the owner of the National Basketball Association's Dallas Mavericks, Landmark Theatres, and Magnolia Pictures, and the chairman of the HDTV cable network AXS TV
ask me anything, im ready to go
ask me anything, im ready to go
Comments: 7543 • Responses: 46 • Date: 2012-12-24 17:03:46 UTCsource
Tim_Duncan2224 karma2012-12-24 17:04:05 UTC
Why are you doing an AMA on Christmas Eve?
View HistoryShare Link
mcuban3091 karma2012-12-24 17:11:27 UTC
because I can.
Sil_E2185 karma2012-12-24 17:32:58 UTC
You own Magnolia pictures. Magnolia pictures owns the movie V/H/S. I'm a director on the movie. So this is how we meet. Reddit.
mcuban1697 karma2012-12-24 18:33:11 UTC
nice to meet you. Great movie !
everyone should check out http://www.magpictures.com and in particular V/H/S
Crazy001boy1962 karma2012-12-24 17:08:48 UTC
How's your relationship with Skip Bayless?
mcuban3253 karma2012-12-24 17:19:08 UTC
EddieAdamsface1705 karma2012-12-24 19:14:47 UTC
You came in to my work and tipped 100 on a 50 dollar tab. You made the waitresses night. You sir, are a gentleman.
mcuban2464 karma2012-12-24 19:22:44 UTC
i worked as a bartender and waiter. I always try to tip well
mttwldngr1533 karma2012-12-24 17:07:10 UTC
I hate to be so straight forward, but what does a billionaire buy his kids for Christmas?
mcuban2765 karma2012-12-24 17:43:58 UTC
the same junk that everyone else buys.
BigTruckProbs1401 karma2012-12-24 17:14:23 UTC
On Shark Tank, how many of the deals get modified or cancelled after the cameras stop rolling? Also, have you ever decided to make a deal with someone after the cameras stop?
mcuban1899 karma2012-12-24 17:41:54 UTC
we get the chance to do due diligence after the show. As a result you uncover things that were not brought up in the show , so its not unusual for a deal to fall through in the DD phase. I have had things like people who never paid their taxes, people who lied on the show, people who didnt think that if they spent money on their personal credit cards it should be considered an expense., you name it.
There is so much pressure on the entrepeneur during the show that sometimes they say what they think we want to hear rather than the truth. The DD helps us seperate the two
Spencyboy629 karma2012-12-24 17:49:22 UTC
How many of the deals have you had to break off in the DD phase?
mcuban1368 karma2012-12-24 18:25:07 UTC
probably about 25pct of them have something wrong
sitdownstandup1236 karma2012-12-24 17:12:57 UTC
Do you have any interest in eSports? Starcraft 2, league of legends, Dota, counter strike. The industry could use someone like you
mcuban1796 karma2012-12-24 18:11:28 UTC
Ive looked at MLG and talked to folks in the business. Its interesting. But i havent had the time to take a deep dive look at it yet
MiddleGrayStudios1184 karma2012-12-24 17:09:40 UTC
Complete the sentence. David Stern is _______.
mcuban2027 karma2012-12-24 17:15:47 UTC
a great tailor :)
ericeric100101030 karma2012-12-24 17:09:32 UTC
mcuban2250 karma2012-12-24 17:15:26 UTC
its not about the idea, its about how prepared you are. Everyone has ideas, most dont do the work required to get the job done. The 2nd thing you need to know is that sales are the most important aspect of a small business. No sales, no company.
MinusTheFire978 karma2012-12-24 17:10:09 UTC
What's the most ridiculous thing you've ever seen someone do whilst trying to pitch their product on Shark Tank? I'm talking either on or off air, preferably the latter.
mcuban2037 karma2012-12-24 17:29:58 UTC
the ion watch deal was pretty much it. You cant come on expecting to scam us. We will nail you.
mcuban975 karma2012-12-24 19:29:32 UTC
Got to go folks. Thanks for all the great questions ! Hope you all enjoyed it and I hope to do one again !
if you want ot know more about me, check out markcuban.com and check out my book or go to AXS.TV for more about the network
burimal780 karma2012-12-24 17:09:27 UTC
Hey, Mr. Cuban.
Why do basketball players only get recognition after they’ve been a part of a championship team? For instance, Dirk has been an amazing player for 10 years now, but only got the respect he truly deserved from fans after having a championship caliber supporting cast (Including coaches) around him. If it’s a team game, why do players only get appreciated after they accomplish something that’s mostly out of their control (Since, most of the time, they don’t decide who they get to play with)?
mcuban1637 karma2012-12-24 17:12:59 UTC
Thats the stupid , macho element of all professional sports. Its a lot easier to just pin a lable on someone than to actually do the work to determine the impact of a player. ITs the same reason everyone over values scoring in the NBA. Scoring is usually the easiest part of the game.
ashton90765 karma2012-12-24 17:05:37 UTC
k this is going to be a weird set of questions but how often do I get to ask this to a billionaire?
1) When you buy something on Amazon or something, do you ever look at the prices? Or do you just buy whatever looks good and have it ship overnight?
2) Let's say that you're looking for a new mp3 player and earbuds and can't decide which to buy, do you just buy whatever one you think is best? Or do you just go "fuck this, I'm a billionaire, and I'll just buy everything & throw away the rest"
3) Speaking of which, what kind of laptop do you own? And mp3 player? Are they customized or are they whatever is on the market?
mcuban1711 karma2012-12-24 17:51:25 UTC
captshady408 karma2012-12-24 18:23:56 UTC
What? You mean you don't use T-Mobile 4G? Color me shocked!!!
mcuban1027 karma2012-12-24 18:32:08 UTC
i actually do on my samsung. I love the tmobile wifi calling option. I love the open Android and Samsung platforms. I use a replacement keyboard sw which increases my typing speed (i still miss the speed typing on my sidekick).
I love myIPad and my macbook air is amazing when it doesnt crash, so i like apple products, but i think as far as phones, both Samsung 3 w android and the windows phone kick the Iphone's ass. Its not even close.
Bieb722 karma2012-12-24 19:13:33 UTC
So the most recent season of Shark Tank has a lot of T-Mobile product placement. Is it really as cheesy to do as it is to watch on tv?
mcuban1281 karma2012-12-24 19:25:46 UTC
it is beyond cheesey. none of the sharks like it. but we learned from it and it will be different in the future
IEnjoyRush79699 karma2012-12-24 18:40:41 UTC
Have you ever "made it rain"?
mcuban2737 karma2012-12-24 18:45:18 UTC
no. thats dumb shit that people with real money dont do .
the_philter616 karma2012-12-24 17:11:02 UTC
First off, thanks for being outspoken about the broken patent laws.
It's been a little over a month since you decided to step back a bit from Facebook and, as you put it, moved it to the bottom of a long list. I know a month may not be a very long time to give a good sign of how that's going, but I am still curious how you feel this has affected your brands, if at all? I imagine more emphasis on other social networks may benefit you in other ways, but I am very curious to hear how your drawback from Facebook has been so far.
mcuban442 karma2012-12-24 17:38:48 UTC
actually it has really helped. IN particular for AXS.TV (http://www.axs.tv )
while we continue to use FB and even invested in a company, www.bad.gy that works to optimize facebook, we have taken the time to explore the new myspace, work on tumblr, pinterest and other options.
I think FB is going to have some challenges going forward. Its going to be interesting to see what happens from a user perspective.
cssblondie112 karma2012-12-24 17:44:39 UTC
Just to suss that out a bit -- how has stepping away from marketing on FB helped AXS?
Curious, if you don't mind going into a bit more detail.
mcuban246 karma2012-12-24 18:27:30 UTC
it made us take a hard look at the other options and really get involved with them as a hedge. I believe the aggregate value of the other options will offer more opportunity for brands than FB alone
Chester_frenchkiss587 karma2012-12-24 17:07:09 UTC
First of all, congrats on the 2010-2011 championship and thank you for taking the time to do this. Two questions:
What are your thoughts on the Spurs benching controversy? As an owner and businessman, do you see yourself agreeing with the commissioner?
Your organization dealt with a player suffering from bipolar disorder (Delonte West). In light of DeMarcus Cousins' suspension and the Royce White situation, what are some of the challenges of managing players with behavioral or mental health conditions?
mcuban1136 karma2012-12-24 17:19:01 UTC
I agreed with the commish on it. TV is our lifeblood as a league. You cant screw with the money maker
bhalps505 karma2012-12-24 17:11:12 UTC
What was your reaction to Lebron leaving the cavs in 2010?
mcuban1002 karma2012-12-24 17:38:56 UTC
i was surprised
yeezyz502 karma2012-12-24 17:32:55 UTC
There seems to be this stigma in the NBA, that no one really wants to play for the Toronto Raptors especially superstars. I myself have lived there in the past and its a wonderful city and i can't see why anyone wouldn't want to live there. Canada is a great place to live but it seems to really scare players away, it could be the high taxes or the cold weather, but other teams have that too.
Why do you think Toronto is avoided by major NBA stars?
mcuban754 karma2012-12-24 18:29:33 UTC
i dont get that either. I think TO is an amazing city
Glankler467 karma2012-12-24 17:06:25 UTC
How many of your investments on Shark Tank actually make a profit?
mcuban874 karma2012-12-24 17:47:34 UTC
ive only lost money on 1, toygaroo.
mttwldngr430 karma2012-12-24 17:04:04 UTC
What are some must read books you would recommend to any inspiring entrepreneur? (Besides yours, which was a great read!)
mcuban955 karma2012-12-24 17:10:14 UTC
Every entrepreneur should read How to Win at the Sport of Business http://www.amazon.com/How-Win-Sport-Business-ebook/dp/B006AX6ONI/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1356368924&sr=1-1&keywords=how+to+win+at+the+sport+of+business
is the link. Other books really depend on what you are interested in. I like to read biographies of successful people . Ted Turner's bio was always big for me because he worked hard and played hard.
I also love Ayn Rand books , purely for motivation. I dont get into the whole ethos and political aspects of her writing
bradleyboy426 karma2012-12-24 17:24:47 UTC
Thoughts on the NHL lockout?
mcuban1061 karma2012-12-24 18:20:04 UTC
the nhl has to use this lockout to fix its problems. You cant have every team south of the Mason Dixon line going broke every year
Misty_K324 karma2012-12-24 19:13:36 UTC
Do you remember a place called Motley's in Bloomington?
mcuban467 karma2012-12-24 19:25:22 UTC
WollfSK296 karma2012-12-24 17:10:06 UTC
What do you think of Damian Lillard so far this year? And where do you think the Blazers will end up this year, or within the next few years? Bright future or inevitable "treadmill of mediocrity?"
Glad to see an owner that's so human win a championship. It's obvious you care about your team and I was happy for you guys in 2011 even though you knocked my Blazers out of the first round.
mcuban388 karma2012-12-24 17:29:15 UTC
he is a beast and he has a great choice. Nothing but upside for him
misterhappy88291 karma2012-12-24 17:19:06 UTC
How do you like being on the "shark tank"? Is it very scripted or do you guys speak freely?
mcuban1028 karma2012-12-24 18:34:59 UTC
shark tank is not scripted at all. When the entrepreneur walks into the shark tank the ONLY thing we know is their first name. NOTHING else.
the only "Scripted" part of the show is this.....
the producers tell us before every show ---
If an entrepreneur looks like they are going to cry, shut up and let them. They love tears. Thats the only scripting
Havlicek77287 karma2012-12-24 17:16:56 UTC
Hey Mark, how close did you come to buying the Cubs?
mcuban607 karma2012-12-24 18:18:12 UTC
not close at all. When I couldnt get the owner of the Cubs to sit in a room with me that pretty much told me it wasnt going to happen. I never made a final formal bid
TPDM267 karma2012-12-24 17:04:05 UTC
Do you think the increased number of technical fouls called is necessary, or are the refs being a little too sensitive?
mcuban523 karma2012-12-24 17:11:17 UTC
I think a tech is more a reflection on the officiating than it is on the player with the exception being the guys who just love to yell. ie, the old school Rasheed Wallace.
There are so many fewer techs in college and the coaches in particular there get a lot more beligerant than what you see in the NBA
mttwldngr233 karma2012-12-24 17:11:53 UTC
On Jimmy Kimmel, you mentioned you clicked the receipt button once at an ATM to check your checking account balance and it being some insane number (around $300K if I remember correctly). Have you checked recently to see what it was?
mcuban640 karma2012-12-24 18:04:11 UTC
yes and its more insane. I keep a lot of cash available for investments.
MOst people throw their money at investments trying to beat inflation or the market. I wait until somebody does something stupid and try to pounce. that is where the best deals are made
Khoops66228 karma2012-12-24 17:12:49 UTC
What advice would you give to an undecided college student finished with general studies and eager to get a degree?
mcuban905 karma2012-12-24 18:10:08 UTC
pick a school that you can afford to go to. Dont take on debt. Debt is the anchor you dont want when you graduate. It will force you do to things that may not be in your best long term interests
JewishDoggy219 karma2012-12-24 17:10:11 UTC
Thoughts on Deron Williams?
mcuban715 karma2012-12-24 17:30:04 UTC
celer1ty216 karma2012-12-24 17:21:06 UTC
What are you most proud of?
mcuban453 karma2012-12-24 18:39:05 UTC
my family. in particular my kids
Im excited about the Mavs and what we are doing at AXS TV and really what we are doing at all my businesses
pepito420204 karma2012-12-24 17:11:54 UTC
what was Mark Cuban like growing up?
mcuban485 karma2012-12-24 18:04:32 UTC
no different than anyone else. Loved sports. Went to public school
thundergun69192 karma2012-12-24 17:10:08 UTC
mcuban445 karma2012-12-24 17:29:24 UTC
im just glad he is back !
TurdLog165 karma2012-12-24 17:09:27 UTC
Mark, what got you motivated to owning and running an NBA franchise? Is it worth the stress and toil at the end of the day?
mcuban373 karma2012-12-24 17:28:50 UTC
it is a lot of stress but its really a unique challenge and opportunity. There are only 30 of these jobs . When we lose its still painful. It will be 13years next week and losses hurt just about as bad today as they did day one
mybig challenge is to make sure that stress and my competitive nature doesnt spill over to my family
ThatsMyHorse129 karma2012-12-24 17:10:22 UTC
Thanks for doing this! What do you think gives the Mavs an advantage in a stacked Western Conference this year, whether it be how the coaching staff game plans or certain personnel advantages? Do you think there will be any difficulty in having Dirk and Mayo on the floor at the same time in a sort of Stoudemire/Melo situation? What advice would you give to a young entrepreneur?
mcuban372 karma2012-12-24 17:31:16 UTC
I think dirk will help OJ's game a bunch. Up till now teams have really overloaded their Ds to stop OJ. With Dirk back it should open things up for OJ and the rest of our offense.
If we can stop turning the ball over we will ok. If not, not. The turnovers are driving me crazier than this damn kidney stone surgery Ive had to deal with. I think the turnovers are more painful
StevenA3000120 karma2012-12-24 18:38:10 UTC
What was your favourite part of being involved in Entourage?
mcuban194 karma2012-12-24 19:06:19 UTC
acting. It uses a part of my brain that is very different from business. Which makes it a huge challenge.
That is why you see me doing commercials, acting , film, its a unique challenge for me, which i love
lisasimpsonfan117 karma2012-12-24 17:12:34 UTC
Hi Mr. Cuban thank you for doing this AMA. I have a couple questions about Shark Tank.
What has been your favorite product pitched on the show even if you didn't invest?
What is Kevin O'Leary AKA Mr. Wonderful like off camera?
mcuban339 karma2012-12-24 18:05:55 UTC
There is a guy selling belts that will be on this season. he was my fave that i didnt do.
and Kev O is just your every day money grubbing, financial engineer . Unless he is drinking. then he is a blast :_ jk
Offical106 karma2012-12-24 18:34:12 UTC
What's the most expensive gift you purchased for anyone this xmas?
mcuban290 karma2012-12-24 19:17:45 UTC
under 200 dollars
drballoonknot96 karma2012-12-24 18:39:48 UTC
Hi Mr. Cuban,
Have you noticed a slowing down of series A funding in the tech startup world and if so, what are your thoughts?
Thanks for doing this!
mcuban165 karma2012-12-24 18:50:04 UTC
there is a HUGE bubble in the Valley for tech startups. The valuations have gotten out of hand. When valuations go up beyond the reality point, the funding goes down.
its almost become like the movie business was 10 years ago. THere was so much dumb money coming in and so few actually making money that the suckers finally wised up.
FrancisXHummel92 karma2012-12-24 18:38:26 UTC
mcuban329 karma2012-12-24 19:04:05 UTC
i think an MBA is an absolute waste of money.
If you have a hole in your knowledge base , there are a ton of online courses you can take.
I dont give any advantage to someone in hiring because they have an mba
markhly90 karma2012-12-24 19:11:07 UTC
Do you ever feel your wealth is a product of being in the right place at the right time (in relation to the internet bubble of the late 90's)? Do you think you'd be able to find similar success if you were graduating college today?
mcuban239 karma2012-12-24 19:28:34 UTC
ive made a lot of money from a lot of different companies i have started, but there is no question i made the most money because i knew what i was doing on the net when the internet bubble hit.
Timing didnt make me rich, i was there already. But it put a B next to my name
poopslooshed86 karma2012-12-24 18:36:16 UTC
Hey Cubes, I will be graduating from college with degree in marketing in May. Do you have any advice for someone who would like to work in professional sports?
mcuban338 karma2012-12-24 19:13:34 UTC
dont. get a real job
offconstantly46 karma2012-12-24 18:39:31 UTC
Did the Iwanttodrawacatforyou partnership work out?
mcuban110 karma2012-12-24 18:53:03 UTC
he has paid me back my initial investment already !
iwant to draw a cat for you, cat for you !
google it 1
Copyright © 2014 BestofAMA.com, All rights reserved.
reddit has not approved or endorsed BestofAMA, reddit design elements are trademarks of reddit inc.