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☆ Mark Cuban found a car abandoned on the side of the road — and got it for free with a simple phone call
▼ + stars: | 2023-03-05 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

He even got one for free, Cuban told Bill Maher on a December episode of the Club Random Podcast. He had to hitch rides with friends until, one day, they found an abandoned car on the side of the road. "I knew from my own personal experience that someone had abandoned [the car], because they couldn't make the payment," Cuban said. At age 24, Cuban lived in a three-bedroom apartment with five roommates, he wrote in a 2009 blog post. Still, his riches didn't change his spending habits "all that much," he told Money.

☆ Why Mark Cuban avoids Silicon Valley: 'Tech bros’ are ‘pretentious’ and overrated
▼ + stars: | 2023-02-03 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

That doesn't mean he worships Silicon Valley. But Cuban said he also can't stand the culture of Silicon Valley's "tech bros.""[It's] pretentious as f—k. Cuban, who has a $6.25 billion net worth according to Bloomberg, built his own tech fortune in Texas. Rather, he considers the allure of Silicon Valley — and the attitude that comes with it — overrated. "But when you're starting fresh and new, if you start with a model in this perspective, then I don't think you'll replicate the old one we had in Silicon Valley."

☆ '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."

☆ Billionaire Mark Cuban invested in digital-health's go-to pharmacy even though it struggled to keep up with orders from his drug-pricing company
▼ + stars: | 2023-01-25 | by ( Blake Dodge | ) www.businessinsider.com time to read: +3 min

Mark Cuban has invested in the online pharmacy Truepill, he confirmed to Insider. It works with Cuban's other healthcare bet Mark Cuban Cost Plus Drug Co.Mark Cuban's interest in breaking into the healthcare industry is heating up. In November, he backed the online pharmacy Truepill through its funding round, Cuban confirmed to Insider in an email. He's played an active role in his drug-pricing startup, which launched as the Mark Cuban Cost Plus Drug Co. in 2021. When asked about the delays, Cuban said Cost Plus Drugs' volume exceeded both companies' expectations.

☆ Pharma CEOs say Mark Cuban's effort to upend the drug industry is 'a really great idea' but will be difficult to pull off
▼ + stars: | 2023-01-25 | by ( Yeji Jesse Lee | Andrew Dunn | ) www.businessinsider.com time to read: +7 min

Biopharma CEOs say his company Cost Plus Drugs could remove costs from the distribution system. Cuban told Insider in an email that he believed the company's pricing transparency was "an absolute positive for patients." The company started its pharmacy services last year and quickly racked up over 1 million accounts, Cuban told Insider recently. Cost Plus Drugs is focused on bringing down the price of generic medications, which no longer have patent protections but can still be expensive. Cuban told Insider that EQRx was in a "different business" than what he's attempting to build out.

☆ Mark Cuban used this grocery store hack to get cheap food when he was broke
▼ + stars: | 2023-01-21 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Mark Cuban might be a billionaire now but, before he became a successful entrepreneur, Cuban had to pinch pennies. Cuban, who lived in a three-bedroom apartment with six roommates at the time, didn't just look for deals on food, though. Cuban had "credit cards cut up" and "bill collectors" on his trail, he told Maher. Other 20-somethings wouldn't likely be able to copy his roadside strategy, he told Maher. It was all about going for it," Cuban told The Dallas Morning News in a 2011 interview.

☆ Billionaire Mark Cuban has invested in yet another healthcare company: online pharmacy Truepill
▼ + stars: | 2023-01-20 | by ( Blake Dodge | ) www.businessinsider.com time to read: +3 min

Mark Cuban has invested in the online pharmacy Truepill, he confirmed to Insider. Truepill works with healthcare startups to send medications through the mail. It works with Cuban's other healthcare bet Mark Cuban Cost Plus Drug Co.Mark Cuban's interest in breaking into the healthcare industry is heating up. In November, he backed the online pharmacy Truepill through its funding round, Cuban confirmed to Insider in an email. He's played an active role in his drug-pricing startup, which launched as the Mark Cuban Cost Plus Drug Co. in 2021.

☆ 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.

☆ Mark Cuban: ‘People thought I was an idiot’ for launching the company I sold for billions
▼ + stars: | 2023-01-15 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Take Broadcast.com, the pioneering audiov streaming company that made Mark Cuban a billionaire. In 1995, Cuban was living off of the roughly $2 million in proceeds from the sale of his first tech company, MicroSolutions. But it was great timing for Cuban, who sold most of his stock before the market crashed. "[It's] the origin story of streaming," Cuban told CBS. I'll just turn on the radio,'" Cuban said on a 2021 episode of the "Starting Greatness" podcast.

☆ Mark Cuban's pharmaceuticals startup ties up with RxPreferred
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

Jan 11 (Reuters) - Billionaire entrepreneur Mark Cuban's pharmaceuticals startup has tied up with pharmacy benefits manager RxPreferred Benefits, the companies said on Wednesday, in a move to offer lower priced drugs through some employer-backed health insurance plans. Mark Cuban Cost Plus Drugs provides generic drugs through direct contracts with manufacturers and charges a standard markup on every drug it sells. Under the partnership, RxPreferred Benefits' customers will have the option to use Mark Cuban Cost Plus Drugs as part of their health insurance plans. Mark Cuban Cost Plus Drugs in December partnered with EmsanaRx, a nonprofit coalition of nearly 40 companies including U.S. retailers Walmart (WMT.N) and Costco (COST.O), that operates a PBM service for employers. PBMs serve as intermediaries between drug manufacturers, health insurance plans and pharmacies to negotiate prescription drug prices.

☆ Mark Cuban says he doesn't need his billions: I'd ‘for sure’ be just as happy with 1% of my net worth
▼ + stars: | 2023-01-10 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Mark Cuban says he'd be just as happy today without as much as 99% of his estimated $4.6 billion fortune. In an interview with CBS's "Sunday Morning" on Sunday, the 64-year-old owner of the NBA's Dallas Mavericks was adamant that he doesn't need his billions. When asked if he'd be happy with "1% of what you're worth," Cuban replied, "Yes. One percent of $4.6 billion — Forbes's current estimate of Cuban's net worth — is still $46 million, a lot more than many people see in a lifetime. In 1999, Yahoo paid $5.7 billion in stock to acquire the company, turning Cuban into an instant billionaire.

☆ Engineer saw how diapers were made, thought she could do better—now she has a $250,000 'Shark Tank' deal
▼ + stars: | 2023-01-10 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

In 2012, Amrita Saigal quit her dream job. In 2021, she launched Los Angeles-based Kudos, which makes disposable diapers from cotton and other sustainable materials — and on Friday's episode of ABC's "Shark Tank," she scored a $250,000 investment in Kudos from Mark Cuban and guest Shark Gwyneth Paltrow. Saigal also expressed plans to launch new products, including trainer swim shorts and adult sanitary products. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank." Sign up now: Get smarter about your money and career with our weekly newsletterDon't miss:This ‘Shark Tank’ side hustle had almost zero revenue — here’s why Mark Cuban invested anyway17-year-old ‘Shark Tank’ contestant made slime in his garage, sold it to his friends, brought in $1 million in just 3 years

☆ Mark Cuban on the habit all 30-somethings need to succeed: Without it, 'you're not expanding your mind'
▼ + stars: | 2022-12-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

If you can't come up with a New Year's resolution, Mark Cuban has you covered. On Sunday, the Dallas Mavericks owner told Bill Maher on the "Club Random" podcast that everyone over 30 should be reading every day. "Somebody 40 and over, even 30 and over, if you're not reading, you're f---ed… because you're not expanding your mind," Cuban said. "I tell my kids… 'Somebody who doesn't read lives one life, somebody who reads an unlimited number of lives.'" But Cuban said he had to adopt a different strategy for his son, now 13, who doesn't like to read.

☆ Mark Cuban’s advice for young people starting a business: ‘It really comes down to one simple thing’
▼ + stars: | 2022-12-25 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Billionaire Mark Cuban was only 12 years old when he launched his first side hustle, so he knows what it takes to start a business at a young age. And, he says there's one simple thing you need to consider if you want to do it, too. "If it's a product, do something that's easy for you to get and easy for you to sell," Cuban said, adding: "It really comes down to one simple thing. As long as you don't mind putting in that work, especially after you choose your business opportunity, a world of opportunity can open up for you, Cuban told the high school students. "If you're willing to take the initiative and start a business, anything is possible," he said.

The Mark Cuban Cost Plus Drug Company negotiates directly with drugmakers. So far, that's been the strategy for the Mark Cuban Cost Plus Drug Company. In October, Cost Plus Drug Company announced a partnership with Capital Blue Cross. Cuban said he wanted Cost Plus Drug Company to be as transparent as possible on pricing. Cost Plus Drug Company is considering a test program for insulin that would offer a 90-day supply of insulin, or a total of 12 vials, for $170.

☆ Mark Cuban has 4 rules for making money—No. 4 is: 'Know your s--t better than anyone else in the room'
▼ + stars: | 2022-12-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Mark Cuban says anyone can become a millionaire by following his four rules of success. "Selling isn't about convincing, it's about helping," Cuban told the School of Hard Knocks in a TikTok. "When you walk into a room, you [need to] know your s--t better than anyone else in the room," he said. That lesson may be why Cuban seems confident enough in his four rules to stake his own livelihood on it. "I would get a job as a bartender at night, and a sales job during the day, and I would start working," Cuban said.

☆ Boies law firm makes odd moves in FTX case against Tom Brady, celebs
▼ + stars: | 2022-12-15 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

That was apparently not what the Boies and Moskowitz firms were hoping. In mid-November, the firms filed the first of their three FTX lawsuits in federal court. On Nov. 21, the Boies and Moskowitz firms filed a second FTX class action, this time on behalf of non-U.S. FTX customers. The day after Bloom’s assignment to the case, the Moskowitz and Boies firms voluntarily dismissed the two previously-filed FTX class actions before Moore and Gayles. “As we got more cases, we filed more cases,” Moskowitz said.

☆ Mark Cuban cold-called the Dallas Mavericks' CEO to get her to take the job
▼ + stars: | 2022-12-06 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Finally returning his messages eventually led to her appointment as CEO of the Dallas Mavericks, Cuban's NBA team. "I honestly didn't know who Mark Cuban was," Marshall told the Dallas Observer in 2018. Marshall told Fortune in October of her thinking at the time. Since the two were initially strangers, their first phone call simply involved "getting to know a little about each other," Marshall told Yahoo Finance. Cuban laid out the issues facing the Mavericks' workplace on the phone, Marshall said.

☆ When Mark Cuban bought the Dallas Mavericks, he refused an office or big desk—here's why
▼ + stars: | 2022-11-26 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

But when Mark Cuban bought the Dallas Mavericks for $285 million in January 2000, he didn't get his own floor-to-ceiling windows or a mahogany desk. "I wanted everybody that worked with me to see that if I asked them to do it, I'll do it," Cuban told GQ. He bought the team because he thought he could make it better and sell more tickets, he said. When he bought the team that January, Cuban said he put his desk in the center of the bullpen. Cuban's method appears to have worked, as the Dallas Mavericks' team value has steadily increased over the years.

☆ Mark Cuban says he's cautiously optimistic about Elon Musk making Twitter a safe and sustainable platform
▼ + stars: | 2022-11-21 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Mark Cuban said he was "cautiously optimistic" about Elon Musk making Twitter safe for users. Cuban said Twitter's biggest challenge was making Twitter users feel safe on the platform. Elon Musk is smart and been here before. I'm cautiously optimistic he figures it out and the platform is safe and sustainable," Cuban said. Other staff from Twitter's privacy and security unit have also left, including its chief information security officer, its chief privacy officer, and its chief compliance officer.

☆ Mark Cuban still believes in crypto despite FTX collapse—here’s why
▼ + stars: | 2022-11-18 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Although the implosion of one of the world's largest cryptocurrency exchanges has left many investors shaken, billionaire Mark Cuban still believes in crypto. Cuban has remained invested in crypto because he believes in smart contracts, one of the key underlying technologies that allow crypto transactions to be made, he explained on Twitter on Nov. 13. Essentially, a smart contract is a computer program that is embedded into a blockchain network. The "smart contract" within the machine is coded to dispense the selected item after the payment is made. Cuban believes smart contracts will have a significant impact in creating valuable applications that have utility for everyone.

☆ Mark Cuban reveals the 14-second pitch he used to make money at his first sales job
▼ + stars: | 2022-11-13 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

A 12-year-old Mark Cuban sold trash bags door-to-door. The billionaire serial entrepreneur and Dallas Mavericks owner recently told GQ magazine that a family friend gave him the opportunity, marking his first-ever sales job. The friend sold Cuban boxes of trash bags for $3, so Cuban could turn around and sell them around the neighborhood at $6, to save money for sneakers. Cuban said he developed a 14-second pitch for every customer. In 2020, Cuban told the "Raising the Bar" podcast that he receives about 1,000 emailed pitches per day — and he judges them by only their first few sentences.

☆ Mark Cuban tells Elon Musk 'your business, your decision' after his suggestion that only certain users should pay the $8 verification fee was bluntly rejected
▼ + stars: | 2022-11-07 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Mark Cuban told Elon Musk that Twitter was "his business," following an exchange between the pair. Elon Musk replied to Cuban, saying: "$8 for all." Cuban wrote in the tweet. Musk replied to Cuban, saying: "$8 for all." Your decision," Cuban wrote in a quote-tweet to Musk.

☆ Mark Cuban: Don't use credit cards—if you do, 'you don't want to be rich'
▼ + stars: | 2022-11-04 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Billionaire entrepreneur Mark Cuban suggests you pay off all your credit cards — and then burn them. "If you use credit cards, you don't want to be rich," Cuban said during an interview with personal finance radio personality Dave Ramsey on "The Ramsey Show." Cuban's biggest issue with credit cards: high interest rates, he told Ramsey. What Cuban suggests instead of credit cardsTake out a personal loan as an alternative to using a credit card, Cuban proposes. Similar to credit cards, your credit score could take a hit if you miss a payment.

☆ Mark Cuban says this is 'one of the worst traits' he's ever seen in a 'Shark Tank' contestant
▼ + stars: | 2022-10-25 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

On Friday's episode of ABC's "Shark Tank," the billionaire investor highlighted one startup founder as an example of the latter category. "One of the great traits of any good entrepreneur is resilience, and you've certainly shown that," Cuban told Amy Leinbach, the founder of children's tool company Big Bee, Little Bee. The Huntington Beach, California-based company is known for the ScrubBee, a handheld silicone scrubber that brought in 80% of Big Bee, Little Bee's sales last year. Leinbach asked the Sharks for $100,000, in exchange for a 20% stake in Big Bee, Little Bee. At the time of taping, she said she had already invested $100,000 of her own money to build "Marker Parker."

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