Skip to main content
Young Hollywood

Mark Cuban Loves Crushing Scam Artists On "Shark Tank"

Mark Cuban Loves Crushing Scam Artists On "Shark Tank"

5:19
Share

About this video

The business mogul reveals his favorite quotes and his number one piece of business advice.

CHAPTERS

KEY MOMENTS

KEY TOPICS

FULL TRANSCRIPT

Read alongShow ↓
Young Hollywood

I am here, Mark Cuban. You are the epitome of Young Hollywood. I think I think I'm gonna give I'm gonna give you that credit right there.

Guest

I don't know.

Young Hollywood

Yeah, there you go. See, I represent. I feel like this was like Deja vu. We were just here last season and now we're like almost exactly a year ago.

Guest

Almost exactly a year ago in this chair. exactly the same spot.

Young Hollywood

You know, if you show them that someone from a small town in the middle of nowhere can do it, it gives them confidence that they can do it. The people who are from Dallas, cuz they always like Oh, man. And That's okay, just give it another minute. That's right. I took Barbara/Damon's chair. Had a moment of a shark experience. And Robert, you shouldn't go tell anybody, but Robert actually sits there.

Guest

I think I scare people away every year.

Young Hollywood

You know that I know that because I think it was Chris or somebody on their Snapchat said that Robert was sitting and I was like, what? Oh, that's right, he put a sign up. Yeah, you know what happened with that? He just wanted to like be close to you.

Guest

No, trust me.

Young Hollywood

Who's more mean though, Kevin or Barbara?

Guest

Mark. Oh. No, they just like, you know, they spice things up and Chris and I get into it all the time. So, having him on the opposite side kind of balances things out and makes it more interesting.

Young Hollywood

I've seen Cuban cry in his trailer, you know, and I wanna know that story.

Guest

So, Cuban and I were butting heads on a deal.

Young Hollywood

You're always butting heads.

Guest

Because that that's part of why I'm here. Somebody has to call BS on Mark Cuban. Things happen, you know. We get into fights. I my fellow Sharks yesterday, seriously? I was like, oh my God. Like, just I wanna get out of here alive. Last night, Cuban and I are cutting are are butting heads. And I got back to my trailer after the night of filming was done and where it says Chris Saca Shark, somebody had put a sticker over it, said Mark Cuban for President. I mean, come on. That's just like the worst, ugliest revenge. No.

Young Hollywood

What is up with the tension with you and Chris? Is it like

Guest

He just looks up to me, you know.

Young Hollywood

Well, he told me that you guys got into a little bit of a fight yesterday and that you were crying in your dressing room. I was like, please tell me that story immediately.

Guest

Oh, yeah, so if there's if there's a little battle between Chris and I, I typically don't know what happened. But it's a big deal to Chris, so that's okay.

Young Hollywood

Season eight, it the show is so popular now. How would you say your standards of investing and your level of expectations for entrepreneurs coming into the tank now, how has it evolved over the years?

Guest

Oh, yeah, the deals have gotten much better, better companies, bigger deals, more money. I just did a deal for a half a million dollars. When I first started, the deals were $25,000, $50,000, $75,000. The big theme on Season 8 is the deal sizes are huge. Huge. Huge. Second guest: Well, it's clearly the smartest entrepreneur on the set, including me, is Mark Cuban. Because he has a talent pool that is not one-dimensional. He's very good at sizing up people. Key in any business investment, are the kids gonna make it or not? You gotta make that judgment.

Guest

It's completely different. I mean, a company called like Tail Lights where he'd put like a a lit patch on on some girl's jeans and called it a product, right? But what happened was, the uncle had his nieces and he had these like lit patches that he had just put together and he was selling online for like $10 a pop, and it was just had like an emblem, but it would light up. And you'd put it on your back pocket of your jeans and he had two girls out there that were probably 20, 21. And they came out there and they were doing the little shake, shake, shake thing, right? And I said, would you wear those on a date? And they just melted, right? And the guy and I'm like, like, are you related to him? Because that's why you're out here. He's my uncle. So, we went from those types of deals to see now there's a car right there, there's all kinds of You know, there's there's actually a legitimate car. That's why we couldn't stand over there.

Young Hollywood

No, you're not allowed to look. Yeah, you're not allowed to look. Second guest: And by the way, the biggest advantage of all, he's sitting on that big red chair sitting on, what is it, $4 billion now? Do you know how much easier it is for him to lose $500,000 than me, who's only a millionaire? Yeah. No, come on. Mark, he's the man. I like Mark. But I don't like doing business with any of the Sharks. I really don't. Um, I'll tell you why. You know what, it's just a it's a bunch of chefs. It's just a bunch of chefs. You know, like Cuban, you know how much money this guy has. So, if I'm up there trying to sit there and say, is this a right investment? He's so busy just trying to go and play basketball, he just gives a person a million dollars. And then I go, well, 50% of that was mine, all right? Just in case.

Young Hollywood

Your whole thing with calling out scam artists.

Guest

Yeah, I love it.

Young Hollywood

You love crushing people.

Guest

I love it. Uh, no, not crushing. Like, if you're an entrepreneur and your heart's there and you're into this is your life, I'll do I'll give you advice. I'll never rip on you. If you're a scam artist and you're trying to take advantage of people, like with the balance bracelets and you know, like, you do, no, or like Pavlok, you know, instead of just taking a rubber band and twitching yourself, you um like get zapped, I will nail your butt against the wall. So, I love scam artists. Bring 'em on.

Young Hollywood

Okay, then lastly, is it do you have a favorite quote that you live by? You have a lot of quotes.

Guest

I have a lot of quotes.

Young Hollywood

And everyone quotes you for the most part. But is it Is there a couple of

Guest

My favorites are, um, business is the ultimate sport. It's competition 24x7x365. And then the second big quote I have is, the one thing in life you can control is effort. So, if you're going to get into business, you gotta control your effort and work hard.

Young Hollywood

Your number one advice to entrepreneurs.

Guest

Find something you love to do and be good at it. You know, be great at it. And that's typically the start of a great business.

Timestamps are approximate — click one to jump the player.

PEOPLE MENTIONED

  • Mark Cuban

    Interview subject and business mogul

  • Barbara Corcoran

    Fellow 'Shark Tank' investor

  • Damon John

    Fellow 'Shark Tank' investor

  • Robert Herjavec

    Fellow 'Shark Tank' investor

  • Chris Sacca

    Fellow 'Shark Tank' investor and frequent rival

  • Kevin O'Leary

    Fellow 'Shark Tank' investor

FAQ

How has 'Shark Tank' evolved in its investments?+
Mark Cuban states that the deals on 'Shark Tank' have gotten much better over the years, with bigger companies, larger deals, and more money involved, contrasting initial deals of $25,000-$75,000 with current ones reaching half a million dollars or more.
What is Mark Cuban's approach to scam artists on 'Shark Tank'?+
Mark Cuban enjoys exposing scam artists who try to take advantage of people, stating he will 'nail their butt against the wall,' but he offers advice to genuine entrepreneurs with passion.
What are Mark Cuban's favorite business quotes?+
Mark Cuban's favorite quotes are 'Business is the ultimate sport; it's competition 24x7x365' and 'The one thing in life you can control is effort.'
What is Mark Cuban's number one business advice for entrepreneurs?+
His number one advice for entrepreneurs is to 'find something you love to do and be good at it,' emphasizing that being great at it is typically the start of a great business.
Who are some of the other 'Sharks' mentioned in the interview?+
Other 'Sharks' mentioned in the interview include Barbara Corcoran, Damon John, Robert Herjavec, Chris Sacca, and Kevin O'Leary.
Editor's Cut

MORE FROM YH

Hand-picked by the Young Hollywood editors — the stories shaping this beat this week.