At The World Series Of Poker Two Founders Are Betting The Company — Literally
June 17, 2010 at 13:50 PM EDT
You've heard the term "betting the company," but have you ever known anyone who has actually done that? I mean literally. As in, they're playing poker with shares of the company on the line. Because that's exactly what Yammer founder David Sacks and Mahalo founder Jason Calacanis are doing at The World Series of Poker in Las Vegas. When Calacanis first tweeted about it, I thought it was a joke. He wrote, " Got a sick @WSOP Main Event Prop bet with @DavidSacks: 10,000 shares of Mahalo vs. 10,000 shares of @Yammer--whoever lasts longer #poker ". But I emailed Sacks to confirm, and sure enough, the bet is on. "Of course. Sucker born every minute ," Sacks wrote to us. He continued, " To be clear, these are personally-owned shares we're betting ."