October 1, 2020

How Mark Cuban Partied Hard, Got Rich & Stayed Rich | Mark Cuban on Capital University

Check out Capital University Podcast Episode Page. Subscribe on Apple Podcasts, and watch the Episode on YouTube.

When investing in stocks, be careful of getting overconfident:
- “Everyone’s a genius in a bull market” – Mark Cuban
Good investors can make money in good and bad times:
- “The great stock pickers aren’t only the ones who make money when things are going up, they make money all the time because they know what they’re doing” – Mark Cuban
It’s important to have a direct relationship with your audience so you can go to your audience instead of your audience always having to go to you
- Mark recommends having an email list, text list, or community, where you can directly contact fans
How Mark would invest $15 million:
- He’d put $1-2 million in an emergency fund
- Put most of the capital in low-index mutual funds and let it sit there for 40 years
- Put 25% of the capital for angel investments
  - When making angel investments, look for companies that will help or leverage your existing company or brand
Angel investing 101:
- Make sure it doesn’t suck time or energy from your core source of income
- Know why the company wants you to invest in them and what they expect from you
- Know the liquidity options

Mark Cuban (@mcuban) is the owner of the Dallas Mavericks and investor on the TV show Shark Tank
Cohost: Anthony “Pomp” Pompliano (@APompliano) is an investor, co-founder at Morgan Creek Digital, author of The Pomp Letter, and host of The Pomp Podcast
Cohost: Bryce Hall (@BryceHall) is the founder of PartyAnimal Apparel, co-founder of Ani Energy, and a social media personality. Check out his Instagram and YouTube

Mark has been an entrepreneur his whole life:
- As a kid he sold baseball cards and garbage bags
  - He opened up a bar before he was 21
    - He also worked as a software salesman
      - He taught himself how to program and started his own company called Micro Solutions. He sold it for $6 million.
        Mark personally made about $2 million and used some of the money to buy a lifetime pass on American Airlines and partied like a rockstar.
After that, Mark started a hedge fund that was bought 9 months later
- He then started the first streaming company called Audionet. The company then moved into video streaming and changed the name to Broadcast.com. The company later went public.
  - The company was then sold to Yahoo for $5.7 billion

When investing in stocks, be careful of getting overconfident:
- “Everyone’s a genius in a bull market” – Mark Cuban
Good investors can make money in good and bad times:
- “The great stock pickers aren’t only the ones who make money when things are going up, they make money all the time because they know what they’re doing” – Mark Cuban
You have to research the companies you’re investing so you know if it’s a good investment or not

TikTok gives anyone the ability to blow up and become a viral sensation
- Charli D’ Amelio gained 60 million TikTok followers in less than a year
Most likely your audience on each social media platform is different and it’s important to know the demographics of the people who follow you on each platform
It’s important to have a direct relationship with your audience so you can go to your audience instead of your audience always having to go to you
- Mark recommends having an email list, text list, or community, where you can directly contact fans

He’d put $1-2 million in an emergency fund
Put most of the capital in low-index mutual funds and let it sit there for 40 years
Put 25% of the capital for angel investments
- When making angel investments, look for companies that will help or leverage your existing company or brand

Bryce recently started his own energy drink company called Ani
If you’re going to angel invest, you need to have an edge or expert knowledge in a specific industry