People are born, grow up, grow old, and die. Businesses are born, mature, and die. Most businesses that were around 100 years ago aren’t around today — technology gets outdated, CEOs die off and the corporate bureaucracy stifles adaptation. Poker, like any other business, has a finite lifespan.
Take a look at the graph below. The most of amount of profit potential is in the “development” and “introduction” phase. Starting a business in these two phases, however, carries a phenomenal amount of risk. A lot of industries look like they’re in the “development” and “introduction” phase before stalling. The “growth” phase is where you wanna break into the industry. The early pioneers have proved that the industry is profitable and they have developed successful strategies that you can imitate and improve on.