posted at 19:00
Author: Eugene Kim, Business Insider
Sun, 23 Nov 2014 03:00:00 +0000
Meet the best poker players in Silicon Valley
The guest list reads like a who's who of Silicon Valley's true elites: from Yammer founder David Sacks, SurveyMonkey's Dave Goldberg and Inside.com's Jason Calacanis to professional athletes and poker players, including the World Series of Poker champion Phil Hellmuth. Palihapitiya, who often walks off with the most chips, has played in some of the highest stake poker tournaments, including the World Series of Poker, where he finished 101st out of more than 7,000 contestants in 2011. "In general, great businessmen are great poker players. There's a reason these guys made so much money in the real world. Those skills translate to poker," Hellmuth tells us. "In general, great businessmen are great poker players. There's a reason these guys made so much money in the real world. Those skills translate to poker," Phil Hellmuth says. In traditional Texas Hold'em poker, each player is first dealt a set of two cards, which are not shown to others, and then a shared pile of five cards on the table. It's why good poker players know how to make the right decisions quickly and take risks when needed. Palihapitiya, who at age 26 was the youngest VP in AOL's history, says he doesn't have enough time to play poker as much as he used to anymore. He donated all of his winnings from the World Series of Poker to the Boys and Girls Club, while he's been hosting a number of different charity poker games that generate roughly $6 million a year.

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