Boyd Translated

I found this somewhere. I don't recall where.


Boyd translated

Boyd said:   There is currently a lot of opportunity in online poker

Translated:  I think I can steal a lot of money with this plan

Boyd said:     We believe that if these ideas are implemented
successfully, we could generate as much as $25 million a year.  I’m
currently working on a more complete business plan, which I hope will be
finished in the next few weeks

Translated:  hey I have partners so I need to take more than I did before.

Boyd said:   The gambling business is one of the most lucrative in the
world.

Translated:  Just look at what I did with pokerspot player banks



Boyd said:   In 1998, the first online poker room, PlanetPoker.com, opened
its virtual doors.  Others soon followed, such as ParadisePoker.com,
Pokerstars.com, PartyPoker.com, and Ultimatebet.com.  

Translated:  God I hope they don’t know about pokerspot.

Boyd said:   While several cardrooms do well, many more are empty.  This
is because of the nature of poker.  

Translated:  I should know I killed one.

Boyd said:   With Rakefree.com, we believe we’ve come up with several
competitive advantages that will attract and keep a substantial player base

Translated: That is until we make off with the player deposits.
  
Boyd said:   The Rakefree.com cardroom’s main competitive edge will be
eliminating the rake, which is the fee collected from every pot by the
house.  

Translated:  We don’t need a rake. We are going to take off the investors
and also take the player banks.

Boyd said:   The Rakefree model will focus on longevity

Translated: If I can steal enough I can hide out for a very long time


Boyd said:   Somewhere in the software, probably at the cashier screen, we
will display to our users how much money they have saved by playing on our
site as opposed to our competitors sites

Translated: We will have a cashout button but it will not do anything

Boyd said:   Obviously, this fee structure means that the Rakefree.com
cardroom will not be making $50 million a year

Translated: But with a little luck I will 

Boyd said:   .  In 1999, I worked with a company called PSI Corporation,
which operated Pokerspot.com.  The site was the first to offer online
poker tournaments in September 2000, and we filed for a patent for online
poker tournaments in 2001

Translated: God I hope the investors don’t read RGP
  
Boyd said:   Besides the membership fees, once we have a player base there
are going to be other ways for this idea to make money.  

Translated:  Like I did from Pokerspot
  
Boyd said:   Initially, our marketing will be geared towards the existing
online poker players.  

Translated:  Except those that read RGP

Boyd said:   However, the real profits would come by allowing the
customers to connect to the tournament-only site and play against other
real players in freeroll tournaments and, if their state permitted it,
buy-in tournaments.

Translated:  That is how I did it at pokerspot

Boyd said:   By now, it should be apparent that this document does not
exclusively deal with a rake-free poker site.  The scope of what I would
like to do is quite large, and ideally we would go forward with all of
them.  To do it right would take a good amount of funding, and the ideal
figure would be $10 million.

Translated:  Hey suckers give me 10 Million

Boyd said:   However, if we choose to only focus on the rakefree.com
cardroom, we could do it for substantially less… but we’d still need a
minimum of $1.5 million.  Approximately $500k would be used to secure
proprietary software and the tournament patent from PSI Corporation (the
company which operated Pokerspot.com), $500k to setup and operate the
cardroom for the first year, and a minimum of $500k for marketing.

Translated: OK if you will not give me 10 Million how about 1.5 Million OK
OK I will settle for 500K

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