The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Cuban refuses to invest in venture-backed companies that buy market share
“The type of investments I won't do or don't do is ones where companies buy sales. So this is going to be a company that has to raise five hundred million to do one hundred million in sales because they want to own market share. And then they can get an exit be…”
Cuban says he will never invest for a 1% or 2% stake
“You'll never see me invest to get one or two percent, because the company can't get big enough for me to get a material enough return to have it impact my net worth, just to be brutally honest.”
Mark Cuban: Cost Plus Drugs charges a 15% markup plus $8 fees
“The goal for us is to take generic drugs and be very transparent in what our costs and operation costs are and sell everything at a 15% markup. And from there, we add a three dollar handling fee and a five dollar shipping fee.”
Cuban: Cost Plus Drugs does not accept health insurance payments
“You can't pay using insurance on costplusdrugs.com. You have to, you know, put in your credit card and pay that way.”
Cuban lost money on the Mavericks by prioritizing winning over profitability
“Then I bought the Mavericks and we were losing money because I cared more about winning than making money.”
Cuban claims AudioNet was the only internet broadcasting company when founded
“When we started audio net, it wasn't like there was a streaming market. It was nice. It was nobody, not one single company doing what we were doing. And that was the exciting part because everything we did was the very first time it was done.”