Just how good an investor is Mark Cuban?
- Thread starter Pekelo
- Start date
Well, this changes the math...
I thought he got much more. He owned 30% of broadcast.com at the IPO, so he should have got 1/3rd of the sales price, and not necessary the whole sales was for stocks. (I am still researching the details.) The other guy getting a big chunk was Todd Warner, Mark's business partner since then. I am not sure where the rest of the 5.7 B went...The founder's (Jaeb) shares were diluted to 1%, I guess a la Facebook.
Lots of employees got shares too, making them paper millionaires, but still, there is a good 2.5B unaccounted for from the sales price.
https://en.wikipedia.org/wiki/Broadcast.com
I am guessing his net worth after the sale was at least 2 B, so that means he more than doubled it in 2 decades. His best play was the Mavericks so far resulting in a 10 times return.
Similar discussion:
https://news.ycombinator.com/item?id=16451481
The deal:
https://www.cnet.com/news/yahoo-broadcast-com-sizzle-after-deal/
I thought he got much more. He owned 30% of broadcast.com at the IPO, so he should have got 1/3rd of the sales price, and not necessary the whole sales was for stocks. (I am still researching the details.) The other guy getting a big chunk was Todd Warner, Mark's business partner since then. I am not sure where the rest of the 5.7 B went...The founder's (Jaeb) shares were diluted to 1%, I guess a la Facebook.
Lots of employees got shares too, making them paper millionaires, but still, there is a good 2.5B unaccounted for from the sales price.
https://en.wikipedia.org/wiki/Broadcast.com
I am guessing his net worth after the sale was at least 2 B, so that means he more than doubled it in 2 decades. His best play was the Mavericks so far resulting in a 10 times return.
Similar discussion:
https://news.ycombinator.com/item?id=16451481
The deal:
https://www.cnet.com/news/yahoo-broadcast-com-sizzle-after-deal/
Last edited:
There are investors, and there are people you invest in. Mark Cuban, Elon Musk, etc - may be people that can change the world and therefore worth investing in, not being so useless that all they can do is to look for someone else who can actually do something useful, to invest in.
Cuban may not be as concerned with being the richest, but using money as a tool to change the world, or at least work with people and projects he believes in. It’s a purpose other than hoarding money that you can’t spend when you die anyway. It’s mainly the greedy bastards that are so concerned with counting other people’s money.
Cuban may not be as concerned with being the richest, but using money as a tool to change the world, or at least work with people and projects he believes in. It’s a purpose other than hoarding money that you can’t spend when you die anyway. It’s mainly the greedy bastards that are so concerned with counting other people’s money.
LOL, Pekelo, why on earth would you have Desterina on ignore? He's such a dumb dumb every post of his is hilarious how he gets EVERYTHING wrong. I mean EVERYTHING. He might literally be the dumbest poster on the forum. I urge you to consider unblocking him for the laughs, every post is absolutely hysterical!
Did Mark Cuban really post on here before? That's awesome if so!
OH SHIT! There he is! LOL, Magna punked him at the end! I wonder the alt name Mark Cuban was using? Its probably SweetBobby or some shit...
Who knows?
One thing is for sure though. Whatever you are passionate about, now is the time for action!