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Because, for a television production company, ratings fundamentally are more important. Cuban knows it's an entertainment show first-and-foremost and he bought
by freddyc 10y ago
Because, for a television production company, ratings fundamentally are more important. Cuban knows it's an entertainment show first-and-foremost and he bought into that (and frankly, from what I can tell, loves that aspect of it).
I've never looked into the details, but I imagine the paperwork Shark Tank entrepreneurs sign includes something along the lines of "all deals agreed are non-binding and subject to completion of satisfactory post-show diligence blah blah". I'd be shocked if a decent percentage of the deals featured don't ultimately fall through for one reason or another at the diligence stage with zero impact on the investor's reputation, so I don't think Cuban will lose too much sleep over it.
- netizzio 10y agoCan't remember where I saw it, but recall reading that a significant number of deals do fall through. Mark Cuban actually had one of the higher success rates with about 80% of deals actually succeeding, and I think both Lori and Robert were at around 45%. Edit: From this AMA on reddit with Mark Cuban 3 years ago, he says that about 25% of deals have something wrong (and therefore presumably don't work out). https://www.reddit.com/r/IAmA/comments/15doqt/mark_cuban_this_is_my_ama/c7lkbfx/ https://www.reddit.com/r/IAmA/comments/15doqt/mark_cuban_thi...