- If only Mark Cuban could catch a break in life. The poor guy who made a fortune selling broadcast.com, won an NBA title with his Dallas Mavericks, and has a net worth just south of $5 billion told the Full Send podcast that overall he hadn’t made a profit from his investments on Shark Tank.
- The host asked him if he was up overall from all the money he invested with entrepreneurs, and he replied, “Like, up financially? Oh no, I’ve gotten beat.”
According to a website that tracks this kind of stuff, Cuban has invested roughly $20 million into 85 companies that pitched him on the hit ABC Television show.
On Cuban’s website, he listed 54 investments he’s made on the show, but he’s only counting the companies that are still around.
Tech Crunch had an interesting story about Cuba’s biggest miss as an investor on the show. Do you remember the Breathometer? Unfortunately, Cuban does.
All of the Sharks invested in the product, thinking it would be a sure hit. Here’s what Cuban told Tech Crunch.
“It was a great idea and actually a decent product [ … ] but I’d look at his Instagram and he’d be in Bora Bora. Two weeks later, he’d be in Vegas partying [ … ] Next thing you know, all of the money is gone.”
The founder of the company Charles Michael Him called that “networking.”