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Mark Cuban is an American businessman and investor. After selling Broadcast.com to Yahoo, he bought the Dallas Mavericks, Landmark Theatres, and Magnolia Pictures. He has appeared on Dancing With The Stars, and is one of the Shark Tank investors. He lives in Dallas.
Foot Cardigan accepts an offer on Shark Tank from Cuban and Carter, who is appearing as a guest shark, to co-invest $250,000 for a 20% ownership stake in their $9-a-month sock subscription service. The company says it earned $1.36 million in the past three years ($900,000 in the past 12 months) and projects $1.5 million for 2015. It currently services 6,000 monthly customers with seasonal increases to approximately 12,000 subscribers.
Cuban says the American Airlines Center and freeD (Free Dimensional Video) have spent six weeks installing high-res cameras in the AAC roof to be deployed as soon as the Lakers-Mavs game on Nov. 21 that will give ‘crazy’ views of games. It will allow any video image to be frozen and turned 360 degrees, giving fans seeing the images on the AAC videoboard and viewers watching Fox Sports Southwest telecasts unique views of the game. The technology has already been used in the NFL and in the 2014 NBA All-Star Game. The software can take a single byte and transform it into views. Cuban:
For example, right at the jump ball, what does Tyson (Chandler) see? It literally recreates that perspective. If the ball goes out of bounds and you want to see who touches it, you’ll be able to spin the whole thing and look from any angle. The secret sauce is it converts (the high-resolution video) to actual data. And the double secret sauce is from that data, you can recreate any of the visuals. So from this, that is recreated into data. From using the software, you can look at it from any angle.
The Mavs will initially be the only team with the technology on videoboard and replays. Other teams will be able to license it for videoboard and local TV use but will need to pay money. NBA replay officials in Secaucus, N.J., will have access to the Fox Southewest feeds and will be able to use the technology to confirm or reverse calls by the ref.
Cuban tells L.A. radio station The Beast 980 that he hopes the team, which has a moderate rivalry with the Mavericks since Dallas swept the playoffs in 2011 and ended the Lakers’ title run, continue to stay bad:
As far as the Lakers, I think there are going to be a lot of teams that are going to be focusing and saying, ‘Look, I’ve got a ton of cap room, free agents A, B and C, why don’t you guys come together and come play for me?’ And L.A. has always been considered a destination, so maybe they feel there’s a valid strategy. You know me, Fred. Personally, I just hope they suck forever.
Kovach publishes the full email exchange he had with Cuban about net neutrality after he wrote a column on the topic following Cuban’s tweetstorm a few days earlier. Kovach supports net neutrality but says he wants to hear Cuban’s opinions against net neutrality as a successful web entrepreneur. They talk about competition among ISPs, how America’s broadband options are rated as more expensive for slower service, and other issues related to the topic. Cuban:
If you don’t like it now, let the government get involved.
Cuban and Mavs management introduce tracking devices during training, and Readiband sleep monitoring watches, among other health technology for the Mavs. Athletic performance director Jeremy Holsopple:
We are constantly beta-testing several technologies.
Cuban has invested in Australia-based Catapult Sports, which produces what it says is the first bio-analytics platform, a beeper-sized device that monitors and assesses real-time data on accelerations, decelerations, changes of direction and jumping to monitor training loads. The Mavs use the device along with about a third of NBA teams and half of the teams in the NFL, including the Cowboys. Cuban:
Anything that makes us smarter about our players’ health is a win for us
Cuban predicts an end to the student loan bubble that will put colleges out of business:
It’s inevitable at some point there will be a cap on student loan guarantees. And when that happens you’re going to see a repeat of what we saw in the housing market: when easy credit for buying or flipping a house disappeared we saw a collapse in the price housing, and we’re going to see that same collapse in the price of student tuition, and that’s going to lead to colleges going out of business
Cuban pays for a dream wedding for Monica and Leroy Wilkinson of Watauga, Texas. Monica had multiple miscarriages and is undergoing chemotherapy treatment for Stage 4 ovarian cancer:
I got a call from his assistant, and she said Mark Cuban was going to help pay for our wedding. And I was completely floored. I thought it was a joke. Now we actually have those memories that can actually get us through. I can go back and have those pictures now and have a reason to smile. Because I got to feel special and it was all thanks to Mark Cuban.
Cuban admits that he would feel overwhelmed if he met everyone he anonymously helped.
If there is a scenario where the only problem is money, I try to fix that, [But] I’d die if I got emotionally connected.
Cuban creates a free texting app called Cyber Dust that does not store messages. Like SnapChat, the app leaves no trace of the messages, and they are not stored anywhere. It alerts you if the person has taken a screenshot, and it provides send and read confirmations so that you know if someone viewed your message. If your friend hasn’t viewed the message within 12 hours, it will expire and be deleted forever. Cuban says he was inspired to create the app after being challenged by the FCC over insider trading allegations.
What I learned very quickly was they took old emails and messages and created whatever context they wanted to create for it.
Cuban says Cyber Dust will appeal to users who are looking for something truly private.
The minute we hit send on a text we lose control, we are all going to have to learn to shrink our digital footprint. The minute we turn off the server it’s gone forever.
Cuban invests in the Australian wearables producer, which makes a GPS that can track more than 100 fields of data and is used by Australian Rules football players in the Australian Football League (AFL), the Philadelphia Flyers in the NHL, the Dallas Cowboys, AC Milan soccer team, and even under the waistcoats of Spanish bullfighters. Catapult is the biggest wearable GPS provider in the world, and operates out of a small factory in south Melbourne. Catapult chairman Adir Shiffman:
We’re on the way to being a billion-dollar company one day
Cuban confirms to the Australian Financial Review that he has taken a stake in Catapult. Terms aren’t disclosed and his stake is understood to be less than 5% and worth only a few million dollars. Cuban:
Wearable analytics will be a critical advantage in pro sports and eventually as it shrinks in size, in business. It won’t revolutionise [the sports industry], but it will make teams smarter and keep players on the court more. It also may save a career or even a life on the way.
It is Cuban’s first investment in an Australia-based company.
Hawk, Cuban, and Lloyd appear in the video that appears to be an advertisement for a product called HUVr, with Moby, Billy Zane, and Terrell Owens. It is revealed to be a prank by the website Funny or Die, which gives away the autographed hoverboard over its Facebook page.
Cuban stars in a television commercial advertising Skechers’ line of roomier and more comfortable shoes for men.
In any new business I enter, whether it’s sports or another venture, the key is to always stay relaxed and keep your cool – and these Relaxed Fit shoes are exactly what I need. They feel and look incredible.
Cuban invests $2 million for 20% of Ten Thirty One Productions, a company that specializes in creating and producing live horror attractions. The company’s CEO, Melissa Carbone, who arrived on set followed by a zombie, presented the Sharks with her company’s most popular attraction, the Los Angeles Haunted Hayride. Upon hearing the Hayride makes $600,000 in cash profit on $1,8 million sales from 17 days operation in the month of October alone, Cuban agrees to buy in, making it the largest deal in the show’s history.
HDNet is rebranded as AXS TV (pronounced “access”). Its schedule includes music, comedy, reporting and martial arts programming. The network is owned by a consortium comprising AXS TV LLC (founded by Cuban as HDNet in 2001), Ryan Seacrest, Anschutz Entertainment Group and Creative Artists Agency.
One of our tag lines is ‘by the time you see it on YouTube, you have already missed it.’ Live programming has a unique quality in that anyone who is passionate about the artist, team or topic not only wants to see it, they want to see it as the same time as other fans and talk to them via social media, text or email.
Published as a kindle e-book, Cuban’s book is a collection of stories, information and advice geared to help readers achieve success as entrepreneurs.
On his decision to write the book:
I have been blogging for 7 years. I have gotten a ton of requests to write a book. I had resisted because of all the work that comes with distributing a traditional book. With the revolution in book economics, it allowed me to price the book at under 3 dollars and sell it leveraging social media rather than going on a book tour. Plus the ebook format let me take all my blog topics and pull them together in an easy to read and enjoy presentation. It just made sense to do it now.
Cuban invests in the gift card affiliate startup JungleCents. No amount is officially reported, but it is assumed that the seed funding amounts to approximately $1.5 million dollars, and that he is the sole funder. Cuban says
Curating and matching deals is both art form and science. It’s not easy to procure deals from major brands and it’s no easier to match those deals to editorial. I don’t see deal curation ever becoming a core competency for high volume sites. Its a very specific skill set and the companies offering the deals don’t want to deal with every media site.
Company co-founder Sameer Mehta says about Cuban’s involvement:
Aside from his advice, where he chimes in on the focus and direction of the company, his name does help because we are a sales-focused company, so it’s easier to get a foot in the door with brands to pitch our products and services.
Cuban and Headington lead a group of investors funding investing five million dollars in BlueCava, a startup company producing a device ID technology which is the first of its kind. CEO David Norris comments on Cuban’s involvement:
Mark is a smart man who is passionate about technology. He believes our business is very unique and he wants to help build it to its maximum potential and help us with our long term strategy of taking our business to a much larger size.
The NBA fines Cuban for violating the league’s anti-tampering rules with comments made in an interview with CNNMONEY.com about recruiting LeBron James to the Mavericks. Cuban is punished for failing to adhere to the details of a 2008 memo sent to all 30 NBA teams:
If a member of your organization is asked by the media about a potential free agent prior to the July 1 following the last season covered by the player’s contract, or about any other person under contract with another NBA team, the only proper response is to decline comment.
In an exclusive interview with CNNMoney, Cuban says:
Come July 1st, yeah, of course, anybody would be interested in LeBron James, and if he leaves via free agency, then it’s going to be tough… if he decides to leave — there’s still a better chance he stays — then he’ll try to force a sign-and-trade, and that gives us a chance.
Cuban files a federal lawsuit against the United Football League for their failure to repay a $5 million loan by the October 6, 2010 deadline. Cuban refuses to comment, but UFL spokesperson Michael Preston says:
As we have said previously, we like many companies regrettably do not always meet our intended turnaround on payments in these tough economic times when we find ourselves behind in cash flow. We like all new businesses are not immune from the effects of a stagnant economy.
Announces what he calls the Mark Cuban Stimulus Plan, which entails people posting ideas that fit certain criteria with the hope that he will either fund them, or other individuals will take up the ideas.
The idea is not just to help you, but to figure out how to help the economy through hard work and ingenuity. If you come up with the idea and get funding, you have a head start. If you execute better than others, you could possibly make money at it.
Cuban is fined $25,000 by the NBA for yelling at Denver Nuggets’ J.R. Smith at the end of the first half of the Mavericks-at-Nuggets game played on January 13. Cuban was apparently incensed that Smith had thrown an elbow that barely missed Mavericks forward Antoine Wright.
The NBA tells me a tech should have been called on you for throwing the elbow and that I should pay a 25k dollar fine because owners aren’t supposed to get mad. Ever.
The Burns and the Bees, the eighth episode of The Simpsons‘ 20th season, airson Fox TV, with Cuban as a guest star.
Montgomery Burns attends his annual billionaire retreat and wins control of the Austin Celtics from the show’s Texas oil tycoon in a poker game. After meeting Cuban, Burns tries to win over fans with his own antics.
Starts Bailoutsleuth.com, a grassroots online portal for overseeing the U.S. government’s $700 billion bailout of financial institutions.
Transparency is key to the success of the Bailout and related loans and investments the government makes with our tax dollars. Without complete transparency, we will get from our government what we always get when it comes to finances – confusion.
HDNet Fights, a mixed martial arts promotion which airs exclusively on HDNet, premiers with a card headlined by a fight between Erik Paulson and Jeff Ford, as well as fights featuring veterans Drew Fickett and Justin Eilers.
Beyond live events, we have the only weekly news show dedicated to Mixed Martial Arts on television.
The Series B round is reported to value the company at a pre-money $100 million. News Corp., CBS, Elon Musk, and Acton Capital Partners join Sequoia Capital and Mark Cuban, who both renew their investment from the previous round.
Cuban invests $1.3 million in Brondell Inc., a San Francisco startup making a high-tech toilet seat called a Swash that works like a bidet but mounts on a standard toilet. It cleanses with a spray of warm water, relieving people from the hassles of toilet paper, and has a heated seat. Its top-of-the-line model also comes with a warm-air dryer and a remote control.
People tend to approach technology the same way, whether it’s in front of them, or behind them. I have always been interested in innovative and cutting edge-technologies coupled with a large market opportunity.
The Benefactoris canceled due to poor ratings before the full season airs. It is reduced to six episodes from an intended eight. A letter from Donald Trump to Cuban following the announcement read:
I am truly sorry to hear that your show has been canceled for lack of ratings. When I initially called you to congratulate you on The Benefactor, little did you or I realize how disastrous and embarrassing it would turn out to be for you. If you ever decide to do another show, please call me and I will be happy to lend a helping hand.
The Benefactor, a series involving contestants trying to win $1 million by participating in various contests – with their performances being judged by Cuban – premiers on ABC.
I want every U.S. resident 21 and older to apply. Everyone has dreamed of getting rich, and I want to help one lucky person get there. This isn’t traditional contest. You don’t need special talents. I’m not looking to find out who is the grossest, funniest, prettiest, smartest or able to go without food or water the longest. The right person is going to get on my good side at the right time, and whoever that is is going to walk away with a check from me for one million dollars.
Cuban is credited with the largest single e-commerce transaction by The Guinness Book of Records after he pays $40 million for his Gulfstream V jet.
Since I’ve owned the GV there are too many examples to count of how the airplane has helped me. Flying out after a late-night game to be at a meeting the next morning. Leaving a meeting to get home in time for my daughter’s first daddy-daughter dance. It’s part of my life that I can’t be without.
We were serving audio and video live and on demand to more than 1mm (million monthly) unique users per day. We had full-length audio books, full-length CDs, full-length movies, TV shows. You name it. We gave you realtime statistics of how many people were watching your video, and if you required registration, which we offered, you knew exactly who was watching.
Cuban starts a company called Micro Solutions, working as a PC consultant selling software, training and configuring computers. One day he needed a part and went to PCs Limited which was run by someone younger than him.
I was really impressed by him. I remember telling him, “Dude, I think we’re both going places.” That “dude” was Michael Dell.
That year he got Micro Solutions into local-area networks, hooking up small to medium business sizes so they could share information. The company grows to $30 Million in revenues.