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."
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#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.
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?"
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.
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.
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.
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.
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.
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