Comments on: How I Helped Mark Cuban Make a Billion Dollars and 5 Things I Learned from Him

By: Peter Halim

Peter Halim — Thu, 15 Jan 2015 04:18:00 +0000

He is lucky….His net worth when he sold audionet to Yahoo is about $ 2.5 billion …that is 1999…currently his networth is at $ 2.7billion …..15 years and you only make 9% …that is only about 0.5% a year.– you will make more if you just put it in a saving bond. Even the current estimate of $ 2.7 b is not accurate. His Magnolia Pictures and Landmark Theatre are not making that much money and Forbes just value them based on the price Mark want to sell, which really no rational businessman will buy it.

To be fair with Mark…..most billionaire are lucky on one climatix event in his/her live,;
George Soros Sept 16, 1992 Black Wednesday
Roman Abramovic 1995 purchase of Sibfnet for 1/70 of company value
……and so much more …you get the point

But Mark is really not a savvy businessman, watch the Shark Tank and you will understand what I meant.

By: Spencer

Spencer — Fri, 26 Sep 2014 20:18:00 +0000

You missed the point. He can have a car that runs perfectly, a house that his family fits in, rent a boat for a family vacation. I think Jay is right, there is sooo much wastefulness in the super rich. There is no need for the extravagances that some of them extend to. Sad when people have a 500million dollar yacht and there are still people dying of hunger.

By: TheGardenMaster

TheGardenMaster — Wed, 17 Sep 2014 03:58:00 +0000

Tell us, what have you done with your life? What has been your contribution to society?

By: Vi

Vi — Fri, 25 Apr 2014 07:19:00 +0000

Meh, the guy didn’t create any value. Just pushed money around. The real entrepreneurs; people that deserved to be studied are people that created actual value, your Larry Page, Mark Zuckerberg, Jerry Yang, Larry Ellison, Bill Gates, Jeff Bezos etc. But to people outside the bay area or software look up to lucky idiots like Mark Cuban for patterns to success.

By: tommydman

tommydman — Wed, 16 Oct 2013 22:37:00 +0000

He still got lucky.

By: MustBeSaid

MustBeSaid — Mon, 03 Dec 2012 04:40:00 +0000

Mark Cuban wasn’t lucky. He worked really hard to sell a worthless company to a bunch of idiots flush with investor cash. A company that’s nothing more than a redirect to the Yahoo homepage. He was smart and successful but in the way a sleazy car salesman is smart and successful for selling a junker to an ignorant buyer. He hasn’t done anything worth admiring aside from adding 9 zeros to his net worth. And if he died tomorrow, that would be his legacy…. “Got rich selling a worthless company to Yahoo. Then he owned the Mavericks for a while. HDNet something, something. The end”

The Yahoo board were idiots to buy Brodcast.com but that’s not Marks fault. He set out to make money and he did. But he needs to stop being so arrogant about it. Convincing people who were clearly fools to part with money that wasn’t theirs for something that was worth almost nothing isn’t something you should be so proud of.

But don’t be too hard on Marc. Had Yahoo not pissed away that money by giving it to him, they certainly would have wasted it on other bad deals. There’s a graveyard behind Yahoo HQ littered with the corpses of their acquisitions I hear the Broadcast.com mausoleum is quite nice.

By: Burritolover

Burritolover — Thu, 02 Aug 2012 15:12:00 +0000

Broadcast.com had potential before they were bought out by Yahoo, then Yahoo (thinking Yahoo was a blessing to the internet), did nothing with Broadcast.com… What was Audionet/Broadcast.com? A company that streamed live video on the internet at the time… Did anyone else do it? No… There is your answer… Then out came Youtube… Put together a timeline of every event and thing happened, you will see what decisions have been made…

By: 736hundred

736hundred — Sat, 30 Jun 2012 01:50:00 +0000

I guess I missed your sarcasm -oopsy. In all honesty, I have grown tired of even dealing with people who place $$$$ as their top and seemingly only priority. If I want to I can see them everyday, but I choose not to, just because I don’t share their values and my time is precious.

Nothing personal – just my choice after years of daily exposure.

My initial question was; why do men (should have been gender neutral and it should have been “some” people) swoon over wealthy individuals? I really don’t even desire an answer….this post was ages ago….but thanks for your comments they made me think

Cheers!

By: jmdanmar

jmdanmar — Sat, 30 Jun 2012 00:09:00 +0000

Clearly I didn’t make it clear that this was “somewhat” tongue-in-cheek. However, the seriousness of your response gives me the impression you may have misread them. Of course some people have managed to do what you mention – most of us not only know that but know people who have (my sister the artist for example, who is a genuine inspiration). However, “some” is not “all” and there certainly are some people who are the opposite of what you describe. I see them every day.

By: On iPhone

On iPhone — Fri, 29 Jun 2012 22:10:00 +0000

Without calling your reasoning total bs. I would say that some people have learned what makes them happy and what makes them feel good and it’s not material crap or the objectification of a beautiful woman. To think that if x then y with the “x” being extreme wealth is a miserable way to live and think.