Fedor Holz talks about his plans after poker. David Peters discusses his feelings about beating Holz for Player of the Year. The PokerStars Caribbean Adventure reboots under a new name. These stories and more in this weekend edition of the Hit and Run.
Forget Poker, Venture Capital is the Real High-Rolling
The young German prodigy Fedor Holz surprised everyone this summer when, at the top of his career, having just won the $111,111 One Drop High Roller at the World Series of Poker, he announced that he was retiring. Shock quickly turned to hilarity as he proceeded to show up at six-figure buy-in tournaments and crush them as he always had. “Holz is great at poker but terrible at retirement” became a much-paraphrased joke in poker media circles. Holz himself eventually joined in.
— Fedor Holz (@CrownUpGuy) September 12, 2016
In a recent interview with PokerCentral, however, he has reiterated his intention to leave the game, while being more specific about what his post-poker plans are. Those focus around a company he has set up in Vienna to provide loans for individual entrepreneurs and start-ups. Venture capital, in other words.
It’s a very natural move, in a sense; one thing that veteran poker players have always done with their money, throughout the history of the game, is to stake up-and-coming players and help them establish their careers, in return for a cut of the profits. Venture capital is essentially the same thing, requiring many of the same skills… but for potentially much higher stakes.
– One beneficiary of Holz’s retirement is David Peters, who snuck past him in December to win both Card Player and GPI Player of the Year. Peters spoke to PokerNews about what that means for him.
– The PokerStars Caribbean Adventure is no more, but its replacement, the PokerStars Championship Bahamas is now underway. Its 100k High Roller ran today, with Jason Koon coming out the victor.
– Western audiences may have had mixed feelings about the first season of the Global Poker League, but Indian site Adda52 sees potential. Given attitudes towards gambling in India, “sportified” poker may be just the ticket.