Finance Articles

CardRunners' Taylor Caby, to Discuss Poker: Training Ground for Finance at NYU Stern Business School

New York, NY (PRWEB) March 31, 2008 -- Taylor Caby, 24, the poker entrepreneur who co-founded CardRunners, the leading poker instructional community, is set to headline a panel at NYU's Leonard B. Stern Business School on Tuesday, April 1 at 7:30-9:30pm. Hosted by the NYU chapter of the Harvard Law School-based Global Poker Strategic Thinking Society (GPSTS), the discussion will center on the links between success at the poker table and at the boardroom table. The discussion is open to the public and will be held in room UC60 of Tisch Hall (Stern Building) at 40 West 4th Street, New York, NY.

Caby is uniquely well suited to talk about this nexus of finance and poker strategies.

As a college student, he started a business in his dorm room and with no training, solely using logic and ingenuity gleaned at the poker table, he parlayed his "freshman $50" into a multi-million dollar operation by the time he graduated. In the process, he revolutionized the game of No Limit Hold'em by applying his finance background, analytical mind and singular determination to play aggressively -- applying pressure at a frequency higher than any of his opponents. CardRunners now has over 10,000 monthly subscribers, $3million in 2007 sales, and a continuous growth rate, making it one of most profitable and fastest-growing companies among those in the poker industry that don't offer gambling.

The skill set for poker and business overlap more than one might initially think. "Playing poker for three years before founding CardRunners helped develop my critical thinking skills despite my age and lack of formal experience in the business world," said Caby. "Being able to tackle all decisions from a logical, non-emotional standpoint is one of the keys to both being a successful poker and running a growing business. In fact, I owe much of my business success to skills developed at the poker table."

The NYU discussion is part of a series of forums, summits and speaking engagements sponsored by GPSTS on various college campuses. The NYU Stern event is also co-sponsored by the NYU Professional Development Society and the Quantitative Finance Society.

About Cardrunners

CardRunners.com is the premier online learning community for poker education. Catering to players ranging from beginner to expert and casual to serious, CardRunners provides a wide variety and depth of exclusive educational resources, all with the single-minded focus of becoming a winning poker player. CardRunners' original, dynamic and interactive content comes from some of the world's best poker minds -- self-made poker millionaires in their early-mid twenties who started the business in their dorm rooms at the University of Illinois in 2005 with an initial investment of $10,000. Last year, CardRunners generated upwards of $3 million in revenue with 10,000 subscribers who each pay $100 to join and $25 per month. Subscriber retention is high; seventy per cent of CardRunners subscribers make more than $500 per month playing poker.

Contact:

Carol Strauss Klenfner

Susan Blond, Inc.

212-333-7728 x 111

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