For billionaire investor Mark Cuban, the “best deals” on ABC’s “Shark Tank” happen when entrepreneurs pitch a unique product he didn’t think he would make himself.
On October 21, George W. “There are some 12-year-olds out there imagining something we’ve never imagined,” Cuban said during a Q&A session at the Bush Center.
“When that 12-year-old ‘shark tank’ or anywhere else comes up with an idea, and presents, ‘I think to myself,’ Why didn’t I think about it? ‘ “It’s always the best deal,” he said.
The Sharks have repeatedly invested in innovative pitches from young entrepreneurs on the show.
Cuba, for example, invested i 100,000 in Simple Sugars, created by a skincare company, Loni Lazzari, over season four of the show. He was impressed with his production, and together, they created Simple Sugar in a millionaire dollar company.
He called Lazari his “favorite entrepreneur” in 2017.
“She was 19 when I invested. She had eczema when she was 11 and wanted to come up with a natural based scrub to help her eczema.” Because she runs a lot and she wants to keep an edge. “
Although he did not invest, he was greatly influenced by Cuban kid-entrepreneur Sophie Overton, who set up his own company in season 11 at the time, and then-17-year-old Ehan Kamat, who did not have the opportunity. . Roller to eliminate leg pain in season nine, because he thought both of his products were innovative.
Cuban may be related to these young entrepreneurs, as he started selling products at an early age.
“I sold trash bags at home when I was 12 because my dad told me that the only way I could get new basketball shoes if I had a job,” he said on the 2019 episode of GQ Said. “
As a teenager, he resold baseball cards, stamps and coins to Cuba. He said in 2019 that among other “random jobs” he also worked as a boy x boy and laid the carpet. At the college ledge, Cuban said he organized disco parties and took dance lessons to pay for his tuition.
So Cuban is sold “When I see an entrepreneur come and attend, [and] I think to myself, ‘Why didn’t I think about that?’ “
Disclosure: CNBC has exclusive F-Network cable rights to “Shark Tank”.
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