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

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Mon Mar 31, 2008 2:05pm EDT

CardRunners' Taylor Caby, to Discuss Poker: Training Ground for Finance at NYU
Stern Business School
Young Poker Entrepreneur to Address Similarities of Poker and Finance-
Including-Risk Assessment, Situation Analysis ... and the Fine Art of Reading
People

    NEW YORK, March 31 /PRNewswire/ -- 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.
SOURCE  CardRunners.com

Carol Strauss Klenfner of Susan Blond, Inc. for CardRunners.com,
+1-212-333-7728 x 111, carolk@susanblondinc.com
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