CVNA - Mark Cuban To Exit Shark Tank: Reflects On His Worst Deal And Surprise Success Shared With Benzinga | Benzinga
Since becoming a regular on "Shark Tank" in season 3, Mark Cuban has invested over $20 million in at least 85 companies.
Cuban announced recently that he will be leaving the show after its 16th season saying “it’s time.”
Here’s a look back at one of Cuban’s best deals and one that he said was his worst.
What Happened: Appearing on the Full Send Podcast in July 2022, Cuban said he has not made back the more than $20 million he has invested in 85 startups on Shark Tank.
When articles and Twitter posts started mentioning how Cuban’s Shark Tank investments are currently at a loss, the entrepreneur was quick to clear the air.
"What I said was on a cash basis for my Shark Tank companies, I hadn't taken in more than I put out. On a market to market basis, which most VCs (venture capital) use, I'm doing great," Cuban tweeted.
Cuban tweeted he's not a fan of the market to market valuations used by private equity and venture capitalist firms.
"Should illiquid valuations count?" Cuban asked.
A Twitter user asked Cuban if he should get the benefit of returns on investments that haven't been exited yet if they're winners.
"I'll realize those gains when a transaction happens. But you don't know when or how much ‘til that point in time," Cuban said.
Related Link: Mark Cuban Doesn’t Understand Product, But Invests $400K In Company Because His Daughters Do
Key Investments: Cuban recently commented on the Full Send Podcast about his worst investment from Shark Tank.
In 2013, Cuban and four other Sharks invested in a company called Breathometer, which was pitched as "the world's first ...