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Mark Cuban Profile picture
@mcuban
May 7, 2020 • 4 tweets • 1 min read • Read on X
The "Fabric of Who We Are" is being innovative, entrepreneurial and resilient. That Fabric will lead us to create new companies & opportunities that recognize the changes Covid has forced on our world. Pretending things will return to how they were 10 weeks ago is a huge mistake
Yes, we will have to take intermediary steps like Federal Jobs Programs to get people working and give them confidence to spend money without fear of losing those jobs. We will have to evolve from top down to bottom up support to build over all consumer confidence.
But from these changes in approach the USA will do what we always do, we will innovate and create a better way of doing things that revitalizes the economy and the country. I have complete faith in this statement. But we have to allow change, we can't conserve the past.
As Abraham Lincoln wisely said "The best way to predict the future is to create it" Now is the time for America to Create our Future !

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More from @mcuban

Mark Cuban Profile picture
Jan 3
Let me help you out and give you my thoughts on DEI
1. Diversity
Good businesses look where others don't, to find the employees that will put your business in the best possible position to succeed.
You may not agree, but I take it as a given that there are people of various races, ethnicities, orientation, etc that are regularly excluded from hiring consideration. By extending our hiring search to include them, we can find people that are more qualified. The loss of DEI-Phobic companies is my gain.

1a. We live in a country with very diverse demographics. In this era where trust of businesses can be hard to come by, people tend to connect more easily to people who are like them. Having a workforce that is diverse and representative of your stakeholders is good for business.
2. Equity
Treating people equally does not mean treating them the same.
I made the mistake for a lot of years thinking it did.

Equity is a core principle of business.
Put your employees in a position to succeed. Recognize their differences and play to their strengths where ever possible. It is not a hard concept. But it is not easy to implement. Most workforces don't have the depth of management to do this well. When it's not done well it can create tension and resentment.
3. Inclusion
One of my favorite sayings is that "Great employees reduce the stress of those around them"

Great companies create environments that reduce unnecessary stress of their employees (Im not talking hitting quota or getting the product out the door stress), which in turn increases productivity
This is what Inclusion is all about. Making all employees, no matter who they are or how they see themselves, feel comfortable in their environment and able to do their jobs

Again, it's not easy.
Read 5 tweets
Mark Cuban Profile picture
Mar 11, 2023
A couple SVB thoughts. 1. 250k is too low. It's insane that a small company with say 2.5m in payables and payroll at the end of the month should be "prudent" and split their cash across 10 banks in case of a run. The fees and admin would be crazy. But great for banks
2. Where were regulators ? They are supposed to watch and warn. 3. Can't wait to see how many people yanked their money, told others to, and shorted the stock. 4. Will the number of emps that aren't paid this week lead to a multiple of that number not being paid in 2 weeks ?
5. The Fed should IMMEDIATELY buy all the securities/debt the bank owns at near par, which should be enough to cover most deposits. Any losses paid for in equity and new debt from the new bank or whoever buys it. The Fed knew this was a risk. They should own it
Read 6 tweets
Mark Cuban Profile picture
Nov 13, 2022
A basic question. Why have I invested in crypto? Because I believe Smart Contracts will have a significant impact in creating valuable applications. I have said from day 1, the value of a token is derived from the applications that run on its platform and the utility they create
What has not been created is an application that is ubiquitous. One that is obviously needed by everyone and they are willing to go through the learning curve to use. Maybe it never comes. I hope and think it will
The best analogy I can use is the early days of streaming. The shit people had to do to listen to a 16k stream of music was insane. An internet subscription for your dial up modem. Download the provider client. Download a tcp/ip client. Download the streaming client.
Read 4 tweets
Mark Cuban Profile picture
Nov 12, 2022
The stockmarket is a platform where comps pretend that their shares of stock represent ownership in their enterprise. Using this pretense, they actively market their shares to buyers, attempting to drive up the price, often buying shares themselves, to make up for lack of demand
Leveraging real or artificial demand they issue shares to themselves to accelerate their compensation, rarely doing the same for all but the employees who are already highly compensated.
The myth of shares representing ownership falls apart when shareholders attempt to influence operations of the enterprise through recommendations or active participation in shareholder meetings where these efforts are summarily dismissed as annoyances. How am I doing so far ?
Read 6 tweets
Mark Cuban Profile picture
Nov 10, 2022
The value of Twitter to me is the speed at which I can get and share information. Just like you use it. BUT, Twitter stands out because while it can be a rabbit hole at times, There is significant time savings because of the legacy blue check mark curation that twitter has done
The curation wasn't perfect, but the legacy blue check mark meant that someone took the time to decide that the user might be able to contribute something more. I found that valuable. It saved me time and
Because Twitter did a decent job of it, it opened my eyes to new people I didn't know about. That I learned from. This isn't to say that there probably aren't more people with out checks that know more. But it made the use of Twitter relatively efficient...
Read 7 tweets
Mark Cuban Profile picture
Nov 28, 2021
@Agnost_ @smdiehl Sure. I call my bank for a loan. I want to borrow $5k against the $10k I have in a multi year CD. Takes some paperwork. A phone call or two. A few days. I go to AAVE.com where I have 10k in ETH. I want to borrow $5k. Takes me about 2 minutes and it’s done
@Agnost_ @smdiehl I have a picture that I took that I think is resalable, I’m willing to convey the copyright, but I want a royalty every time it’s resold. I mint it as an NFT, conveying the IP and make it available on any number of marketplaces. If it sells and resells I get a royalty each time.
@Agnost_ @smdiehl I think it might snow in dallas and cancel a Mavs game. I will be able to go to dclimate.net and IMMEDIATELY buy insurance from a smart contract that takes a Nat weather service feed. If my parameters are met I automatically get paid.
Read 4 tweets

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