When did table stakes become a thing?

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It’s the required money to get into the game at the table. In consulting, it means the base-level skills/competencies you need to have

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Table stakes is a really common term, basically means the minimum requirement to enter a market, position, etc.

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It’s like “no duh”. Essentially, it means it’s understood and obvious that it’s not worth even coming to the discussion without it

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I don’t play poker so actually have no idea what this means. Tried googling it when a partner had used it earlier but still don’t get it.

How would consultants survive without google!!

Context?

It became a common business term a long time ago, at least early 80s when I entered the work force. Might have been common prior to that.

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