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“Shark Tank” star Mark Cuban has a ton of cash, however his wealth might’ve truly grown by a pair extra BILLION if he would’ve taken an early alternative to put money into Uber … a transfer he is regretting to today.
The billionaire investor and entrepreneur talked in regards to the deal that acquired away on an episode final month of Kevin Hart‘s “Hart to Coronary heart,” saying he was supplied the chance to place some dough into the corporate in 2009 — years earlier than the ridesharing sport took off.
Mark says it was a $250k funding at a $10M valuation — for the “Shark Tank” followers doing the mathematics, that might’ve given him 2.5 % of the corporate. Whereas the opposite sharks would possibly’ve laughed that valuation off, Mark’s $250k would’ve been $2.25 BILLION at the moment.
Mark says he supplied to present the money if the corporate was valued at $5 million, however he claims he by no means heard something again … and so they ultimately acquired another person to fill his spot. As you’ll be able to guess, he is vowing to by no means make a mistake like that once more.
Kevin says he additionally had the prospect to place $50k down on the model years in the past … however thought the concept of strangers driving one another round appeared like “Murderville.”
BTW, Cuban had beforehand invested in Uber co-founder Travis Kalanick‘s startup, Purple Swoosh, however the stars did not align on this one … and it appears like he is kicking himself over it fairly laborious!
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