \'Tunnel

Join Date: May 2014 Posts: 7,826

Quote:

Originally Posted by bustobrah

The name for this product hasn't been announced yet AFAIK. if the name is different then the vast majority of customers won't know about the association.

10-03-2017 , 02:35 AM

#1434

GazzyB123

Pooh-Bah

Join Date: Jan 2012 Posts: 5,965

Jason Mo is the human equivalent of when you get out the shower in the morning and it's freezing cold and you stub your wee toe on the door.

10-06-2017 , 01:07 PM

#1435

DeuceOTR

centurion

Join Date: Jun 2014 Posts: 186

Anything new?

10-06-2017 , 01:15 PM

#1436

+VLFBERH+T

grinder

Join Date: Mar 2013 Posts: 657

No.

10-06-2017 , 07:18 PM

#1437

bustobrah

enthusiast

Join Date: Mar 2017 Posts: 93

Quote:

Originally Posted by LektorAJ

The name for this product hasn't been announced yet AFAIK. if the name is different then the vast majority of customers won't know about the association.

Hm, now that you mention it I don't think there has been an official announcement.

That being said, the comments in the RIO thread seem pretty telling that it'll be called RIO, or RIO poker, and the current RIO site will become RIO training..

Quote:

Launching a site isn't easy, as I know you know. The experience of building Run It Once Training from scratch not only taught me a lot"

Quote:

Thank you (and your buddies) for playing on Run It Once in the future!

Quote:

If you're interested, send an email to jobs@runitonce.com

Quote:

Quick question, would the site have the option to Run It Twice? :P
So excited for this! best of luck Phil!

Quote:

Phil Galfond a year ago
There have been some heated internal discussions on this

11-10-2017 , 05:07 PM

#1438

kingalfonso

banned

Join Date: Nov 2017 Posts: 12

is there going to be a pokersite or not?

11-10-2017 , 05:49 PM

#1439

bumpnrun

veteran

Join Date: Jul 2008 Posts: 2,887

Change OP to “Phil Galfond has seen sense and isn’t going to open a poker site”

Sent from my iPhone using Tapatalk

11-10-2017 , 05:57 PM

#1440

mrno1324

veteran

Join Date: Feb 2016 Posts: 3,055

Quote:

Originally Posted by kingalfonso

is there going to be a pokersite or not?

One day. One glorious day.

11-10-2017 , 06:54 PM

#1441

PTLou

JellyBean

Join Date: Nov 2008 Posts: 5,516

no... galfond got blockedchained

11-10-2017 , 07:16 PM

#1442

Husker

Carpal \'Tunnel

Join Date: Feb 2007 Posts: 12,876

Quote:

Originally Posted by mrno1324

One day. One glorious day.

What a day it will be. 5 regs sitting at a table with a fish and a 17,000 waiting list.

11-10-2017 , 07:37 PM

#1443

SageDonkey

banned

Join Date: Jul 2010 Posts: 2,743

Quote:

Originally Posted by SageDonkey

News Headlines on the day that RIO Poker is launched:

Barron Trump sworn in as US President

Apple release the I-Pad 47 Internal Brain Chip Mini

2 million people line the streets of London for the state funeral of (Prince) King William V

Newcastle United lift The Champions League Trophy

Since the time of my post above on 26th August..... Kate Middleton, The Duchess of Cambridge has announced she is pregnant expecting her and Prince William's third child, and Prince Harry is on the verge of announcing his engagement to Meghan Markle.

So this is actually very good progress for RIO Poker. As the British monarchy moves on a pace, so will RIO.

11-11-2017 , 05:03 AM

#1444

PrsHarlequin

grinder

Join Date: Oct 2012 Posts: 647

wait is RIO Lizzie's super secretive offshore venture

11-11-2017 , 09:51 AM

#1445

Maximus122

adept

Join Date: Jul 2013 Posts: 885

He must be losing a fortune if he's been paying people full time salaries to work on this site for the last year

11-11-2017 , 11:17 AM

#1446

SageDonkey

banned

Join Date: Jul 2010 Posts: 2,743

Quote:

Originally Posted by Maximus122

He must be losing a fortune if he's been paying people full time salaries to work on this site for the last year

These kind of projects are usually funded mostly with investors' money by selling them equity in the company and keeping some equity for yourself.

So it's more likely that he is freerolling some equity in the company and possibly picking up a regular salary as chief executive of the company.

Obviously the above is conjecture by me about the business structure but it is in line with the norm for the majority of start ups, particularly when they are businesses that operate mainly on line.

However, the burn rate may become an issue the longer it goes on without launch.

11-11-2017 , 11:21 AM

#1447

Nooseknot

banned

Join Date: Oct 2017 Posts: 1,051

It can't launch, the barrier to entry into the industry is effectively infinite. Phil's just finding this out the hard way. There is new technology that allow start ups to bootstrap with a dramatically reduced cost and if he doesn't start considering this technology he's going to go broke. A few posters new this and were scoffed at but now with an indefinite launch date and new word or news after a year its getting obvious.

Must go server-less otherwise he's using an outdated model that won't compete in the new age.

11-11-2017 , 11:48 AM

#1448

SageDonkey

banned

Join Date: Jul 2010 Posts: 2,743

Quote:

Originally Posted by Nooseknot

I'm not sure if this is necessarily true. If he can overcome software complexity and licensing issues then I don't see why he can't use the more traditional technology.

Then the challenge of course is to procure a large player base.

I am very interested to see how they do with this and if RIO ends up selling its soul to the devil by offering casino games as well as poker, I sincerely hope it doesn't. A poker only web site would differentiate it from most/all others and be a key USP for new customers.

11-11-2017 , 11:56 AM

#1449

Nooseknot

banned

Join Date: Oct 2017 Posts: 1,051

Quote:

Originally Posted by SageDonkey

. If he can overcome software complexity and licensing issues then I don't see why he can't use the more traditional technology.

I am under the impression this is where he is sinking. Is there software?

Nonetheless new sites are going to be offering games with dramatically reduced rake and/or increased rakeback programs as their models grow. He has to join that movement or he'll never even get off the ground.

11-11-2017 , 12:30 PM

#1450

SageDonkey

banned

Join Date: Jul 2010 Posts: 2,743

Quote:

Originally Posted by Nooseknot

Yes probably the software needed is way more complex than it might first have appeared, particularly in terms of detecting collusion, third party software and bots.

I agree with the principle of block chain/server free technology being the way forward and much lower cost for everyone, but have doubts about how soon it will be adopted by the major poker providers, or accepted by the bulk of players as a safe and normal way of playing.

The whole on line poker market is also under threat of player per site dilution if most of the announced/rumoured new sites launch.

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