Mark Cuban says he is leaving “Shark Tank” after the popular ABC show’s next season wraps up, ending an over 10-year-long tenure during which he’s invested at least $29 million in at least 85 companies whose founders appeared on the show, per Forbes.
Read full article by Forbes: https://www.forbes.com/sites/antoniopequenoiv/2023/11/27/mark-cuban-exiting-shark-tank-after-over-10-years/?sh=67f3f0ca3f64
Summary:
Cuban expressed that it's time to step away from the show. He initially appeared as a guest on Shark Tank in season 2 before becoming a regular shark in the following season. Cuban has been a popular and consistent presence on the show ever since.
During the interview with hosts Matt Barnes and Stephen Jackson, Cuban emphasized his love for the show, stating that it conveys the message that the American dream is still alive and thriving. He believes that participating in Shark Tank has played a role in training multiple generations of entrepreneurs, inspiring kids from various backgrounds that they, too, can achieve success.
Reflecting on his investment experiences on the show, Cuban mentioned that while he may be down a bit on a cash basis, the companies he invested in are still operational, resulting in a significant overall gain.
When asked about his investment criteria on Shark Tank, Cuban emphasized the importance of listening to the entrepreneurs. He pays attention to body language and observes that the harder they have to work to sell their idea, the less appealing the deal. Cuban follows a rule: the longer the back story, the less favorable the deal. He values entrepreneurs who can concisely articulate their business and explain why they will be successful.
