Category Archives: Company

Sports and Poker Collide

Have you heard of the Sports Legends Challenge? Well, you will. This event is a fun new first of its kind that I was lucky enough to become part of about 9 months ago. The people that came up with this idea were simply looking for a way to make really good poker for television. You see, they’d been watching TV and decided that televised poker was pretty boring. And they’re not alone.
So, they crossed the exciting ideas of professional-level poker, celebrity pro-ams, and reality TV to create the Sports Legends Challenge, the ultimate sports fantasy and casino event. Nothing like it has ever been done. Past events that were billed as sports fantasy usually consisted of average people trying to go up against professional athletes in their own sport, such as shooting free throws against Rick Barry, playing golf against Fuzzy Zoeller, or driving a race car to beat Richard Petty. These fantasy events pitting amateurs against professionals inevitably end in defeat, and in many cases embarrassment or injury. (image from wickedchopspoker.com)
The Sports Legends Challenge is not asking you to try to beat Kareem Abdul-Jabbar in the activity that he still holds the world record for. Instead, this innovative sports fantasy event is allowing you the chance to compete with AND against legends like Troy Aikman, Mark Messier, and Reggie Jackson in a completely different field where an average guy has a good shot of beating them—at the poker table.

What is the Biggest Reason why Someone would want to do This?
Just forget that the platform for the Sports Legends Challenge is 3 golf tournaments, 28 blackjack and slots tournaments, and 5 stand-alone No Limit Texas Hold ‘Em tournaments, each paying out thousands of dollars to the winners with a total prize pool of up to $10,000,000. Forget about the fact that participants will enjoy four days of lavish living, sumptuous eating, back-to-back parties and world-class entertainment. Ignore the fact that this is a nationally televised event that will give more than 2 dozen regular people the chance to become TV stars. The biggest reason that someone should take part in the Sports Legends Challenge is the unprecedented opportunity to spend four days surrounded by the most impressive names in sports, in poker, and in Hollywood in one of the most beautiful and illustrious resorts in this hemisphere, the Atlantis Paradise Island, Bahamas.

What Kind of Person Would Want to do This?
The Sports Legends Challenge is not for everyone. It was never meant to be. The perfect person for this event is the sports fan who understands the potential once-in-a-lifetime experience that comes from meeting one of their heroes. True fans of the game recognize the value in waiting 4 hours in a Cleveland convention center to shake hands with Jim Brown. A true sports fan will pull down his photo signed by Richard Petty to tell his grandchildren about meeting the King of NASCAR. The perfect person for the Sports Legends Challenge is the person who remembers the very first time he or she met Joe Namath, Sugar Ray Leonard, or Ozzie Smith and realized that these incredible sports figures were at the same time larger-than-life legends while being down-to-earth people who love the game as much as we do. The perfect target market for this event are the fantasy sports fans who will pinch themselves while not one or two, but 25 of the greatest Sports Legends spend not seconds or minutes, but days with them interacting as both a competitor and a teammate in the ultimate sports fantasy and casino event.

Why Now?
The current economic situation causes people to rethink what parts of their life have the greatest value. People today have learned that they need to actively pursue their dreams, that life is short, and that it is made up less-and-less by the things you own, but more-and-more by the experiences you’ve had and the people you’ve known. The SLC is part of an idea that is very much becoming a mainstream concept—the idea of living out one’s dreams. As Americans shuffle their ideals and begin to invest their money and time into things that are of greater worth, the types of real, life-changing experiences that money can’t buy become more important. The mainstream is coming to the understanding that life is short, it is made up of the things you’ve done, the places you’ve been and the people you’ve known. Fantasy sports events like the Sports Legends Challenge are creating opportunities for more people to experience more things and live better lives than they could before.

26% of People Don’t Know What Twitter Is

I joined Twitter on 27 June 2007. When I first got there, it was a fairly empty place and I left after just a few minutes. My first tweet, like so many others’, was something like:

Since that fateful day, I have watched as many others jumped on board the Twitter Train and made it “mainstream.” People like Robert Scoble and Guy Kawasaki and Oprah. Here I made a chart:

So with all this new press, the internet is becoming full of articles touting “why Twitter is a great new social media site.” But I want to draw attention to what Twitter REALLY is.

“Social Media Site” is the term invented for MySpace, Facebook, Bebo, Orkut and others to describe online networks where you create a profile and fill it with pictures and quotes and articles and friends. Social Media Sites were built on the idea of mutual friendship and willingness to exchange information. They are the most recent step away from the long-held traditional media pattern of broadcast communication of the few to the many. Now, with Social Media Sites, people, including bands, brands, and companies, are communicating one-to-one.

Well, Twitter is not a Social Media Site. It is not a static page consisting of a user-defined profile stocked with photos, quotes, links, and lists of friends. The very protocol defies the Social Media standard. You do not “Friend” or “Add” on Twitter. You “Follow.” There is no implied reciprocation. The list of people that you follow on Twitter is much more akin to the traditional media measurement of viewers or “eyeballs.” And we are again using a broadcast medium, the few to the many. If this were MySpace or Facebook, the numbers for “Following” and “Followers” would all be equal. (i.e. – “Friends follow each other”). Instead they look like this:
Those ratios defy the one-to-one idea of Social Media and are akin to the one-to-many target numbers of several forms of traditional media. So what is Twitter?

Twitter is the fastest form of user-generated broadcast media.

I found this last week by Stan Schroeder on Mashable: “Yes, we all know that Twitter is great for tracking conversations. [However, there’s also] been a lot of talk that its biggest strength is precisely its search. But sometimes it’s hard to fathom just how important this is. Google is the biggest entity on the Internet. It is synonymous with “search”. It feels like it’s been around forever. It is also not able to compete with Twitter.”

He does not say that Google can’t compete with MySpace or Facebook. Google owns a Social Media Site. What Schroeder says is that people are using Twitter as an ALTERNATIVE to Google. A peer-to-peer, unmonetized, predominantly unarbitrated search alternative in order to quickly gather information. This is not a new Social Media Site. This is a passing-of-power in the broadcast media field.

Who You Need to Run a Company

I have heard it too many times to even know if this needs sourced, but you need three things to run a successful company:

  1. The Right People
  2. Product(s)/Service(s) that Customers Want
  3. Customers

Although all three are worthy of a blog post (and have been written about ad nauseum) I want to write my current ideas on the 1st one. Who are the Right People?

I believe that every company really needs people who fill these five roles:

  • Idea Guy
  • Legal Guy
  • Numbers Guy
  • Sales Guy
  • Get Stuff Done Guy

Now, I don’t believe these need to be five different guys (or even “guys” at all, so don’t get hung up on the gender-specific pronoun, obviously these can be girls, too). What I DO believe is that these skill sets need to be represented in the company leadership or out-sourced to someone that can handle it competently. Here is what each role should be bringing to the table:

Idea Guy needs to have strategic long-term thinking. This would be a Marketing or Strategic Planning title at a big company. Someone with vision and lots of imagination. He sees opportunities in places that other people haven’t even thought to look. When you’re like, “What about an online video contest?” he’s already saying “And they can call in on their mobile phones and vote for their favorites– for $1.99 per call. Bam! Digital revenue stream.”

Legal Guy needs to love the law. He gets fired up about reading contracts, licensing, intellectual property ins-and-outs and any print smaller than 10 point font. Legal documents, IP/patents, and law suits are a common part of business today, so someone at your company needs to love it. LOVE IT!

Numbers Guy should also be Spreadsheet Guy. He doesn’t just like tables, charts and numbers, he has general ledgers printed on his bedsheets. This guy understands that money is making money even when it isn’t creating revenue from assets. He does percentages and long-division in his head, can give your company’s current cost per sale ratio in his sleep, and feels physical pleasure when the monthly account balances just right.

Sales Guy is your best friend and your worst enemy. He knows everyone and would rather be on the phone or in a meeting than working alone on his projects. Don’t ask him to do paper work, just let him create relationships and get other people excited about what your company does. The people who are best at this are True Rainmakers, not salesman-types looking for a quick deal or taking advantage of customers.

Get Stuff Done Guy is the Executor. It needs done, he finds a way to get it done. He is to a Gantt Chart as a 13-year-old girl is to WhateverLife. Put him in charge of your projects, your staff or your whole company and he will make sure it all gets done within scope, on time and under budget. Do you need to have a presence at a trade show in Albuquerque in 3 days? Give it to this guy and get out of the way.

In this essay by Paul Graham, he refers to Good People as “Animals” and illustrates them as: “A salesperson who just won’t take no for an answer; a hacker who will stay up till 4:00 AM rather than go to bed leaving code with a bug in it; a PR person who will cold-call New York Times reporters on their cell phones; a graphic designer who feels physical pain when something is two millimeters out of place.”

I think he’s on the right track. I would call these people Passionate, but that’s because I’m a soft/squishy Idea Guy and not a hardline Sales Guy or a straight-shooting Numbers Guy.