Mark Cuban
π€ SpeakerAppearances Over Time
Podcast Appearances
And just make all these on-the-fly decisions because we didn't have the tools to analyze or be predictive. But yeah, it was all technology-driven and marketing.
And just make all these on-the-fly decisions because we didn't have the tools to analyze or be predictive. But yeah, it was all technology-driven and marketing.
And just make all these on-the-fly decisions because we didn't have the tools to analyze or be predictive. But yeah, it was all technology-driven and marketing.
Yeah. So on the acquisition side, we were the largest media site on the internet, and it wasn't close. There was nobody close. We were YouTube, and relatively speaking, we would be 10x YouTube relative to the competition, because there was nobody there. And so it became obvious to Yahoo, AOL, and others that they needed a multimedia component. And we had the infrastructure, sales, all that stuff.
Yeah. So on the acquisition side, we were the largest media site on the internet, and it wasn't close. There was nobody close. We were YouTube, and relatively speaking, we would be 10x YouTube relative to the competition, because there was nobody there. And so it became obvious to Yahoo, AOL, and others that they needed a multimedia component. And we had the infrastructure, sales, all that stuff.
Yeah. So on the acquisition side, we were the largest media site on the internet, and it wasn't close. There was nobody close. We were YouTube, and relatively speaking, we would be 10x YouTube relative to the competition, because there was nobody there. And so it became obvious to Yahoo, AOL, and others that they needed a multimedia component. And we had the infrastructure, sales, all that stuff.
And so Yahoo, when we went public in 98, or right before I think it was, they made an investment of like $2 million, which gave us a connection to them. And then after we went public, they decided they needed to have multimedia. And so in April of 99, we made a deal. And then July of 2000 is when it closed.
And so Yahoo, when we went public in 98, or right before I think it was, they made an investment of like $2 million, which gave us a connection to them. And then after we went public, they decided they needed to have multimedia. And so in April of 99, we made a deal. And then July of 2000 is when it closed.
And so Yahoo, when we went public in 98, or right before I think it was, they made an investment of like $2 million, which gave us a connection to them. And then after we went public, they decided they needed to have multimedia. And so in April of 99, we made a deal. And then July of 2000 is when it closed.
Oh, the collar? Yeah. Okay. So when we sold to Yahoo, we sold for $5.7 billion in stock, not cash. And so I looked at...
Oh, the collar? Yeah. Okay. So when we sold to Yahoo, we sold for $5.7 billion in stock, not cash. And so I looked at...
Oh, the collar? Yeah. Okay. So when we sold to Yahoo, we sold for $5.7 billion in stock, not cash. And so I looked at...
after microsolutions um when i sold that um i took that money and initially i told my broker i wanted to invest like a 60 year old man because i wanted to protect it um but then he started asking me all kinds of questions about all these technologies that i understood like networks i had installed we had become one of the top 20 let's say um systems integrators in the country at one point in time we're the largest ibm token ring um installer in the country it was crazy right
after microsolutions um when i sold that um i took that money and initially i told my broker i wanted to invest like a 60 year old man because i wanted to protect it um but then he started asking me all kinds of questions about all these technologies that i understood like networks i had installed we had become one of the top 20 let's say um systems integrators in the country at one point in time we're the largest ibm token ring um installer in the country it was crazy right
after microsolutions um when i sold that um i took that money and initially i told my broker i wanted to invest like a 60 year old man because i wanted to protect it um but then he started asking me all kinds of questions about all these technologies that i understood like networks i had installed we had become one of the top 20 let's say um systems integrators in the country at one point in time we're the largest ibm token ring um installer in the country it was crazy right
Banyan. Wow. Blast from the past. I mean, so anyway, so these Wall Street bankers or analysts rather that were the big analysts of the time would call me up because they would ask my broker, what does he know about this product? And I knew them all, what was working and not working, right? And so the ones that worked... you know, I say that it's working.
Banyan. Wow. Blast from the past. I mean, so anyway, so these Wall Street bankers or analysts rather that were the big analysts of the time would call me up because they would ask my broker, what does he know about this product? And I knew them all, what was working and not working, right? And so the ones that worked... you know, I say that it's working.
Banyan. Wow. Blast from the past. I mean, so anyway, so these Wall Street bankers or analysts rather that were the big analysts of the time would call me up because they would ask my broker, what does he know about this product? And I knew them all, what was working and not working, right? And so the ones that worked... you know, I say that it's working.
I'd see the stock, they say something, the stock would go up 20 bucks. Right. So I'm like, well, and my broker was like, you need to, you know, this better than they do. You need to invest. So I started buying and selling stocks and this was in 1990 and was just killing it.
I'd see the stock, they say something, the stock would go up 20 bucks. Right. So I'm like, well, and my broker was like, you need to, you know, this better than they do. You need to invest. So I started buying and selling stocks and this was in 1990 and was just killing it.