I’ve been chatting with lotsa mathematicians—John Kleinberg, Steve Strogatz, Luis von Ahn, Iain Couzin, etc. New players were constantly being recruited, and they honed their card-counting skills for months before they were allowed to go to a casino and bet with the team's money. Now a serial entrepreneur, Ma explains how his skills crossed over from the casino to the C-suite. If the company is successful, is the market big enough to provide billions of dollars from customer demand? After four months of practice, Ma began going to Las Vegas, Chicago, and Louisiana with the team on the weekends.

After selling the first two to Yahoo and Virgin, earlier this month he sold developer-management tool tenXer to Twitter for close to $50 million.Like many startups, the MIT Blackjack Team was funded by investors.

One thing is to not be myopic, do not be loss-averse. He graduated from Phillips Exeter Academy.

".As a startup founder, Ma delegates responsibilities in the same way. His time in Vegas, in sports and as an entrepreneur make him one of the leading speakers on how big data is changing the world. "Your natural inclination is to do everything yourself, but you need to trust your employees and give them responsibility, or else you can't grow as an operation," he says.Whether Ma is betting on a new startup or gambling, he says there are three pillars that you need to have in your organization: vision, opportunity, and team.

Ma’s speeches are entertaining, accessible and informative as he weaves tales of winning millions of dollars at the tables with discussing stats with the like of Jerry West, Billy Beane and Bill Walsh with stories of how avoiding cognitive biases can grow your business. Do not think about what you can lose, but what you can gain," he says. Jeffrey has 11 jobs listed on their profile.
We would like to show you a description here but the site won’t allow us. Similarly, he says, when running a startup, you need to be collecting, tracking, and analyzing as much data as you can.While under pressure in a casino, he adds, the worst thing you can do is to become emotional or rely on superstition. "Ultimately, the team is the biggest one. He used his skills at blackjack to launch, build, and sell three different startups.

".Jeff Ma won millions as a member of the famed MIT Blackjack Team. "In blackjack, there's a notion that you can do this on your own: 'I'm the best at counting cards and I'm good at the math,'" he says. I have a pop-science book due with Random House later in the year and was wondering if you might have a couple minutes for an interview? But Ma's story was far from over. (Photo courtesy of Jeff Ma) In 20 years as an entrepreneur and founder, Jeff Ma learned a thing or two about startups. In 1998, on a riverboat casino on the Red River in Shreveport, Louisiana, the.Eventually, the casinos refused to let the team--which won so frequently by using sophisticated (and perfectly legal) card-counting techniques--play anymore. "You need to overcome emotional biases through data and analytics. Jeff Ma dining with his son in the San Francisco Bay Area. Now a serial entrepreneur, Ma explains how his skills crossed over from the casino to the C-suite. Ma is currently the Senior Director of Business Insights at Twitter.Congrats on the new book! He was the basis for the main character of the book Bringing Down the House (where he was renamed Kevin Lewis) and the film 21 (where he was renamed Ben Campbell). That's essentially what blackjack is. In April of 2015, tenXer was acquired by Twitter.

Eventually, thanks to his card-counting acumen and calm under pressure, he was designated as a big bettor--he was one of the members who only bet big, while others made small bets or acted as spotters to alert the bettors to which decks on the floor were the most favorable. Audiences across the globe have listened intently to Ma tell a story and deliver a message that no one else can.In 2012, Ma founded a company called tenXer with the vision to revolutionize human capital management by using data and analytics to create better management, recruiting and evaluation tools.
I’ve got an idea for Fantasy Sports that I think could change the way it’s played and wanted to get some feedback to see what you think.Fill in your details below or click an icon to log in:Atlassian Summit 2012, osa 2 « Hello World,$100,000 lessons from the World of Blackjack | Future Of Project Management. ",To keep the blackjack team profitable, Ma says, members were taught to work in teams and constantly recruit new talent.

"But to be effective, you need to bring in talented people to act as spotters or smaller bettors. You need to believe in the team and believe that the team can execute," he says. "During blackjack, we collected everything we could." "I miss the feeling of when the team went into a casino and tried to beat the house. While running a startup, the same is true. ".Ma says the MIT team was centered on data and analytics.


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