YouSaid · the spoken record

Mark Cuban

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2024-03-29
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2024-03-29
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  1. “We talked about my dad, my parents. I never looked at my dad and said, okay, you're not successful. He busted his ass and when he came home, you know, We enjoyed our time together, right? There was nothing at any point in time where I felt like, oh, this is miserable. We're awful. We don't have this. We don't have that. We celebrated the things we did have and never knew about the things we didn't have. You know, you have to be able to find your way to whatever it is that puts a smile on your face every day. And some people can do it and some people can't.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “You're just being happy, right? If you were miserable, you know, in your job before, there's a good chance you're still going to be miserable if that's just who you are”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “Waking up every day with a smile excited about the day. You know, I was, you know, people said, well, when you get that kind of money, does it make you happy? And my answer always is if you were happy when you were broke, you're going to be really, really, really happy when you're rich.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “Yeah, I mean, scale was the only Delta scale. We're not all blessed with the access to the tools you need to. Hit that Grand Sl”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “Proximity Oh, yeah, sure. If Duck wasn't at Harvard and he was at Miami of Ohio University or he was at Richland Community College.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “So, but that's what gets you to when the opportunity is there, right? That's what allows you to take advantage of that opportunity and the kismet of it all, right? You've got to be because it wasn't like any of the people I mentioned, there weren't others trying the same thing. You had to be able to see it. You had to be able to visualize and put together a plan of some sort or at least have a path. And then you had to execute on it and do all those things at the same time and have the money available to you because it wasn't like whether it was Google or Facebook. They raised a shitload of money. It wasn't bootstrapping it that got them there.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “At some level, right? But yeah, so more power to them, right? You can't take anything away from them. But yeah, Snapchat, same thing, took off. Abstent take off in 2007 when the iPhone came out. Apps took off in 2011, 2012. And if you were there with the right app at the right time, and even Facebook, you know, in 2004, the bubble had burst and the price for computers had fallen nothing kids in school all needed computers or laptops. If he had tried to do something like that, you know, five years earlier, I mean, he was too young, but five years earlier or five years later, you know, or Friendster might have been the ultimate or MySpace.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  8. “But he was really able to raise money. A lot of money and people were really dismissive of him because they weren't profitable. And we were in an environment where it was possible to raise that one.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  9. “Timing, you know, internet stock market was going nuts right when we started. And that certainly I couldn't predict or control. You know, it's like AI right now. AI's been around a long, long, long, long time. And the NVIDIA processors or GPUs rather, you couldn't predict that now's the time that they were going to get to that cost effectiveness where you could create models and train them. And although it's expensive, it's still doable. We didn't really even, we had ASICs, right, for custom applications and we had CPUs that were leading the way, but GPUs were more for gaming and then crypto mining. And now all of a sudden they were the foundation for AI models.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  10. “Yeah, I mean, there's no business plan where you can just start it and say, yeah, I'm definitely going to be a billionaire. You can, you know, if I had to start all over, could I start a company that made me a millionaire? Yeah, because I know how to sell and I know technology. And I've learned enough over the years to do that. Could I make 10 million? Probably 100 million. Hope so. But a billion just something good has got to happen.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  11. “No, because we're not seeing funky AI companies just go public. If all of a sudden we see a rush of companies who are skins on other people's models or just creating models to create models that are going public, then yeah, that's probably the start of a bubble. But that said, my 14-year-old was bragging about buying NVIDIA with me in his Robin Hood account. He tells me the order I placed it. And he was like, oh, yeah, it's going up, up, up, up, up, up, up, up, you know. And I'm like. Yeah, we're not quite there yet, but that's one thing to pay attention.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  12. “Right, where there's no intrinsic value at all, and people aren't even trying to make operating profits. They're just trying to leverage the frothiness of the stock market. That's a bubble. You don't see that right now. There's not companies, you don't see Harley, you don't see any IPOs right now for that matter. So, you know, I don't think we're in a bubble now, but back then, yes, I thought we were in a bubble, but that wasn't really the motivating factor.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  13. “Yeah, I mean, yeah, obviously, if I thought it was going to keep on going up and there was intrinsic value there, I would have stayed in it, but it wasn't so much Yahoo, it was just the entire industry. Back then, you know, like we're looking at the Magic 7 or whatever it is stocks now, and people were asking, is it in a bubble? And when I would get into cabs and people would just start talking about internet stocks. There were people creating companies with just a website and going public. That's a bubble.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  14. “Oh, for sure, for sure. Yeah. And I'd seen it before, right? Like I just said. And so what I did was we put together a caller where I sold calls and bought puts. And as it turned out, when the market just cratered, I was protected. And, you know, over the next two, three years, whatever it was, it converted to cash, paid my taxes, et cetera, but it protected me. And as it turns out, it was called one of the top 10 trades of all time. And what was even more interesting out of that period, my broker at that time was at Goldman Sachs, and I had asked him to see if there was a way to trade Vic, the VIX, right? The volatility index. And there wasn't, right? And so one of the people that Goldman that we were working with to try to create this actually left Goldman and created indexes that allowed you to trade the VIX.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  15. “Yeah, I mean, how much money do I need, right? You know, where other people were saying, oh, I think you can go up higher, higher, higher. I was like, I went on CNBC. And I told him what I had done. And they were like in Yahoo Stock had gone up significantly from the time I had collared. And one of the guys, Joe Kernan, was on there, don't you feel stupid now that Yahoo Stock has gone up, you know, X percent more? I'm like, yeah, I feel real stupid sitting on my jet.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  16. “That's all I need or all I want. I don't want to be greedy, and I'd seen this story before where stocks get really frothy and go straight down. And I knew that because all of what I had was in stock, I needed to find a way to collar it and protect it. So understanding stocks and trading and options and all that. My broker and I, we went and shorted an index that had Yahoo in it. And so the law at the time was you couldn't short any indexes that had more than 5% of that stock in it, right? Of anyone's the Yahoo stock. And so. I took pretty much $20 some million dollars everything I had at the time and I shorted the index.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  17. “Asked to use my trading history to start a hedge fund, which we did. And I sold within nine months. It was great, right? But the point being, as it goes forward, so when we sold to Yahoo, I already had a lot of experience trading stocks. And I had seen Different bubbles come and go. The bubble for PC manufacturers, a bubble for networking manufacturers. They went up, up, up, up, up, and then they came straight down after the hype, or somebody just leapfrogged. And so when we sold to Yahoo, I was like, I've got a B next to my name.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  18. “All these technologies that I understood, like networks I had installed, we had become one of the top 20, let's say, systems integrators in the country. At one point in time, we're the largest IBM token ring installer in the country. It was crazy, right? Banion, Blast from the Past. I mean, so anyway, so these Wall Street bankers or analysts rather that were the big analysts of the time would call me up because they would ask my broker, what does he know about this product? And I knew him all what was working and not working, right? And so the ones that work, you know, I say that's working. I see the stock, they say something, the stock would go up 20 bucks, right? So I'm like, well, and my broker's like, you need to, you know this better than they do. You need to invest. So I started buying and selling stocks. And this was in 1990 and was just killing it. I was making 80, 90, 100% a year over those next four years to the point where guy came in and”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  19. “Okay, so when we sold to Yahoo, we sold for $5.7 billion in stock, not cash. And so I looked at, you know, After micro solutions, when I sold that, I took that money and initially I told my broker, I wanted to invest like a 60-year-old man because I wanted to protect it. But then he started asking me all kinds of questions about.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  20. “Of human history. So on the acquisition side, we were the largest media site on the internet and it wasn't close. There was nobody close. We were YouTube and relatively speaking we would be 10x YouTube relative to the competition because there was nobody there. And so it became obvious to Yahoo, AOL, and others that they needed a multimedia component. And we had the infrastructure, sales, all that stuff. And so Yahoo When we went public in 98 or right before I think it was, they made an investment of like $2 million, which gave us a connection to them. And then after we went public, they decided they needed to have multimedia. And so in April of 1999, we made a deal. And then July of 2000s went it closed.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  21. “So we had to take down servers that were doing Chicago Cubs baseball, right? And just make all these on the fly decisions because there was no, we didn't have the tools to analyze or be predictive. But yeah, it was all technology driven and marketing.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  22. “Terrif Right? Because as we were growing trying to keep up with the scale, and literally we're buying off the shelf PCs and then server cards as the technology advanced and hard drives and things would fail and we would have to we didn't have machine learning back then to do an analysis of how to distribute server resources. So like there was there was a time when Bill Clinton and all the Monica Lewinsky stuff happened, they released the audio of their interviews of him or something like that, right? And we literally, I knew at that point in time when that was released. Everybody at work was going to want to listen to it, right?”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  23. “Yeah, a lot of selling there, but we're saving them so much money. And they were technology companies, they wanted to be perceived as being leading edge.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  24. “That network that we had built and then go into corporations and saying, look, it's 1996, 97, 98, and to communicate with your worldwide employees what they would do is they would go to an auditorium that had satellite uplink and then they would have people go to like theaters or ballrooms and hotels that had satellite downlings and then would broadcast their product introductions, whatever. And so we said to them, look, you're paying millions of dollars to reach all your employees when you can do it. Pay us a half a million dollars and we'll do it just on their PCs at work. So we did, you know, when Intel announced the P90 PC, we charged them $2 million or whatever to do that when Motorola announced a new phone or a new product, we would charge them. And so we used the consumer side to do a proof of concept for the network. And then we would take that.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  25. “And if you think about somebody at work, they didn't have a radio most likely. And if you did, you couldn't get reception. Definitely didn't have a TV, but you had a PC and you had bandwidth available to you and the companies weren't up on firewalls or anything at that point in time. So our in-office listening during the day just exploded because whoever's sitting next to you, what are you listening to, right? And that was the start of it. And then in early 98, we started adding video and just other things. And we had ended up with thousands of servers. You know, there was no cloud back then and just pulling together all those pieces to make it work. But where we really made our money was by taking”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  26. “Wherever I could, like everything that was public domain, I'd go out and buy a video or a cassette, whatever it was. And this was before the DMs, the digital minimum copyright act of whenever it kicked in. So literally anything that was audio, we would put online so people could listen to it”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  27. “Dallas News and Politics. And if you're in an office or you're outside of Dallas, connect to audio net.com. And now you can listen to these things on demand. And that's how we started. And it started with one radio station. And then it was five, then it was 10, then it was video content, then the laws were different then. So we could literally go out and buy CDs and host them and just let people listen to whatever music. And we went from, you know, 10 users a day to 100 to 1,000 to hundreds of thousands to a million over those next four years.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  28. “Yeah, because there was no other competition, right? There was nobody else doing it. And so it was like, okay, I can get access to this, this, or this. And then there were some third-party software companies, Zing and Progressive Networks and others that took it a little bit further. So we partnered with them. And I started going to local radio stations where literally we would set up a server right next to it. I had a $49 radio, the highest FM radio that I could find. And we take the output of the audio signal from the radio with these two analog cables, plug it into the server, encode it, and make it available from audio net.com. Then I would go on UUNet bulletin boards. I would go on CompuServe. I would go on Prodigy. I would go on AOL. I'd go wherever I could find bodies. And I'd say, okay, we've got this radio station, KLIF in Dallas. It's got Dallas Sports.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  29. “Lot of iterations, right? Like you talked about. We started in the second bedroom of my house, set up a server. I got an ISDN line, which was 128K line, and set up downloaded Netscape server and then started using different file formats that were progressive loading and allowing people to connect to the server and do a progressive download so that the audio, you can listen to the audio while it was downloading onto your PC.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  30. “Like, okay, let's give it a try. So we started this company called AudioNet and effectively became the first streaming content company on the internet. And we're like, okay, we're not sure how we're going to make this work, but we were able to make it work. And we started going to radio stations and TV stations and music labels and everything and evolved audio net.com, which is only audio at the beginning, to broadcast.com in 1998, which was audio and video and became the largest multimedia site on the internet, took it public in July.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  31. “And he was like, look, when we would listen to games, we would have somebody in Bloomington, Indiana, have a speaker phone next to a radio, and then we would have a speaker phone in Dallas and, you know, six-pack or 12-pack of beer, and we'd sit around listening to the game because there was no other way to listen to it. So I was like, okay, my first company, Micro Solutions, I'd written software, done network integration. And so I was comfortable digging into it.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  32. “So, my partner, Todd Wagner and I would get together for lunches. And we were at California Pizza Kitchen in Preston Hollow in Dallas. And he was talking about how we could use this new thing called the Internet. This is late 94, early 95 to be able to listen to Indiana University basketball games because that's where we went to school.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  33. “Oh, yeah. Oh, yeah. Yeah, just iterations. You know, entrepreneurship being having any business is just continuous iteration, continuous, your product, your sales pitch, your advertising, you know, introducing new technology. How do you use AI or not use AI? Where do you use it? What person's the right person? There's just a million touch points that you're always reevaluating in real time that you have to be agile and adapt and change.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  34. “Yeah, because, I mean, that's your riskiest point in time, right? And so if you've done your homework, which includes going out there and testing product market fit, you should have confidence that you're going to be able to sell it. Now, if you didn't do your homework and you go out there and you sell whatever it is and you've raised money or whatever, just to pivot, you've already shown that you haven't been able to read the market. And so it's not that pivots can't work and always don't work. They can, but more often than not, they don't. You pivot for a reason. That's because you made a huge mistake.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  35. “Yeah, I mean, because if you can't do the basics, you're not going to be able to do the bigger things. And at the same time, you've got to be able, one of the things that entrepreneurs do that I always try to remind any that I work with on is we all tend to lie to ourselves. Our product is bigger, faster, cheaper, this or that, as if that is a finite. Situation that's never going to change, right? And there's always somebody, I call them leapfrog businesses. There's whoever's competing against you, you know, if you do A, B, or C, they're going to try to do C, D, and E, right? And you better be prepared for that to come because otherwise they're out of business too. So you're never in a vacuum. You're always competing against sometimes an unlimited number of entrepreneurs that you don't even know exist who are trying to kick your ass”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  36. “That's a great question Do you have to be ambitious and you know, set aside reality at some level to think that you can create a company that could be worth 100 billion dollars, right? Yeah, at some level, because you don't know it's all uncertainty. But I think if you're delusional that works against you, because everything's grounded in reality, you've got to execute, you've got to produce, you know, you can have a vision, right? And you can say, this is where I want to get to. And that's my mission, or this is my driving principle, but you still got to execute on the business plan. And that's where most people fail.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  37. “No, you know, give them credit, right? Because they know all of America is going to see it, and they're deluded themselves to believe this story so strongly.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  38. “For sure, just by asking questions. Know so if they are delusional at some level or misleading at another level, I'm gonna call them on it. So you get people trying to sell supplements that come on there and it's a cure for cancer or whatever it may be or there's this latest fad that increases your core strength without doing any exercises shit like that. I'm just going to bounce. I'm going to pound on them, right?”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  39. “For sure, yeah, where Barbara Corker is the best. She can look at a person and hear them talk for 20 minutes and know, can that person do the job and do the work?”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  40. “It's actually really easy, right? So if you take just to use an example, a business that's valued at $1 million. I want to buy 10% of that company for $100,000. Then in order for me to get my money back, they've got to be able to generate $100,000 in after tax cash flow that they're able to distribute. Can they do it or can they not? And if it's $2 million value rate, what are the valuation is, that's how much cash after tax cash they have to generate to return that money to investors. Or the other option is, do they, you know, do I see this as business potentially having an exit? Do they have some unique technology or do they have something specific about them that some other company would want to acquire? Then the cash flow isn't as important to say important, but isn't going to guide the valuation.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  41. “Of course Yeah, I mean, that's the nature of it, right? I mean, and that's really where the biggest conflicts in Shark Take happen. That's an evaluation. They think this is the best business ever. We had one lady couple that came on and they had this scraper for cats' tongues, right?”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  42. “See, I don't even care if it's going to be a big thing, right? Because it's all relative to the entrepreneur. We had a 19-year-old from Pittsburgh Laney who came on with this simple sugar scrub. And there was nothing outrageously special about it. I didn't see it becoming a hundred million dollar business. I thought it could become a $2,000, $3,5 million business that paid the bills for her. And that was good enough. And six months after the show aired, she called me up. She goes, Mark, I've got a million dollars in the bank. What am I going to do? I'm like, enjoy it. Put aside money for your taxes and go back to work. And so it doesn't have to be a huge business. It's just got to be one that makes the entrepreneur happy.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  43. “Of course. Yeah. Can it be protected? Is it differentiated? Is it something that makes me think, you know, why didn't I think of that? Or is it just a good, solid business that's going to pay a return to the founder and may not be enough of a business to return to an investor?”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  44. “And I passed. They were getting some traction, and they wanted to create leagues, spike ball leagues, and they wanted me to be the commissioner. And I don't want to be a commissioner of a new spikeball league.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  45. “There's no best one, right? They're all different. They're all best in their own way, I guess. The stupid ones and, you know. We haven't had any world changing earth shattering ones, right? Because those. Aren't going to apply to shark tank. They don't need us right. So we typically get businesses that need some help at some level or another. But there's ones I've passed that I wish, like spike ball, do you know what spike ball is? So it's just rebounding net that you can put on the beach and you have these yellow balls and you play a game of, you know, it's just competitive game, but they're killing it. So if you go to beaches in New York or LA, you'll see kids playing it all the time. And it was a fun game that I wish I had done a deal with. And there's been others.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  46. “Oh, for sure, you know, without question, the good ones, we're not going to recognize every good one. And then sometimes we'll just motivate people to work even harder to get it done because of what we say to them. And that's fine too. You know, there's been great success stories that we said no to.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  47. “Know we're being celebrates it and we convey it, and I don't think it's going away, but there are different battles we have to fight to support it.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  48. “It's the only place where every single minute of every single episode, we, you know, we celebrate the American dream. And the reason I do it is we tell the entire country and it's shown around the world even. We're amazing advertising for the American dream and I don't even know how many countries. But every time somebody walks onto that carpet from Dubuque, Iowa or Ketchum, Idaho, that sends a message to every kid who's watching seven, eight, nine, ten, 12-year-old kid that if they can do it from catching Idaho, you can do it. If they can have this idea and get a deal or even present to the sharks and have all of America see it, you can do it. And that, I mean, I'm proud of that. 15 years of that is just been insane. You know, now kids walk up to me and go, yeah, I started watching you when I was five or ten. And I started a business because I learned about it from Shark Tank. And so, you know, I think.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  49. “About it, or you read a magazine and there was an article talking about this progressive movement or that progressive movement, whatever it may be, you know, and then, or political parties. But now... All of that is front and center in social media.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source

  50. “Yeah, it's changing for sure because you can go back just 12 years, right? Traditional media dominated, let's just say through 2012, you know, that was the peak of linear television. Newspapers weren't as strong, but they still had some breadth and depth to them. And then social media comes along and everybody gets to play in their own sandbox and share opinions with people who think just like them. And it also gives them the opportunity to amplify those feelings. And I think that's where celebrating entrepreneurs really started to subside some. There were always people who were progressive that were like billionaires are bad or millionaires are bad depending on the time period. But you didn't really see it on an ongoing basis, right? It wasn't going to be on the evening news. It wasn't going to be in the front page of the newspaper. It was going to be if you read a book and someone talked.”

    2024-03-29 · Lex Fridman Podcast · #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs · IDENTIFIED FROM THE TRANSCRIPT · source