YouSaid · the spoken record

Mark Cuban

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171
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2024-03-29
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2024-03-29
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  1. “We had gone up there from a bunch of us from Shark Tank to talk to young entrepreneurs from around the world. And he said to me, Mark, the one thing that separates, I've been to every country around the world. And the one thing that separates us is entrepreneurship. We're the most entrepreneurial country in the world and there's no one else who's even close. And when you look at the origin of our biggest, you know, the biggest companies in the world for the most part, there's an American origin story somewhere behind there. And I think that just gets perpetuated on itself. We see those Horatio alger stories. We see examples of the Jeff Bezos of the world, the Steve Jobs of the world. And those are the types of people we want to copy.”

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

  2. “There's always another country. Yes, right, right. So us versus other countries, like Joe Biden, of all people said to me, it was at an entrepreneurship conference that when he was vice president and he had put together.”

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

  3. “I think We've just got a culture of consumption and more, you know, and to get more. You've got to creating a business gives you the greatest potential upside and the greatest leverage on your time, but it also creates the most risk.”

    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, but if you're going into a new business, you're going to have competition unless you're really, really, really, really, really lucky. And that competition is not going to just say, okay, let Lexer Mark just kick her ass. And so you've got to be prepared to how you're going to deal with that competition”

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

  5. “It really comes down to preparation. You know, if it's important enough to you, you'll save the money. You'll give up whatever it is you need to give up to put the money aside. If you have obligations, you'll put in the work to learn as much as you can about that industry so that when you start your business, you're prepared. And you can always, you know, at night on weekends, whenever you find time, lunch, start making the calls to find out if people will write you a check or transfer you the money to buy whatever it is you're selling. And by doing those things, you can put yourself in a position to succeed. It's where people just think, okay, Geronimo, I'm leaving off the edge of a cliff and I'm starting a business. That's tough.”

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

  6. “Really easy, right? Particularly when you get fired and you don't have a job, you know, and you're looking at bartending at night to try to pay the bills. And so it wasn't hard for me, but to your point,”

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

  7. “Because that next step means, okay, I have to change what I'm doing in my life. And that's not easy for 99% of the people. Some people look at that as an opportunity and get excited about it. Some people get terrified because it's, okay, maybe I'm comfortable. Maybe I have responsibilities. And so whatever your circumstances are, if you want to take that next step, you have to be able to deal with the consequences of changing your circumstances. And that's the first thing. You know, do you save money? So you have, you know, if you have a job, do you have a mortgage? Do you have a family? You got to save money. You can't just walk. You know, I mean, they've got to eat and they've got to have shelter. But on the other side of the coin, if you've got nothing, it's the perfect time to start a business.”

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

  8. “Yeah, I mean, you've got to be in a position where you're confident. You know, I get emails and approached by people all the time, you know, what kind of business should I start that tells me you're not ready to start a business, right? Either you're prepared and you know what or you don't know in the United States with the American dream, everybody kind of Always looks at themselves and says, okay, I have this idea, right? And then you go through this process of saying, okay, you talk to your friends or family. What do you think? And they almost always, oh, it's a great idea, right? Then you go on Google and you say, oh my God, no one else is doing it without thinking, you know, 10 companies had gone out of business trying the same thing. But okay, it's on Google. And then people stop.”

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

  9. “The hardest part. It really depends on your personal circumstances. Like, I got fired. I was sleeping on the floor, six guys in a three-bedroom apartment. So I couldn't go any lower. So there was no downside. Yeah, there was no downside for me starting a business. And it was just like. Know I was 25 when we started micro solutions and I just gotten fired and it was like, look, I'm a lousy employee. I'm going to just start going to some of my prospects that I had at my job and ask them to front the money that I needed to install some software and found this company architectural lighting who put a $500 for me that allowed me to buy software and have 50% margins. And that's how I started my company.”

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

  10. “Different, and you got to know what you're good at when you're bad at, right? I was good at I was a ready fire aim guy and I always partnered with people who were very anal and perfectionist because where I could just go they would keep me in keep me inside the baselines”

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

  11. “Hard, yeah, for sure, because it's obviously a failure somewhere in the process. You know, what did we do wrong? And when I would interview people for jobs, I think 99% of the people I've ever interviewed I've wanted to hire because in my mind, it was like, okay, I can figure out how to make this person work, right? And then they wouldn't. And then, you know, people at the company be like, Mark, you suck at this, you know. And so I always delegated the hiring. Yeah.”

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

  12. “Yeah, always because I hated firing people because it meant one, it was an admission of a mistake in the hiring. And two, the salesperson to me always wanted to come out ahead. And I was always horrible at firing. But I always partnered with people who had no problem with it. So I always delegated that.”

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

  13. “What you see on the sidelines with being at a Mavs game, maybe a little bit, but I also didn't have any patience for somebody I thought wasn't using my kind of common sense, right? Because I was always on the go, go, go, go, go, particularly when I was younger, just trying to be successful, trying to get to the point where I had independence. And I would tell this to people, you know, either you're speeding up and getting on the train or, you know, we'll stop and drop you off at the next station. But let's go where you go.”

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

  14. “Just qualities that I think he really tried to pass on to myself and my two younger brothers were just be a good human. And I think, you know, he didn't have business experience. So as I got into business, he would just, you know, say, sorry, Mark, I can't help you. You know, I don't understand what you're doing. You never went to neither one of my parents had gone to college. You've got to figure it out for yourself. But he was also very insistent that he worked at a company called Regency Products where they did upholstery on cars. And he would bring me there to sweep the floors. Not because he wanted me to learn that business, because he wanted me to learn how backbreaking that work was. I mean, he lost an eye and an accident at work. A staple broke. And the only thing he wanted from my brothers and I was for us to never have to work like that, to go to college, to figure it out.”

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

  15. “My dad did a pollstery on cars, you know, got up, went to work every morning at 7 o'clock, came back five or six, seven o'clock, exhausted. And I learned to be nice. I learned to be caring. I learned to be accepting.”

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

  16. “I worked at it because you know going back to what I said earlier about curiosity, you have to be insanely curious because the world is always changing. My dad used to say, we don't live in the world we were born into, which is absolutely true. If you're not voracious consumer of information, then you're not going to be able to keep up. And no matter what your sales skills or ability are, they're going to be useless.”

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

  17. “I mean, there's skill from the perspective that I read like a maniac. Then, like, now you can give me an example of any type of business, and it'll take me two seconds to figure out how they make money and how I can make it more productive. And I think that's probably my biggest skill being able to just drill down to what the actual need is, if any, and then from there being able to say, well, if this is what this company does and this is what their goal is, how can I introduce something new that they haven't seen before? And is that a business that I can create and make money from?”

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

  18. “Don't remember, but it's pretty close to 100. Okay, never mind. So that's why you don't remember because who's going to say no to a 12 year old kid who's going to save him time and money? But, you know, typically my career where I've started companies, it's to do something that other people aren't doing, whether it was connecting PCs to local area networks and at micro solutions. And, you know, the salesmanship was walking into a company and just saying, look, talk to me and I can help you improve your productivity and your profitability. Is that important to you? And the answer is obviously always yes. And then the question is, can I do the job and can I do it cost effectively? And so you didn't have to be a born salesperson to be able to ask those questions, but you have to be able to be willing to put in the time to learn that business. And that's the hardest part.”

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

  19. “You can definitely develop it. Yeah. I mean, because selling garbage backs door to door was easy, right? Because 12-year-old Mark going, hi, my name is Mark. Do you use garbage bags? You know what the answer is going to be, right? Can I just drop them off for you once a week whenever you need them? You just call and I'll bring them down? Sure. So that was easy.”

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

  20. “Selling's just helping. I've always looked at it about putting myself in the shoes of another person and asking a simple question. Can I help this person? Can my product help them from the time I was 12 years old selling garbage bags door to door and just asking a simple question? Do you use garbage bags? Do you need garbage bags? Well, let me save you some time. I'll bring them to your house and drop them off to streaming. Why do we need streaming when we have TV and radio? Well, you can't get access to your TV and radio everywhere you go. So we kind of break down geographic and physical barriers and cost plus drugs. You know, what's the product that we actually sell? We sell trust in a simplistic approach. We buy drugs and sell drugs, but we add transparency to it and bringing transparency to an industry is a differentiation and it helps people.”

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

  21. “Somebody who's curious, they want to keep on learning because business is ever changing, it's never static, somebody who's agile because as you learn new things and the environment around you changes, you have to be able to adapt and make the changes. And somebody who can sell because no business has ever survived without sales. And as an entrepreneur who's creating a company, whatever your product or service is, if that's not the most important thing and you're just dying and excited to tell people about it, then you're not going to succeed.”

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