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What happens when you build a fortune, lose everything, and have to start over? Rafe Furst went from selling a startup for millions, to winning a World Series of Poker championship, to investing in one of the biggest online poker platforms ever—Full Tilt Poker. Then, in 2011, it all came crashing down when the U.S. government shut down Full Tilt, freezing company funds and leaving him in legal and financial turmoil. In this episode, Rafe opens up about: The high-stakes world of poker, startups, and venture capitalHow he made his first million—and what he'd do differently todayThe Full Tilt Poker collapse and its life-changing consequencesHis mental and emotional breakdown—and the road to recoveryHis new mission: helping entrepreneurs and investors beat the system This is a raw, eye-opening conversation about risk, failure, and reinvention. If you've ever hit rock bottom (or feared it), this one's for you. Listen now! Check out more from Rafe Furst and get his new book here: https://www.rafefurst.com/ #LeadersLeadPodcast #RafeFurst #Entrepreneurship #Poker #Startups #Resilience #VentureCapital #Storytelling
Venture Capital Insights: A Journey with Rafe FurstI'm thrilled to share the latest episode of our podcast, where I had the pleasure of chatting with the incredible Rafe. This guy is a powerhouse: a five-time founder, two-time unicorn venture capitalist, World Series of Poker champion, and soon-to-be author of "The Future of Venture Capital," coming in early 2025. Here's a sneak peek into our conversation that you won't want to miss:Key Takeaways from Rafe's JourneyFrom Venice Beach to Stanford: Rafe's entrepreneurial spirit sparked early in Venice Beach, selling electroplated jewelry. His academic journey at Stanford in AI during the late 80s and early 90s set the stage for his tech ventures.Bootstrapping to Success: Rafe's first venture, "Pick'em Sports," was a precursor to daily fantasy sports, leading to a successful exit. He emphasizes the value of bootstrapping and the lessons learned from early entrepreneurial efforts.Poker Champion Insights: Winning the World Series of Poker taught Rafe about risk management and strategic thinking. His poker journey also led to launching a company focused on teaching poker strategies.Venture Capital Wisdom: Rafe's venture capital philosophy includes understanding market volatility and the concept of the "anti-portfolio." He shares candid stories of passing on investments like StubHub, Coinbase, and Airbnb, while celebrating successes like Full Tilt Poker and Bitcoin.Future of Venture Capital: Rafe's upcoming book explores evolving VC strategies, advocating for a diversified investment approach. He draws parallels to "Moneyball," focusing on undervalued opportunities and the importance of founder characteristics.AI and Blockchain Potential: Rafe is excited about AI enhancing human capabilities and the rise of decentralized autonomous organizations (DAOs). He believes these technologies will revolutionize business and corporate governance.Family Offices and Innovation: Rafe encourages family offices to embrace AI and innovative strategies to compete with larger VC firms. He highlights the growing trend among younger generations to leverage technology for impactful investments.Why You Should ListenReal Stories, Real Lessons:** Rafe's journey from a young entrepreneur to a seasoned VC offers invaluable insights.Future Trends:** Get ahead of the curve with Rafe's thoughts on AI, blockchain, and the future of venture capital.Personal Growth:** Learn about the importance of vulnerability, authenticity, and balancing success with meaningful relationships.Tune In!Don't miss out on this episode packed with wisdom and actionable insights. Whether you're an entrepreneur, investor, or just curious about the future of venture capital, this conversation is for you.Send us a textConnect with Kip on LinkedInhttps://www.linkedin.com/in/kipknippel/Watch Bite-Sized Clips on YouTubehttps://www.youtube.com/@capitalistculture/shorts
#061: "All the darkness in the world cannot extinguish the light of a single candle.” - St. Francis Of Assisi*Trigger Warning: In this episode, you'll hear some sensitive topics. So if you got little ones around, please grab your headphones now.Today's interview is my new friend, Rafe Furst, an accomplished entrepreneur, tech investor, and world champion poker player. Take about twists and turns, surviving rollercoasters of ups and downs, to realize you are a spiritual being having a human experience. In today's interview, we dive into:Rafe's origin storyAssociation & relationship with the word 'game'Startup lifecycle of Pick'em SportsWinning a World Series of Poker Championship Bracelet in Pot Limit Hold-emSpirituality: Series of events that led to his spiritual awakeningDo the end justify the means?What does 'energy' mean to Rafe?Advice he would share with people that want to start feeling more.Join our Boom Vision family and hit subscribe!➡️ Follow me on Instagram @benjaminyehIf you'd like to get the links and show notes for this episode, head to:https://www.benjaminyeh.com/ep-61-poker-game-of-life-spirituality-w-rafe-furst
Is cancer a byproduct of the evolutionary process? In this podcast, we are joined by Rafe Furst and Dr. Henry Heng to address questions like this. Rafe Furst is an entrepreneur, investor, and on the board at the Prevent Cancer Foundation. Dr. Heng is returning guest from the Center for Molecular Medicine and Genetics at Wayne School of Medicine. Both Dr. Heng and Rafe Furst are passionate about cutting-edge cancer research, and in this episode, they share their thoughts on their discoveries about the evolutionary mechanisms of cancer. Tune in now to hear them discuss: How approaching cancer from an evolutionary standpoint may be a key factor in further research. The interconnectivity between genome coding and cancer cell replication. How the treatments we are currently using to fight cancer may be doing more harm than good. Hear them discuss this, and how understanding the integral facts about cancer cells is crucial for the progression of this research. You can find Henry Heng's book, Genome Chaos: Rethinking Genetics, Evolution, and Molecular Medicine here, and explore his recent work here. Additionally, keep an eye out for Richard Jacob's book co-written by Henry Heng, Finding Genius: Understanding Cancer, coming out in the next couple of weeks. For a limited time, Finding Genius Podcast listeners can get up to $800 off MSRP on Echelon workout equipment. To receive this exclusive podcast discount, text GENIUS to 818181. Message and data rates may apply, see store for details. Episode also available on Apple Podcast: http://apple.co/30PvU9C
It is seldom mentioned that Charles Darwin's Origin of Species failed to deliver what the title promised. The mechanisms in his book only deliver microevolution but not macroevolution. Henry Heng discovered a major puzzle piece in his study of cancer and it's called "Genome Chaos". Rafe Furst, a longtime collaborator of Henry's, joins us in exploring the real mechanism of evolutionary change and the true reasons for sexual reproduction. Rafe wrote a summary of Henry's work here. You can buy Henry's book here. Rafe and Henry are starting a working group to explore evolutionary state-of-the-art breakthroughs and you can join their list by sending an email to genomearchitecturetheory@gmail.com. See acast.com/privacy for privacy and opt-out information.
Robbie and Bruce recap their home games, played both online and in person. Bruce lost two whole dollars, while Robbie’s Dad came back to the home game after a on over 6-month-long hiatus. Two of poker’s legendary Tiltboys, Dave Lambert and Paul Swiencicki join the hosts for a wonderful interview about the history behind their home game, over 25 years of playing poker together, the many amazing stories they have to share, and a book that chronicled their adventures over the years. Other famous Tiltboys members include Phli Gordon, Rafe Furst, and Perry Friedman. Finally, Bruce shares a funny One Outer detailing the perils of screen sharing while on Zoom for an online poker home game.
Rafe Furst, graduate from Stanford in computer science, has seen his share of swings in the tech and business world, having been involved with startups since the mid 1990’s. He’s also an avid poker player, both in private games and public tournaments, once winning a World Series of Poker Championship. He’s raised millions for charitable causes over the years and is currently a pioneer in Quantitative Venture Capital, a nascent field based on the convergence of equity crowdfunding, complexity economics and securities law reform. I asked Rafe to be on the podcast because of an intriguing question he asked me during our first phone conversation. I was telling him about the 7 Habits of the Whole Life Challenge, and he posed a question, “What if there were an 8th Habit that you inadvertently built in without knowing it - the habit of good decision making?” I needed to know more... Inherent to the WLC as well as pretty much anything in your life is the necessity to make decisions. Some are easy, every day, almost automatic - habitual. Others are clear, obvious choices that have far-reaching implications for your life. The place that people get tweaked is when they mix up evaluating the quality of the decision with the outcome or result. Good decisions can lead to undesirable outcomes. An example from poker - you can make every right decision and still lose a hand. You can also make every right decision in a given evening a still lose all your money. It’s the trap that a novice player falls into - looking at the result (I lost all my money), and questioning your decisions (I must have made bad ones). Instead, Rafe looks at his success over the long term, knowing that if he continues to make good decisions (regardless of the immediate outcome), he will eventually get the outcome he wants. Do you see the parallel to health and fitness? Wow… it hit me like a brick in the forehead. People start making good decisions each day… and if they don’t see the result they expect relatively quickly (losing weight, fitting into clothes, dropping dress sizes, achieving a certain score or time for a workout), they judge their decisions as bad or wrong and quit. Or, they achieve the result they expected and quickly forget that they need to continue to make the good decisions that got them there (the yo-yo diet syndrome).
Episode 206: How Chance Barnett and Rafe Furst started Crowdfunder Joe and Dean discuss the advantages crowdfunding offers entrepreneurs for starting and growing a business The biggest crowdfunding risk and the best way around it One of the newest ways to gain access to more investment opportunities and higher returns The future of business, making money and the exponential technologies driving all of it
Special guest 3rd host (and song parody artist) SrslySirius joins us. We do the first-ever interview with the girl behind the viral video "Spartan High School Style". We discuss the alleged scam poker training site "Poker Players Academy", which involved Kathy Liebert and others. We talk about Rafe Furst's civil forfeiture deal with the DOJ, related to the Full Tilt fraud. Phil Ivey's new Full Tilt screen name is revealed. Druff gives his thoughts on the new Jennifer Harman reality show on TLC. Druff tries to get out of serious "hamburger debt" to Drexel. Drexel updates us on the "bad karma" he received from last week's sushi debacle. Druff reveals a very personal story from a relationship he had in the '90s. We check in with user "Jeanriders" regarding the Aria's attempt to get multi-hand poker working. badguy23 does his usual end-of-show call-in.
Special guest 3rd host (and song parody artist) SrslySirius joins us. We do the first-ever interview with the girl behind the viral video "Spartan High School Style". We discuss the alleged scam poker training site "Poker Players Academy", which involved Kathy Liebert and others. We talk about Rafe Furst's civil forfeiture deal with the DOJ, related to the Full Tilt fraud. Phil Ivey's new Full Tilt screen name is revealed. Druff gives his thoughts on the new Jennifer Harman reality show on TLC. Druff tries to get out of serious "hamburger debt" to Drexel. Drexel updates us on the "bad karma" he received from last week's sushi debacle. Druff reveals a very personal story from a relationship he had in the '90s. We check in with user "Jeanriders" regarding the Aria's attempt to get multi-hand poker working. badguy23 does his usual end-of-show call-in.
Badugi All-Stars - A poker podcast with news, strategy, interviews, and humor
Nixon and guest host 2fouroffsuit talk about playing on Merge, the latest Full Tilt Poker news, and who really owns the podcast. Guest delcrossb discusses teaching math, playing Portal 2 with Tecmo, and his withdrawals from online poker.