TIP208: Billionaire Mark Cuban Lessons (Business Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 16 September 2018

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today’s show we are going to be covering billionaire Mark Cuban. After being fired from his first job, Mark started his own company called Micro Solutions. Within a decade, Mark sold the company for 6 million dollars and started a second business that streamed college sports over the internet. Within another decade, Mark sold Broadcast.com for 5.7 billion to Yahoo! During our show, we play some interesting questions that Mark has been asked about his time as an entrepreneur. IN THIS EPISODE YOU’LL LEARN: Why Mark Cuban believes sales is the most underrated skill in business Why Mark Cuban invested every penny, he had into a put option after he sold his company to Yahoo! Why Mark Cuban thinks you shouldn’t raise capital if you’re an entrepreneur Why Mark Cuban wants you to consider if you’re adding or reducing stress? Ask The Investors: Is the stock market a zero-sum game? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Related Episode: Listen to Preston and Stig’s discussion of Mark Cuban’s book, Winning at the Sports of Business or watch the video here. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 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Transcript

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0:00.0	You're listening to TIP.
0:02.0	Hey, how's everyone doing out there on today's show we're going to be covering billionaire
0:06.5	Mark Cuban.
0:08.1	Mark is a fellow Pittsburgh Pennsylvania guy and after attending college in Western PA,
0:13.3	Mark moved to Texas and became a bartender and then started working in sales at a software
0:18.6	company.
0:19.6	But after being fired from his job in a short amount of time, Mark started his own company
0:24.3	called micro solutions.
0:26.7	After selling the business for $6 million in under a decade, Mark started a new business
0:32.1	that streamed college sports over the internet.
0:35.3	Within another decade, Mark sold broadcast.com for $5.7 billion to Yahoo.
0:42.3	During our show, we play some interesting questions that Mark has been asked about his time
0:46.1	as an entrepreneur in building this billion dollar enterprise.
0:50.0	So without further delay, we hope you enjoy our coverage of billionaire Mark Cuban.
0:57.7	You are listening to the Investors Podcast where we study the financial markets and read
1:03.0	the books that influence self-made billionaires the most.
1:06.2	We keep you informed and prepared for the unexpected.
1:18.2	All right, welcome to the Investors Podcast.
1:20.9	Stig and I are so excited to have you here.
1:23.2	And like we said in the introduction, we're going to be talking about Mark Cuban.
1:26.6	So without any hesitation, we're going to cover the first question.
1:29.9	This was whenever Mark was asked, let's talk about your first tech business, micro solutions,
	...

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