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Mark Cuban on the Next Big Thing & the Future of Social Media

Mark Cuban on the Next Big Thing & the Future of Social Media

4:17·By Gemma G
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YH hits up DirecTV's Super Saturday Night pre-Super Bowl XLVIII bash in New York City, and whom should we run into but Mr. Mark Cuban! The business mogul and sports fan reveals to us what he thinks will be the next big breakthroughs in everyday technology, including the future of social media! He also tells us a couple of his simple pleasures and offers advice to other aspiring entrepreneurs! Hosted by Nikki Novak (@nikkinovak). Check out the Young Hollywood Store Here: http://shopyounghollywood.com/

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Young Hollywood

Nikki Novack here for Young Hollywood on a very chilly red carpet. We are at the biggest party of the year. I can't stay. I gotta go. Jay-Z's about to perform. How are you?

Mark Cuban

Yeah, I'm the responsable for somebody getting into this party tonight. Yeah, maybe a couple of people.

Young Hollywood

Me us?

Mark Cuban

Yeah, maybe Tracy, I'll see the whole crew in RJ, so it'll be fun.

Young Hollywood

Were you responsible for Jay-Z here tonight?

Mark Cuban

Um, actually that was more direct TV, it was collaborative effort. Don't take credit. Nah. You don't need to. In your life you don't need to take credit. I'm good enough, right. No, it was more Direct TV, the folks at Direct TV did a great job but we started planning this the minute Justin Timberlake was finished playing in New Orleans last year.

Young Hollywood

Really? You didn't even get a beat?

Mark Cuban

No, I was like done, doom, let's go after.

Young Hollywood

How do you have fun at these parties? Do you have fun at these parties? Do you dance? I know you were on Dancing with the Stars. I know you have moves.

Mark Cuban

I'm a fish. Right. I'll get out there. I party hard. So the first, the first two hours I'll hang and I'll do my business thing and the next two hours I'll be like just make sure I stay dressed and we're okay.

Young Hollywood

I know everybody thinks of you as this, you know, obviously a mega mogul. Right. Simple pleasure that you enjoy. Right? Like castles and 7-Eleven hot dogs.

Mark Cuban

I'm easy breezy.

Young Hollywood

You obviously have a knack for knowing when something's gonna hit. Like what's the next big thing type stuff?

Mark Cuban

I think personalized medicine. So like, um, when you have your 12 kids, right, by the time you get to the 12th, they'll be like, "Mom, did you really just take like an Advil? Doesn't it have a warning saying you could die from taking this?" And you'll be like, "Yeah." And they'll be like, "No, you just take a drop of blood and then it mixes up and pops out the right medicine." So that's gonna be a big deal, sensors that kind of know what you're thinking and know what you're doing, that just like gets things done for you. It's gonna be weird. It's gonna be a wild world, the Jetsons.

Young Hollywood

What do you think about the future of social media? It's such a huge thing right now. Where is it going?

Mark Cuban

It's gonna change a lot. Um, Facebook has kind of become the the refrigerator door for social media. You know how like when your parents come over, you put certain pictures on the refrigerator, right? And then when your

Young Hollywood

Their of them?

Mark Cuban

Yeah, them, right. And then when your friends come over a different set of pictures goes on. And then, you know, when you're messed up, you know, or you come home drunk, then you pull them all down because it's like So, that's kind of where Facebook come. I think things are going more towards a Snapchat type thing. Not necessarily Snapchat per se, where we don't want a footprint, right? Because it's crazy now but you can go back and depending where you went to school, you're gonna have 10 years of pictures on Facebook, you know, and and so I think that starts to work against it. And so you're gonna see you're instead of using a text messaging like you do now, where it stays with the phone company, you're gonna use text messaging apps like Cyberdust and stuff like that where they just disappear. And so, you know, I think we're gonna want a zero footprint because we'll keep what we want and we don't want anybody to be able to find us.

Young Hollywood

You're making me curious now if there's anything that you've put out there that you wish was not out there anymore.

Mark Cuban

Oh, okay, I'll tell you a story, right? So, um, I played rugby and when I played rugby, it was not unusual for us to take off a lot of clothing and do a lot of stupid stuff, right? And so, um, I had a bunch of pictures from back then that friends would send me and all this kind of stuff and I had my little collection of just crazy stuff like, you know what Flambeau is? Fill your mouth with wild turkey and hold it up with match, and it would Anyway, you know, I had all of them on my PC and right when Google+ came out and where I signed up for Google+, I had no idea that it automatically uploaded your pictures. And and so with I it was only on there for like an hour and I get this email from Deadspin, you know, and it's like Mark Cuban going out of his mind during his rugby college days. There were some guys where there were pictures that made him look really bad, right? Where it's one thing for me, I'm kinda used to it, right? But my buddies from school it's like they they didn't sign up for it. And so I made him a deal where I would narrate the pictures in exchange for them taking down certain pictures. Um, and so we did a deal. So if you go on Deadline now, it's one of the at least as of last time I looked, it was one of the five most viewed stories ever on Deadline. Oh yeah, it's great. Somebody who wants to get something off the ground or has an idea they don't know what to do with it, you know. You gotta do the work. I mean, everybody's got an idea. I mean, everybody wants to be a host on Young Hollywood. Everybody thinks they're gonna make it, right. It's a tough ass job out there. Don't think that this is easy. Right. But yeah, you just gotta do the work. Most people just have the idea and they think, well, if I only, you know, if I get the idea that's enough. And actually that's the easiest part. You gotta do the work. It's like Young Hollywood. There's a lot of people that got on YouTube thinking they were gonna do a lot of great stuff in entertainment and they're gone. And so it's just about effort more than anything else.

Timestamps are approximate — click one to jump the player.

PEOPLE MENTIONED

  • Nikki Novak

    Interviewer for Young Hollywood

  • Mark Cuban

    Interview subject, business mogul

  • Jay-Z

    Performing at the party

  • Tracy

    Someone Mark Cuban might get into the party

  • RJ

    Someone Mark Cuban might get into the party

  • Justin Timberlake

    Performed in New Orleans the previous year

FAQ

What is Mark Cuban's prediction for the next big thing in technology?+
Mark Cuban believes personalized medicine, where specific medication is created based on individual blood analysis, will be the next big breakthrough. He also mentions sensors that anticipate needs and get things done for you.
How does Mark Cuban view the future of social media?+
Mark Cuban thinks social media is moving away from permanent footprints, similar to Snapchat, towards platforms where content disappears. He predicts a desire for zero digital footprint, with apps like Cyberdust for ephemeral messaging.
What advice does Mark Cuban offer aspiring entrepreneurs?+
Mark Cuban advises aspiring entrepreneurs that having an idea is the easiest part; the most crucial step is to "do the work" and put in consistent effort.
What is Mark Cuban's simple pleasure?+
Mark Cuban says he enjoys simple pleasures like castles and 7-Eleven hot dogs, describing himself as "easy breezy."
What was Mark Cuban's Google+ photo story?+
Mark Cuban recounted how Google+ automatically uploaded old rugby photos from his PC, leading to a Deadspin article about his college days. He made a deal to narrate the photos in exchange for some being taken down.

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