I’d be down for this/have wanted something like this for remote friend groups like founders, but how does it work exactly? How is it different than most online poker events?
This is inaccurate. In no way did people have to turn to their personal finances to help companies that their company invested in. That is like your banker, seeing your dire situation caused by a third party to you, and writing you a personal check… That is actually what happened across multiple situations I witnessed. Not saying these folks are saints but pretty unexpected to see.