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NewsBytes Profile picture
@NewsBytesApp
Jul 23, 2022 • 8 tweets • 4 min read • Read on X
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Shark Tank made Mark Cuban one of the US's darling billionaires. So, it may come as a jolt to many of you that he has not made any profit from investments made on the popular show. Cuban has invested over $20mn in various companies showcased in the "Tank."
newsbytesapp.com/news/business/… Image
#SharkTank showed us venture capitalism can be entertaining. Well, if Cuban's words are anything to go by, entertainment and investment are not the best combinations. His words are a testament to what many people always believed: the Tank is more theater than business. Image
Cuban's shocking revelation came during last week's Full Send Podcast. "Are you up all time on 'Shark Tank' investments?" the host asked Cuban. To this, the billionaire replied, "Like, up financially?" Image
He then continued, "Oh no, I've gotten beat," he admitted with a laugh, indicating that he has not profited from his suite of investments made in the show. Image
Cuban has been one of the staples of Shark Tank since its inception. According to Sharkalytics, a fan-run website, the Dallas Mavericks owner has made investments in 85 companies across 111 episodes. Image
His total investments amount to around $20 million. Cuban's own website lists 54 Shark Tank companies. The number could be low because he has omitted companies that do not exist anymore. Image
In the podcast, Cuban also talked about his worst investment to date: "Breathometer." The company made history when it received investments from all five Sharks, including Cuban, Robert Herjavec, Kevin O'Leary, Lori Greiner, and Daymond John, in 2013. Image
About Breathometer and its founder, Cuban said, "It was a great idea and actually a decent product...but I'd look at his Instagram, and he'd be in Bora Bora." According to his recollection, Yim always replied that he was "networking" for the business. Image

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More from @NewsBytesApp

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Nov 14, 2022
Google announced the Doodle for Google 2022 competition winners, flagging off Children's Day celebrations in India. Shlok Mukherjee from Kolkata has been declared the winner out of 115,000 entries from over 100 cities by participants between Grades 1-10.
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Mukherjee wrote, "In the next 25 years, India will have scientists develop their own eco-friendly robot for humanity's betterment. India will have.. intergalactic travels from Earth to space. India will develop more in the field of yoga & Ayurveda..."
"We were especially heartened that the advancement of technology and sustainability emerge as common themes across many of the Doodles," Google said. For the theme "In the next 25 years, my India will...," Google's team of judges finalized 20 doodles.
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Nov 14, 2022
FTX and its talismanic leader Sam Bankman-Fried have fallen from the upper rungs of the crypto universe. Of course, his inner circle is under investigation. Among them is Nishad Singh, an Indian-origin engineer who was also his housemate. Today's story is about him. #SBF_FTX 1/6
Singh joined FTX as its Director of Engineering in 2019. Prior to that, he was part of its sister organization Alameda Research, which is at the center of the current controversy. He had joined Alameda in 2017. More on the controversy later. 2/6
Singh’s resume is top notch. He studied at Crystal Springs Uplands School, a top private school in California. He graduated from the University of California, Berkley, with a bachelor's degree in electrical engineering and computer science. He had also worked as at Facebook. 3/6
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Oct 26, 2022
As Rishi Sunak emerged victorious in the race to become United Kingdom's prime minister—the third in two months—on Monday, over 7,000 kilometers away, Indians were celebrating that he has proved "Winston Churchill" wrong. Read on for the complete story.
newsbytesapp.com/news/world/ris…
In light of Indian-origin Sunak's appointment as the UK PM, Indians are celebrating that Indian-origin people have proved their mettle to show Churchill was wrong. Post-independence, India has been swiftly growing & is the world's biggest democracy & a major trade destination.
As Indians were celebrating the takeover by an Indian-origin man as the premier of the UK—accused of looting India during its rule—Indian billionaire businessman Anand Mahindra found a unique way to be part of the celebrations.
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Oct 25, 2022
Have you wondered about the veracity of stories regarding unidentified flying saucers? We may soon get an answer. NASA has established a first-of-its-kind panel to study unidentified aerial phenomena (UAP) or unidentified flying objects (UFOs).
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A group of 16 scientists will spend the next nine months looking into events involving bizarre flying objects or unnatural phenomena. Over the course of this period, NASA's new panel will study about UAPs & lay the foundation for future studies on them by NASA & other agencies.
The team will analyze data gathered from various sources. This data will be analyzed to see if they shed any light on UAPs or not.
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Oct 25, 2022
Rishi Sunak scripted history on Monday after winning the race to lead the Conservative Party & became the PM of the United Kingdom. The attention is now on his wife—Akshata Murty too, as they move into 10 Downing Street. Here's more about her.
newsbytesapp.com/news/world/abo… Image
Sunak was on Tuesday officially appointed as the 57th UK PM by King Charles III. The former British finance minister, who is of Indian origin, is also the first-ever Hindu prime minister of the UK. Image
Born to Indian billionaire and Infosys co-founder Narayana Murthy and author-turned-philanthropist Sudha Murthy in 1980 in Karnataka's Hubli, Akshata Murty had a modest upbringing. She initially lived with her grandparents as her parents built their careers in Mumbai. Image
Read 8 tweets
NewsBytes Profile picture
Oct 25, 2022
India recorded its lowest number of daily COVID-19 cases in 196 days, or more than 6 months, with a three-digit tally of 862 on Tuesday. The total number of active cases has also dropped below 23,000 as per data from Union Health & Family Welfare Ministry.
newsbytesapp.com/news/india/cov…
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Total number of confirmed cases in India so far stands at 4,46,44,938, while number of deaths reported in the country on Tuesday climbed to 5,28,980 since the beginning of the pandemic. The recovery rate currently is 98.76%, with 4,40,93,409 patients having recuperated so far.
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