Question

Please write 2-3 good paragraphs about :You must name at least two specific businesses of Mark Cuban in which he has implemented his Rules. What specific evidence do you have that he 1. Implemented those Rules; 2. Was very successful at it?

Answer 1

Mark Cuban (born July 31, 1958) is an American businessman and investor. He is the owner of the National Basketball Association (NBA)'s Dallas Mavericks, co-owner of 2929 Entertainment and chairman of AXS TV. He is also one of the main "shark" investors on the ABC reality television series, Shark Tank. In 2011, Cuban wrote an e-book, How to Win at the Sport of Business, in which he chronicles his experiences in business and sports.

In 1982, Cuban moved to Dallas, Texas, where he first found work as a bartender, and then as a salesperson for Your Business Software, one of the earliest PC software retailers in Dallas. He was fired less than a year later, after meeting with a client to procure new business instead of opening the store.

Cuban started his own company, MicroSolutions, with support from his previous customers from Your Business Software. MicroSolutions was initially a system integrator and software reseller. The company was an early proponent of technologies such as Carbon Copy, Lotus Notes, and CompuServe. One of the company's largest clients was Perot Systems.

In 1990, Cuban sold MicroSolutions to CompuServe—then a subsidiary of H&R Block—for $6 million.He made approximately $2 million after taxes on the deal.

Cuban has been a "shark" investor on the ABC reality program Shark Tank since season two in 2011.

As of July 2017, he has invested in 85 deals across 111 Shark Tank episodes, for a total of $19.9 million invested. The actual numbers vary because the investment happens after the handshake deal on live television, after the due diligence is performed to ensure the accuracy of the information presented in the pitch room. For instance, Hy-Conn, a manufacturer of easily removable fire hoses, after agreeing to a deal of $1.25 million for 100% of the company with Cuban, did not go through with the deal.

Cuban's top three deals, all with at least $1 million invested, are Ten Thirty One Productions, Rugged Maniac Obstacle Race, and BeatBox Beverages.

Since Cuban joined the show in 2011, the ratings for Shark Tank have increased, and also during his tenure, the show has won three Primetime Emmy Awards forOutstanding Structured Reality Program (from 2014 - 2016). As of November 2017, Cuban was the richest of all Sharks who appeared on the show.

Awards and honors

Business

• 1998 Kelley School of Business Alumni Award - Distinguished Entrepreneur: 1998
• 2011 D Magazine CEO of the Year

Sports

• 2011 NBA Champion (as owner of the Dallas Mavericks)
• 2011 Outstanding Team ESPY Award (as owner of the Dallas Mavericks)