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The Journal.

Mark Cuban on ‘Shark Tank,’ the Mavs and Elon Musk

The Journal.

The Wall Street Journal

News, Daily News, Business News

4.25.8K Ratings

🗓️ 6 February 2024

⏱️ 22 minutes

🧾️ Download transcript

Summary

Mark Cuban is best known as a panelist on the reality TV show “Shark Tank” and for his ownership of the NBA’s Dallas Mavericks. Now, the billionaire investor is switching gears. This will be his last season on “Shark Tank,'' and he recently sold a majority stake in the Mavericks. Instead, he’s focusing more on an industry he wants to disrupt: healthcare. Further Reading: -Mark Cuban Enters Elon Musk’s Echoverse of Madness -Mark Cuban Is Set to Sell Majority Stake in Dallas Mavericks to Adelson Family -Mark Cuban Has a New Job: Working at an Online Discount Pharmacy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Mark Cuban is known for a lot of different things. If you're a basketball fan, like me, you've probably known him as the owner of the NBA's Dallas Mavericks.

0:17.0

But this team has so much heart, so much determination.

0:20.6

If you love business, also like me, you've surely seen him on the show Shark Tank

0:26.0

where he's been striking deals and crushing dreams for 15 years.

0:30.0

Look we all make mistakes as entrepreneurs but I just really don't think you have your act together on this.

0:36.2

For those reasons, I'm out.

0:39.0

But now, he's taking a step back from the things he's been most known for.

0:43.2

This year will be his last season on Shark Tank,

0:48.4

and he just recently sold the majority stake in the Mavericks.

0:52.1

I wanted to ask him about these decisions.

0:55.4

So yesterday, Mark and I got on a video call.

0:58.9

Are you like in a spaceship? Just in a plane.

1:02.3

Ah, is this your private plane? My private plane, yep. Nice. It's a great place to do an interview.

1:08.0

It's a great place to do anything.

1:10.0

These days Mark, who turned 66 this year is giving more of his attention to a new arena,

1:20.9

health care, with a startup that sells cheap prescription medication online.

1:26.3

He says it has the potential to disrupt the industry.

1:30.0

It's actually, and this is going to sound crazy, it's been the easiest business I've ever had to grow.

1:39.0

Welcome to the Journal, our show about money, business, and power.

1:43.0

I'm Ryan Knutzen.

1:45.0

It's Tuesday, February 6th.

1:47.0

Coming up on the show, a conversation with billionaire investor Mark Cuban. Like some kind of pizza Ninja, Domino's are slicing their prices.

...

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