What is buy in?

Buy-in refers to the money or investment required to enter or participate in a particular activity or investment opportunity. It is the amount of money that an individual or organization must contribute in order to take part in a game, competition, business venture, or investment.

In poker, the buy-in is the minimum amount of money required for a player to join a game. In sports events or competitions, the buy-in might refer to the registration fee or entry fee that is required to participate. Buy-ins can also be required for investment opportunities, such as stocks, mutual funds, or real estate investments.

The term "buy-in" is also used in organizational settings to refer to the process of getting people to participate and support a particular initiative or decision. This could involve convincing others to invest time, energy, or money into a particular project or endeavor.

The buy-in process is important because it helps to ensure that all parties involved are committed and have a stake in the success of the activity, investment, or project. Without proper buy-in, there is a risk that parties involved may not be fully invested and the project or investment may not succeed.