Mark Cuban Loves Crushing Scam Artists On "Shark Tank"

Mark Cuban Loves Crushing Scam Artists On "Shark Tank"
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The business mogul reveals his favorite quotes and his number one piece of business advice.
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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.
I don't know.
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.
Almost exactly a year ago in this chair. exactly the same spot.
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.
I think I scare people away every year.
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.
No, trust me.
Who's more mean though, Kevin or Barbara?
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.
I've seen Cuban cry in his trailer, you know, and I wanna know that story.
So, Cuban and I were butting heads on a deal.
You're always butting heads.
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.
What is up with the tension with you and Chris? Is it like
He just looks up to me, you know.
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.
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.
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?
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.
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.
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.
Your whole thing with calling out scam artists.
Yeah, I love it.
You love crushing people.
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.
Okay, then lastly, is it do you have a favorite quote that you live by? You have a lot of quotes.
I have a lot of quotes.
And everyone quotes you for the most part. But is it Is there a couple of
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.
Your number one advice to entrepreneurs.
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.
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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?+
What is Mark Cuban's approach to scam artists on 'Shark Tank'?+
What are Mark Cuban's favorite business quotes?+
What is Mark Cuban's number one business advice for entrepreneurs?+
Who are some of the other 'Sharks' mentioned in the interview?+
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