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He makes some great points, here. I like his quote, "When you sit at the trading terminal you look for the sucker. When you don’t see one, it’s you. In this ca
by bluetidepro 14y ago
He makes some great points, here. I like his quote, "When you sit at the trading terminal you look for the sucker. When you don’t see one, it’s you. In this case it was me." Interesting how he puts more blame on the buyer.
Also, sort of off topic (more related to just Mark Cuban), but I'm surprised he made that "SharkTank" reference. I've always wondered how he viewed his presence on that show. I figured he saw it more of a "charity case" because of his fame. I never realized he actually referenced it and promoted it.
- technoslut 14y agoCuban always struck me as an attention whore. As always it's both. He can help a charity while putting his name out there.
- nchuhoai 14y agoI just think he really likes the show and really think he can help entrepreneurs (I happen to agree with both). SharkTank sure is sometimes a media play, and its sometimes less about the entrepreneur than the story, but you gotta admit that he is helping some really good people.
- bluetidepro 14y agoOh yeah, I definitely agree. That comment wasn't meant to be a stab at him or anything. Just how I thought he, personally, viewed the show. I actually love watching SharkTank, for it's entertainment value. There is even a local guy in our local "startup scene" that will be on the show here in the upcoming season! Pretty neat.
- uptown 14y agoI've always wondered about the equity deals that get struck on SharkTank. Sometimes you see them make deals where the founder retains 51% of the company, but if you dig into the paperwork from ABC you see "ABC takes 5% equity or 2% royalty from all companies that appear on Shark Tank" (previous discussion: http://news.ycombinator.com/item?id=3946008 http://news.ycombinator.com/item?id=3946008 ). Whose share does that come out of, and where does that leave the founder? If it comes out of their share, they'd be left in a minority position if they now hold 46%, the "shark" hold 49% and ABC holds 5%.
- Tyrannosaurs 14y agoThe quote is a variant of the age old poker saying "there's a sucker at every table, if you're not sure who the sucker is, it's probably you".
- bluetidepro 14y agoGreat quote. I hadn't heard that before. I really like that.
- sharkweek 14y agoCheck out the movie Rounders -- one of my favorites (http://www.youtube.com/watch?v=hZZwW10yTsc http://www.youtube.com/watch?v=hZZwW10yTsc)
- Tyrannosaurs 14y agoSPOILER ALERT! I love Victoria Coren's quote about Rounders: "Rounders - a film that asks us to believe John Malkovich, supposedly the best player in New York, always eats a biscuit when he's bluffing." (Coren is a journalist and professional poker player).
- warmfuzzykitten 14y agoFacebook didn't "trick" anyone. All the downside of Facebook stock is clearly spelled out in the prospectus. People were lining up to buy at $38, so the IPO went for $38. I can understand why people who were hoping for easy money from an IPO pop that didn't happen are disappointed, but they weren't cheated.