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☆ Shark Tank investor Kevin O'Leary breaks down his latest crypto bet as regulators look to crush 'rogue' operators
▼ + stars: | 2023-04-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

I caught up with Shark Tank investor Kevin O'Leary, an active crypto investor and market veteran, to get his take on the digital asset sector and recent regulatory action. Since November, he's moved his holdings to Canada, where he uses WonderFi, a name he's backed as an investor. They told regulators 'go get them,' and all of a sudden we have a mountain of enforcement action." The SEC said it's "neutral" about the technology at hand, yet "anything but neutral when it comes to investor protection." I bet if you looked at who's managing these companies 36 months from now, all the current guys are gone."

☆ Mark Cuban called this CEO a 'great example' for any 'Shark Tank' contestant—he landed 3 offers and a $200,000 deal
▼ + stars: | 2023-04-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

While on a camping trip, someone asked Thurmond to create a firepit that wasn't so "massive" and "cumbersome," Thurmond said. Cuban, himself a billionaire entrepreneur, seemed impressed by Thurmond's commitment to getting his product right. Thurmond asked the show's panel of investors — including Cuban — for $200,000 of funding, in exchange for a 10% equity stake in LavaBox. Then, Lori Greiner asked Thurmond a question: What's the most important thing to you in a partner? She offered Thurmond $200,000 for a 15% equity stake, adding a 75 cent royalty per product sold until making back her investment.

☆ Barbara Corcoran says her struggles in school had a surprising benefit: 'That's exactly what built my business and got me rich'
▼ + stars: | 2023-03-23 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

In a recent TikTok video, the 73-year-old entrepreneur and investor on ABC's "Shark Tank" told her followers that she often struggled in school as a child. One of the hardest parts of the experience was watching her classmates "breeze through" their assignments, she said. But that's OK — that's exactly what built my business and got me rich." Or, as Corcoran put it in her video: "Being the dumb kid in class made me a millionaire." 1 best piece of advice for regular investors, do's and don'ts, and three key investing principles into a clear and simple guidebook.

☆ 25-year-old 'Shark Tank' contestant sold ice cream from a roadside tent—now he has a $200,000 deal with Barbara Corcoran
▼ + stars: | 2023-03-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When Jeremy Carlson was a college freshman, he started selling ice cream cones from a tent by the side of the road. The cooking style, which he discovered during a mission trip to the Czech Republic, ultimately led to two brick-and-mortar ice cream shops called Crispy Cones — and a $200,000 investment deal with Barbara Corcoran on Friday's episode of ABC's "Shark Tank." Carlson's earnings as an Uber and Lyft driver, along with a Small Business Administration loan and $190,000 credit line, helped Crispy Cones move from a tent to a trailer to the two storefronts. Together, the couple asked for a $200,000 investment in exchange for 10% of Crispy Cones. Corcoran offered the Carlsons a more lucrative deal: $200,000 for 20% of Crispy Cones' equity.

☆ The Silicon Valley Bank rescue means regulators have guaranteed deposits for the entire US financial system, Evercore founder Roger Altman says
▼ + stars: | 2023-03-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The federal rescue of SVB depositors means all bank deposits are guaranteed, Roger Altman said. "The banking regulators decide to guarantee the deposit base of the entire US financial system, which is certainly what they just did," he said. The rescue has other long-term implications, including whether guaranteeing all deposits will eventually lead to less disciplined behavior by bank managers, he said. His remarks follow dire warnings from others in the financial world about what the SVB rescue means. And Citadel's Ken Griffin told the Financial Times that the government's aid to depositors was a danger to the nation's economic identity.

☆ 'Shark Tank' star Kevin O'Leary is blaming Silicon Valley Bank's implosion on a 'negligent board of directors' with 'idiot management'
▼ + stars: | 2023-03-14 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Kevin O'Leary has blamed Silicon Valley Bank's management for the bank's implosion. Silicon Valley Bank collapsed after a bank run, and there are differing opinions on why that happened. The Federal Deposit Insurance Corporation took control of Silicon Valley Bank on Friday after a catastrophic bank run. There has been mud-slinging in all directions over the factors that may have contributed to Silicon Valley Bank's failure. Representatives for Silicon Valley Bank did not immediately respond to Insider's request for comment outside regular business hours.

☆ 38-year-old mom launched a frozen yogurt startup from her kitchen—now she's a 'Shark Tank' CEO with a $1.5 million company
▼ + stars: | 2023-03-13 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

The whipped, frozen Greek yogurt delicacy she put together became Sweetkiwi, a Dallas-based food startup founded in 2011. And on Friday's episode of ABC's "Shark Tank," Eigbe and her business partner — her husband, Michael Kindele — landed a $250,000 investment deal with Robert Herjavec valuing the company at more than $1.5 million. She initially offered the Sharks 5% of her company for that $250,000 investment, noting that the money would go toward brand-building and marketing. The duo expressed confidence despite their industry's heavy competition, noting that Sweetkiwi pints have less sugar than most other frozen yogurts. Herjavec's final offer was $250,000 for a 16% stake in the company — which Sweetkiwi accepted.

☆ 'Shark Tank' star Kevin O'Leary says he will never buy a bank stock again as Biden has essentially nationalized the industry post-SVB
▼ + stars: | 2023-03-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Although the crisis began with regional banks, O'Leary sees stricter policies hitting bigger lenders. "If you thought putting your money into bank stocks was a good idea, you should change your mind this morning — forever." If you thought putting your money into bank stocks was a good idea, you should change your mind this morning — forever. After SVB suffered its sudden demise on Friday, bank stocks fell broadly and have yet to recover. "This really does make you think about owning bank stocks long-term.

☆ Mark Cuban offered $400,000 to a 'Shark Tank' startup he initially rejected—all because of his 2 daughters and wife
▼ + stars: | 2023-03-06 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Mark Cuban typically only invests in companies if he can see himself — or his NBA team, the Dallas Mavericks — using their products. On Friday's episode of ABC's "Shark Tank," he made an exception on behalf of his two daughters and his wife, making a $400,000 investment deal with San Francisco-based makeup company Youthforia. Robert Herjavec said he didn't understand what made the product unique, and Lori Greiner said she didn't use oil-based makeup. That's when Cuban came back in, saying he'd offer $400,000 for 10% without a royalty deal, because his daughters and wife would "understand" the product. O'Leary, growing frustrated, said he'd give $400,000 for 7.5%, but wanted a 75-cent royalty until he made $1 million.

☆ FTX has a massive $9.5 billion shortfall in top crypto and cash needed to repay customers, the bankrupt exchange's new bosses say
▼ + stars: | 2023-03-03 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

FTX has a $9.5 billion shortfall in top crypto and cash to repay customers, bankruptcy lawyers say. Just $694 million in assets of $2.2 billion recovered are easy to cash in. FTX US also has a shortfall, with $191 million in assets versus $335 million of customer claims and $283 million of related party claims payable. In January, bankruptcy lawyers said they had recovered $5.5 billion in liquid assets from FTX. The Commodities and Futures Trading Commission (CFTC) has estimated that $8 billion of client money had been lost by the exchange.

☆ Tesla bulls and bears are duking it out and one strategist now thinks Elon Musk's car company is "boring"
▼ + stars: | 2023-03-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The presentation did, however, lay out broad plans aimed at making Tesla the largest car company in the world. The announcements were tepid enough that strategists at Vanda Research wrote in a note to clients that this month could see a sell-off for Tesla stock. That said, Zacks Investment Research forecasts 30% upside for Tesla, and that climb could happen in 2023. While Tesla has long been touted as innovative and futuristic over the last decade, Bespoke Investment Group concluded that the company is now actually a normal, boring car maker. The stock market is getting the jitters with a key bearish signal flashing red again.

☆ 2 college friends created energy gum and mints that got the attention of Kevin O'Leary and Robert Herjavec on 'Shark Tank.' They turned down the offers and still built a 7-figure business while workin
▼ + stars: | 2023-03-02 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

College friends Kent Yoshimura and Ryan Chen came up with the idea of making caffeinated gum in 2013. "Shark Tank" stars Robert Herjavec and Kevin O'Leary both wanted a piece of the company when the co-founders entered the tank three years ago. Yoshimura and Chen came up with the idea of creating energy gum and mints on a 2013 scuba diving trip. Courtesy of Kent Yoshimura and Ryan ChenIt was on a scuba diving trip in 2013 when the friends thought about creating an energy product more approachable than pills. Turning down a $1 million deal from Robert Herjavec on 'Shark Tank'In 2019, Yoshimura and Chen got a casting call from the hit business reality TV show "Shark Tank."

☆ Shark Tank investor Kevin O'Leary says energy stocks are the new gold and touts optimism for the US economy
▼ + stars: | 2023-03-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Energy stocks are gold in the market, according to "Shark Tank" investor Kevin O'Leary. "If you didn't own energy in the last 18 months, you missed the market," he said in a recent interview. O'Leary is bullish on the market this year, despite warnings of a recession and a stock crash from commentators. He previously made the case that the US could still sidestep a recession in 2023, despite warnings of an impending downturn from other Wall Street forecasters. That's contrary to what other Wall Street experts have said, warning of an impending downturn and market crash as the economy shows signs of stress.

☆ Soft, hard, or no landing at all: Here's what 5 Wall Street experts are saying about the fate of the US economy in 2023
▼ + stars: | 2023-02-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Here's what five Wall Street experts are saying about the fate of the economy this year. Here's what five Wall Street experts are saying about the fate of the economy this year. Jamie Dimon, JPMorgan CEOJamie Dimon REUTERS/ Larry DowningA soft landing is possible, but markets are facing some "scary stuff" ahead, according to the JPMorgan boss. Kevin O'Leary, "Shark Tank" investorKevin O'Leary Mark Davis / Staff / Getty Images"Shark Tank" investor Kevin O'Leary remained optimistic on the market in 2023, and made the case for a soft landing. "We may actually get what people keep saying is impossible … a soft landing.

☆ ChatGPT could turn out to be hero for humanity or just a 'horrible product'. Here's what Elon Musk, Bill Gates and 10 heavyweights have to say on the red-hot AI.
▼ + stars: | 2023-02-25 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +9 min

Elon Musk, Bill Gates and Paul Krugman have all weighed in on the hottest topic this year – ChatGPT. From prominent names such as Elon Musk and Bill Gates to Wall Street banks like Morgan Stanley, everyone's got something to say. "It's both positive or negative and has great, great promise, great capability," Musk further said of AI, adding that "with that comes great danger." But a few quarters from now, if ChatGPT really starts to bring in significant subscriber fees, then we'll see what happens," O'Leary told Insider's Phil Rosen. Andy Jassy, Amazon CEO"I think it's exciting, what's possible with generative AI," Jassy said about generative AI and ChatGPT.

☆ Mark Cuban says 'Shark Tank' CEO’s coffee business is a ‘brilliant idea’: ‘You’re worth more’ than $7 million
▼ + stars: | 2023-02-21 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

To Mark Cuban, coffee could be worth millions — if it's served with a compelling backstory. Take Kahawa 1893, a San Francisco-based coffee company that Cuban called a "brilliant idea" on a recent episode of ABC's "Shark Tank." In total, Kahawa 1893 and its patrons have given at least $20,000 to women farmers since launching in 2017, Nyamumbo said. The following year, she launched Kahawa 1893 — named after the Swahili word for coffee, and the year coffee was commercialized in Kenya. After O'Leary backed out of negotiations, guest Shark Emma Grede — who admitted she didn't even drink coffee — jumped in, offering $350,000 for 12.5% of Kahawa 1893.

☆ A conversation with Shark Tank's Kevin O'Leary on ChatGPT and how to invest in artificial intelligence.
▼ + stars: | 2023-02-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Kevin O'LearyKevin O'Leary is the chairman of O'Leary Ventures, a media personality, and veteran investor. Kevin O'Leary: I'm looking at the ChatGPT deal right now from an equity perspective, deciding what allocation I want to put into it. Some of the biggest firms on Wall Street are warning their clients not to trust the stock market rally. This strategist said you can tell the stock market surge is out of steam because the dollar's no longer on the retreat. Make these undervalued investments now while the stock market rally unwinds after a red-hot jobs report.

☆ Shark Tank's Kevin O'Leary breaks down how he plans to invest in artificial intelligence - and why Google is losing the war sparked by ChatGPT
▼ + stars: | 2023-02-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Shark Tank investor Kevin O'Leary sat down with Insider to discuss the booming artificial intelligence sector. The media personality also shared details of his potential investment in ChatGPT parent OpenAI. "Our plan is to probably give artificial intelligence a 3.5% weighting by the end of the year," O'Leary told Insider in an interview. And with Google unveiling ChatGPT rival Bard and Chinese tech giant Baidu working on its own bot, O'Leary expects competition to only ramp up. "ChatGPT certainly is a threat to Google, and Google must know that," he said.

☆ ChatGPT has investors scrambling to get on the AI bandwagon so much that obscure stocks are soaring just like big-name chip companies
▼ + stars: | 2023-02-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

That's that for the latest Fed talk — but today, we're taking a closer look at the AI hype train passing through the stock market. And small-cap tech stocks with names that nod to bots like BigBear.ai and SoundHound AI have similarly notched gains so far this year. Tech stocks have come back with a "vengeance," Fundstrat's Mark Newton said. It's a necessary step for policymakers to take, the group said, even if it means declines in stock market returns. Wall Street's biggest firms are warning their clients not to trust the stock market rally.

☆ AI stocks are soaring in a meme-like frenzy. Here's why investors won't have to rely on Reddit enthusiasm to sustain the rally.
▼ + stars: | 2023-02-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Following a brutal year for tech, the rise of ChatGPT has sparked a boom in AI stocks and chip-makers. Shares of both well-known and obscure companies have skyrocketed on even small updates related to AI. "AI stocks and AI solutions will continue to benefit from machine learning while the majority of meme stocks will not," Natividad noted. Shark Tank investor Kevin O'Leary echoed the sentiment, telling Insider that AI as an investment sector has vast potential. With 20% of tech stocks still more than 75% off their highs, Fundstrat noted that a recovery is still in the early stages.

☆ Shark Tank's Kevin O'Leary is in talks with ChatGPT creator OpenAI for an equity investment in the company
▼ + stars: | 2023-02-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

In an exclusive interview with Insider, Kevin O'Leary shared that he's in talks to invest in OpenAI. "I'm looking at the ChatGPT deal right now from an equity perspective, deciding what allocation I want to put into it," O'Leary said. OpenAI last month secured a $10 billion investment from Microsoft, a move O'Leary cheered as a shareholder in the tech giant. "I like to invest in the first-mover because they have a marketing advantage," O'Leary said in a Tuesday call. "Either it'll have a good outcome or it won't, but I won't take down the ship or sell the farm for it.

☆ 'Shark Tank'-winning CEO who started in a garage with $2,000 got a $250,000 offer from Cuban, Greiner
▼ + stars: | 2023-01-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Those details helped Lady land a $250,000 investment offer from Mark Cuban and Lori Greiner , a lucrative deal that took some effort to assemble. The second-generation Honduran-American launched her Concord, New Hampshire-based startup FryAway out of her garage with $2,000 in 2021. Greiner, Cuban celebrate after landing a $250,000 deal with Lady for a split 22% of FryAway. John echoed Greiner and Cuban, also calling Lady a "dream entrepreneur." "[Cuban and Greiner] are a power team, and I think the three us of are going to be absolutely unstoppable."

☆ Due diligence is top of mind for Wall Street in the wake of blowups at Frank and FTX. Here's what it means for the state of M&A.
▼ + stars: | 2023-01-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In the long list of boring, behind-the-scenes stuff for deals to get done, due diligence ranks close to the top. One of the more fascinating knock-on effects is how buyers might leverage FTX and Frank as a way to get better terms on deals. Click here to read more about the new state of due diligence in the wake of FTX and Frank. I know you're a passionate bunch, so we compiled everything Wall Street is saying about the EV maker's fourth-quarter earnings. Which fast-food joint has the best coffee?

☆ Anthony Scaramucci says he got only $400,000 back on his $10 million investment in FTX's token
▼ + stars: | 2023-01-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Anthony Scaramucci says he only got $400k back from a $10 million investment in FTX's token. The SkyBridge Capital investor backed FTT after receiving $45 million in funding from FTX. The coin lost 91% of its value in a matter of days following allegations Bankman-Fried's Alameda Research held a significant amount of the FTT token, falling from averages around $24 to less than $1. SkyBridge received $45 million of funding from Bankman-Fried after FTX bought a 30% stake in the company, of which Scaramucci invested $10 million in FTT, before eventually selling it at a loss of $9.6 million. I'm not going to be the person that takes no more risk in the future because I got burned by Sam."

☆ Why Mark Cuban called 'B.S.' on a 'Shark Tank' company that was on track to bring in $14 million last year
▼ + stars: | 2023-01-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Like Cabinet Health, Cuban's company Cost Plus Drugs offers generic drugs at a fraction of the cost charged by major pharmaceutical companies. Cuban put those instincts to work on Friday's episode of ABC's " Shark Tank ," when the billionaire told sustainable wellness company Cabinet Health's founders he was suspicious of their lack of profit. Cabinet Health, which launched in October 2019, wants to reduce and eventually eliminate single-use plastics in medicine. The co-founders entered negotiations seeking $500,000 for a 2.5% stake in Cabinet Health, which would value the company at $20 million. He offered $500,000 for 10% of Cabinet Health, which would value the company at $5 million.

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