After 13 seasons on ABC’s “Shark Tank,” Mark Cuban approximates that he’s had about as lots of hits as misses out on.
Some of his on-screen offers have actually exercised terrific, he states. Others, not a lot. Such is the danger of investing. But even when it pertains to the ones that ultimately left him scratching his own head, Cuban informs CNBC Make It that he has “no regrets.”
By Cuban’s own estimate, approximately one in 4 of his “Shark Tank” offers “have done really well or crushed it,” he informed a regional Denver ABC affiliate onFriday “Fifty percent … have been good and continue to go on, and 25% where I just think to myself: ‘What the hell was I thinking?'”
One significant example: Cuban has actually highlighted the Breathometer, billed as “the world’s first smartphone breathalyzer,” as his worst “Shark Tank” financial investment to date. Cuban stated he lost approximately $500,000 on the offer, after buying business in 2013.
“That was my biggest beating,” Cuban informed CNBC Make It in July.
In overall, the billionaire financier has actually struck more than 200 on-screen offers worth more than $61 million in his time on the program, according to a current online price quote. On Monday, Cuban informed Forbes that the real-life figure is better to $29 million: Not all of the offers illustrated on the program make it all the method to closing.
Cuban states his “Shark Tank” offers aren’t constantly exclusively about generating huge monetary returns. “I’m good with that with my ‘Shark Tank’ companies,” Cuban wrote on Twitter inJuly “I don’t do the show to get the best investments. And I don’t always invest because I think I’ll make money. Sometimes my deals are purely to help someone or send a message.”
That’s why he does not appear to mind not yet remaining in the black when it pertains to his overall financial investments on the program. In July, Cuban informed the “Full Send” podcast that he’s taken a bottom line on all of his “Shark Tank” financial investments up until now. He later on clarified that he indicated “on a cash basis,” just representing the financial investments he’s currently left.
“I haven’t gotten out more than I have put in. But that doesn’t account for all the ongoing, operating businesses and their valuations,” Cuban informed CNBC Make It at the time.
Deals that flop are an inevitability of investing, according to fellow “Shark Tank” star Kevin O’Leary “You make 10 financial investments, you get 2 to 3 big hits. And it spends for the other 7 [failed investments],” O’Leary informed CNBC Make It last month.
Still, Cuban states he’s starting to consider when he needs to step far from “Shark Tank” to concentrate on his own endeavors, consisting of the brand-new online drug store Cost Plus Drugs.
“Part of me wants to quit,” Cuban informed Forbes on Monday.
The financier didn’t provide any timeline for when he may leave the popular program, however stated the program might likely weather his exit: “They’ll survive fine without me.”
Disclosure: CNBC owns the unique off-network cable television rights to “Shark Tank.”
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