Mark Cuban to Leave SHARK TANK After Season 16
By Movieguide® Contributor
Mark Cuban revealed that his time on the investing show SHARK TANK will end after the next season.
“This is our 15th year, and next year, our 16th year, is gonna be my last year,” Cuban shared. “So I got one more year to go.”
“I love [SHARK TANK] because it sends the message the American dream is alive and well.” Cuban told the podcast “All The Smoke.” “I feel like in doing SHARK TANK all these years, we’ve trained multiple generations of entrepreneurs that if somebody from Iowa or Sacramento or wherever can show up on the carpet of SHARK TANK and show their business and get a deal, it’s going to inspire generations of kids.”
“That’s what happens, right? Now we’ve got people coming on saying I watched you when I was 10 years old,” he continued. “I’ve invested in, I don’t know how many hundreds of companies. On a cash basis, I’m down a little bit, but on mark-to-market meeting, the companies are still in operation. I’m way up.”
An entrepreneur himself, Cuban hit it big with an internet radio company, Broadcast.com, which was acquired by Yahoo! in 1999. He made roughly $2 billion from the deal, which he has since used to invest in numerous startups. He is also the longtime owner of the Dallas Maverick, buying the team in 2000.
Cuban joined SHARK TANK during the show’s second season as a guest investor before coming on full-time for season three onward. The show is currently on season 15.
Given his tenure on the series and his entrepreneurial background, Cuban has developed some tricks to determine whether an investment on SHARK TANK has a high chance of success.
“I just listen to them,” he said. “You can tell. Body language matters. The harder they try to sell, the worse the deal…When somebody walks in SHARK TANK, you can tell if they are trying too hard.”
“I have this rule: the longer the back story, the worse the deal. The minute you start telling me how hard it was for you, it’s hard for every…entrepreneur, tell me about your business, tell me why you’re going to be successful,” Cuban continued.
Despite his busy schedule, Cuban is also a family man and always makes time for his kids.
Movieguide® previously reported:
Entrepreneur and businessman Mark Cuban recently shared that he will be proud of his children whether or not they want to make it big in the business world like him.
Cuban spoke with Kevin Hart on his show, HART TO HEART, and shared a little about his kids.
“My son, Jake, he’s hustling and selling stuff all the time. My middle daughter, Alyssa, is 16, and she’s kind of the artist. Then my oldest, Alexis, is kind of — she’s got the world in front of her, wherever she decides to go. She’s a freshman in college,” Cuban said.
“I just want them healthy and happy,” he added.
