I'm glad he mentioned luck. That was a surprising level of honesty. I'm also glad that he mentioned the need to treat employees better. Those were the only reason why I let this video play.
@theosname
8 ай бұрын
He did say luck at 1:03. The very next thing he said was more important though. By far the most common way to become rich, is to be born rich.
@Here4TheHeckOfIt
8 ай бұрын
@@doublecheckityt Just use the word luck. It shorter.
@Here4TheHeckOfIt
8 ай бұрын
I agree. I also liked that he said people probably couldn't repeat the same success if they had to do it all over again. Reminds me of the Twilight Zone episode "Of Late I Think of Cliffordville" @T1Oracle
@sammieolat
8 ай бұрын
@@theosname this just gonna put off those who wanna be rich but arent born rich, yes some had rich parents but doesnt mean others who wanna be successful cant do the same without rich parents
@Odog78
7 ай бұрын
100% This dude is legit.
@seljiang
11 ай бұрын
Marc Cuban started a company that sells important generic drugs for almost half the price. Dude is literally saving lives and being so humble about it
@aogly
6 ай бұрын
Not to mention all the investments he’s made into young entrepreneurs, sports, etc. dude is actually one of the good ones
@Eren-mt9rn
5 ай бұрын
There are no good ones just less disgustingly evil
@spike5499
5 ай бұрын
@@Eren-mt9rn what did he do that's digustingly evil
@avainvestmentanalytics
4 ай бұрын
Boy you've been fooled. Learn the facts and the truth about Cuban. He's a total fraud and business idiot.
@Eren-mt9rn
4 ай бұрын
@@spike5499 Labor exploitation, I researched a little and admittedly he is better than most people of his caliber.
@joezegers
11 ай бұрын
Only Mark Cuban can have the skill to look intimidating and inspiring at the same time!
@Woodshadow
11 ай бұрын
dude just needs some botox
@HORNGEN4
11 ай бұрын
@@Woodshadowit actually looks like too much Botox. Sagging lower lids require surgery
@InaQuarter
11 ай бұрын
@@GetWardsyou good bro?
@tradingelk6914
11 ай бұрын
A better question is what he's even looking at. I feel like there's a dancing dog on top of my head and he can't look away
@HORNGEN4
11 ай бұрын
@@GetWards I was just mildly upset the other commenter didn't know how Botox works. It's neurotoxin that relaxes muscles. So...I mean if anything his muscles look "too" relaxed. Of course, I don't think anyone *needs* cosmetic surgery, and I respect people who aren't so vein. You caught me, I do think about vanity more than I'd like.
@ThebestOne-sc6uo
11 күн бұрын
borlest - forbidden money books (thank me later)
@Apyramidfrfr
2 күн бұрын
Are you rich?? No
@PianoDoctor
11 ай бұрын
Mark Cuban is the kind of Billionaire who actually seems fun to hang out with.
@djjazzyjeff1232
11 ай бұрын
You imply that most aren't, you been hanging out with Billionaires on the regular? I cannot imagine it being anything other than an absolute blast lol.
@fishtofu3214
11 ай бұрын
@@djjazzyjeff1232 he's not implying that's just what you believe based on the sentence provided
@nullptr.
11 ай бұрын
Yeah.. no. Being a billionaire is antithetical to being kind, no single human should ever hold this much power and resources over others.
@mateoduquelondono
11 ай бұрын
@@nullptr.You are a communist
@TheRetardization
11 ай бұрын
@@nullptr. u must not know who mark is. everybody has a different story. not all billionaires the same.
@doim1676
11 ай бұрын
You can hear that hes a sales guy, everybody else in the videos is calm and collected and just tries to share their world with us and hes just straight up shouting at us and ngl... Definitly works. Im absolutely into it despite never having had a single thought about starting my own business 😂
@metalgod542
11 ай бұрын
Makes you instinctively think "What business could I start" 😂
@corail53
11 ай бұрын
And if any sales guy actually talked like that they would be not be getting a sale, especially not in todays world.
@Clowanda
11 ай бұрын
@@corail53you’ve never met a sales person then they are just like this lol
@Danstry
11 ай бұрын
@@corail53you sound dumb
@fos1451
11 ай бұрын
@@corail53it depends on what you’re selling and the people you’re talking to
@waynepalumbo8917
11 ай бұрын
I love Mark Cuban because he understands social responsibility for people who have an insane amount of money. Yes he has fun and has luxuries but i think he appreciates it, vs most others who just want the power.
@Hieronymus1450
11 ай бұрын
so naive omg, grow up kid
@waynepalumbo8917
11 ай бұрын
@@Hieronymus1450 do you just read through KZitem comments and reply with douchy responses?
@nawti2371
11 ай бұрын
I don't think I can ever accept the statement that a billionaire is a good person. Not saying he's an evil person but if he ever really felt that level of social responsibility that you speak of, he couldn't stay a billionaire.
@waynepalumbo8917
11 ай бұрын
@@nawti2371 ok
@djjazzyjeff1232
11 ай бұрын
@@waynepalumbo8917 Yes, don't you? 😂
@Kreonkreon
11 ай бұрын
I’m glad he said “the customer is rarely right” I ALWAYS say that
@patrickwilson2474
6 ай бұрын
You and him are basically twins!!
@matrixphijr
5 ай бұрын
The actual full quote is, “The customer is always right in matters of taste” anyway, which basically just means the customer is entitled to like what they like, NOT that they have the right to treat anyone like crap.
@bekanimal
3 ай бұрын
slightly unrelated, but also how I basically feel when teaching entitled students ...("the [entitled] student is rarely right") .. (I also have non-entitled and non-bratty students who are there to actually learn and be respectful and then their attitude toward the class lends itself so much better to rewarding and fulfilling learning, who'd'a'thunk!)
@cara804
Ай бұрын
it's irrelevant if the customer is right...make them happy or you don't have customer...usually that means they believe they are right...
@SMPthings
11 ай бұрын
Mark just shut down 80% of finance/business gurus on YT. 🔥
@TheDTVOfficial
11 ай бұрын
He's really a sales guy.. I'm not thinking about starting a business but the way he spoke made me want to take up the challenge and start my own..
@samantham.8265
7 ай бұрын
When we eat the rich, I kinda want us to spare Mark Cuban
@dreamsachiever212
5 ай бұрын
🤣🤣🤣🤣
@chanson8508
5 ай бұрын
Agreed 🙌🏾
@Nezumiiiiiii
5 ай бұрын
Nah they all going
@ArthurB26
5 ай бұрын
Yall ain't eating nothing, the 1% of the 1% can afford private islands and private militaries to defend them 😂
@Nezumiiiiiii
5 ай бұрын
@@ArthurB26 When the time comes those some militaries getting paid pennies will give them up too, you gone see
@Here4TheHeckOfIt
11 ай бұрын
His advice is actually pretty good. Down to earth and realistic.
@Somebody_i_used_2_know
4 ай бұрын
Sign of a expert salesman😂
@LowTide941
3 ай бұрын
@@Somebody_i_used_2_knowyou mean actual good advice centered around people?
@marketingplus
11 ай бұрын
TIMESTAMPS 0:16 leave job to start company 0:50 do billionaires create jobs 1:40 best question I've ever been asked 2:36 sports investment vs gamble 2:48 is the customer always right 3:10 great businesses that people don't realize 4:08 what would you change about sports industry 4:19 Crypto 5:22 why do most businesses fail 6:06 NFTs 7:34 what's something you wish you knew before starting a business 7:50 name image likeness 8:33 who's the best shark on shark tank? 9:02 most annoying business buzzword 9:24 explain series ABCD funding & what is venture capital 10:00 common mistake entrepreneurs make 10:24 best habits for success 11:00 CPA vs CAC 12:00 when is it time to call it quits 12:55 did you ever want to give up? 13:50 why is medicine so expensive in America?
@udbdkuhsvd5000
11 ай бұрын
Thank you so much ..
@_LINO_kid
10 ай бұрын
I love u ❤
@jimdorsey8891
9 ай бұрын
I just sent this to my children. I led the country in sales and your answers mirrored the younger me as now I am almost 74. You’re 100% right about sales. I wish I could meet you in person.
@persnicketyVC
4 ай бұрын
Just turning 24, good to see you here on the internet dear sire. Hope you and your family have all been well!
@TheWallProductions17
3 ай бұрын
"Led the country in sales" that is extremely broad lol
@raphaelwong3429
11 ай бұрын
Three green flags to be a disruptor: 1. An industry has not changed in decades. 2. An industry complicates the business so no one gets in . 3. An industry that seems complicated but simple business. Wow! Mark has offered some solid business advice. Thank you for Mark! Hopefully, I will be a millionaire in 2028. PS: His biography is worth reading!!
@EntrepreneurHomage
11 ай бұрын
When you have the means and proper people to do the legal side of the business, you can get into any industry.
@elijah__
11 ай бұрын
@EntrepreneurHomage getting into an industry does not equal disrupting it. You aren't wrong but I don't know why you said that or where you're going with it
@EntrepreneurHomage
11 ай бұрын
My reasoning is that it's not just about having the means, but also having good legal structure around you. This is a pain point for many, hence people like Mark are exploiting that. @@elijah__
@KurraAswini
8 ай бұрын
I will become ur solemate by 2028
@raphaelwong3429
8 ай бұрын
If you are my soulmate, why not invest the future now? Why wait 4 years? Hahahaha Much love :)@@KurraAswini
@Bloodark124
11 ай бұрын
I've not heard people talk about being curious for a very very long time. This is why Mark stands out here compare to the rest. Curiosity should lead you learning, knowledge and understanding, which is powerful to be successful for sure. Great stuff.
@Sujal.s.sawant
2 ай бұрын
It's insane how much quality of information this 15 min video holds.
@dreamlifter2701
9 ай бұрын
For a one percenter, He’s very honest I’ll give him that. I like how he’s aware that you have to be lucky to be that rich. Most rich people would lead you to think that all you want to do is chase money but in reality they’re all trying to invest in time. Don’t let the world fool you, your time is more valuable than anything, no matter what!
@Zisis.K
11 ай бұрын
7:33 The answer of this question was so nice. I hope it will raise awareness to new business owners. Respect.
@ohh2752
11 ай бұрын
Yes. He doesn't have to admit that either. Props to his honesty.
@shininio
11 ай бұрын
So weird feeling when you enjoy listening a multi millionaire. It’s refreshing to hear somebody successful and rich who is not a douche bag
@David-ne2wx
11 ай бұрын
Sounds like you're jealous
@onlygoodperson
11 ай бұрын
billionaire*
@shininio
11 ай бұрын
@@David-ne2wx don't worry, something tells me I'll never feel jealous because of you
@David-ne2wx
11 ай бұрын
@@shininio you're poor, angry, and dumb
@Itza-Me
11 ай бұрын
I'm pretty confident he's a douchebag, otherwise he wouldn't be as rich as he is.
@Chriva
11 ай бұрын
Duuuude. That guy is a legend. Wish more wealthy people were like that
@djjazzyjeff1232
11 ай бұрын
They are actually. Do you know any wealthy people? They're usually charming AF. You don't get to that level by being a stick in the mud.
@Chriva
11 ай бұрын
I know one and he's cool AF. I'm certain most people that WORKED to get there actually are really nice people. Same can't be said about families that has been doing it for 50+ years (Take a look on people in the medical and oil industry. Scammers and lying pricks most of them)
@pomelopompelmo
11 ай бұрын
Non-famous multimillionaires and billionaires are frequently absolutely lovely people. It’s the celebrity ultra-wealthy who give them a bad name.
@chowsquid
11 ай бұрын
@@djjazzyjeff1232 it’s their kids you kinda worry about. Those who earned it knows how it came to be.
@djjazzyjeff1232
11 ай бұрын
@@chowsquid 100% facts. You know the saying, "Hard times create Strong men, Strong men create Easy times, Easy times create Weak men, Weak men create Hard times." Couldn't me more accurate, especially when applied here!
@victoriaaak
11 ай бұрын
What a truly great guy. So much respect for his outlook.
@organicmilk5
11 ай бұрын
Thank you for still calling it Twitter lol
@cp37373
11 ай бұрын
It's literally not Twitter dummy
@gavinmorris95
11 ай бұрын
Tf else is he supposed to call it??
@zeinfeimrelduulthaarn7028
11 ай бұрын
@@gavinmorris95X
@jbOO7
11 ай бұрын
@@gavinmorris95X
@toonieblue
11 ай бұрын
@@gavinmorris95X? lmao
@BryanInvest
11 ай бұрын
Mark Cuban is the type of billionaire I want to be if I ever make it big. The guy exudes passion, coolness, and wisdom.
@craigslist6988
11 ай бұрын
lol you're not going to make it big hahahahahhaha
@TKInternational76
11 ай бұрын
@@craigslist6988you should question your life decisions, stranger. I mean no harm.
@craigslist6988
11 ай бұрын
@@TKInternational76 🙄 take a long walk off a short pier. I mean no harm though bruuh
@EntrepreneurHomage
11 ай бұрын
You be the best version of yourself ;)
@tubesism
11 ай бұрын
Not a single person in this comment section will ever be a billionaire. I would bet a billion dollars on it!
@AbirHasnat95
11 ай бұрын
1. Read 2.Curious 3. Agile 4. ABS (Always Be Selling)
@j.c.maxena5352
6 ай бұрын
"Billionaires have to be lucky. Maybe you have a rich parent." So honest and so true.
@lucasasselmeier7825
22 күн бұрын
Yup but not when we talking in millions, that’s something anyone who has the power to change can accomplish!!
@diggyj2509
11 ай бұрын
I seldom come across WIRED. Glad to have watched this. Thank you WIRED and Mark for this Entertaining + Educational + Inspiring video!
@anoshshinde7973
3 ай бұрын
Find the book titled Secret Pathway to Triumph. You'll learn all the money attraction techniques there. Trust me on this.
@va1445
11 ай бұрын
If I could give this 1,000 thumbs up I would. He get a bonus 100 for how emphatically he proclaims "one of the most patriotic things that you can do when you're wealthy is pay your motherf***ing taxes." Love this guy!
@luminous6969
5 ай бұрын
Yep! Those missiles aren't gonna buy themselves, gotta keep that war machine funded baby!
@suecampbell4811
11 ай бұрын
Thanks for keeping it real Mark! Just because you know multi-syllabic words doesn't mean you need to use them. Just because you can devise a complex business model doesn't mean you need to do so. The average person reads on a fifth grade reading level (the Flesch-Kincaid level is used to be sure public/business/advertising documents are geared to that level). So it makes more sense communicate in a way that most people will grasp. Same with the business model - keep it simple with few potential gaps. Loved how Mark described the pharmaceutical industry - why and how did it become so freaken complicated?
@Tom-ev4rg
11 ай бұрын
I have really come to appreciate Cuban. He seems like he has a high degree of self-awareness.
@bmuns6445
Күн бұрын
I love Mark Cuban. He’s a high energy, positive person with grounded morals and ethics.
@ShekharKumar-jh3uc
11 ай бұрын
Mark, you're awesome I really apreciate the no bs content
@TRJE114
10 ай бұрын
That was better than any Marc Cuban interview Ive ever seen. . This format allows people to get more indepth understanding of what you really want to know; how and why people think! Brilliant.
@denizplays1307
11 ай бұрын
I remember Charles Peralo did an interview livestream with Mark Cuban about a year ago (or two years), and it was funny to me how both talked to each other and put a smile on my face, besides all of the business stuff Mark is a nice guy!
@kelsey2333
3 ай бұрын
Charles peralo is in love with himself.
@AlexSchmidt-mk2ip
21 күн бұрын
I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?.
@Bahlaminn
21 күн бұрын
I will advice you should stop trading on your own if you keep losing.
@Bahlaminn
21 күн бұрын
If you can, then get a professional to trade for you I think that way your assets are more secure.
@Bahlaminn
21 күн бұрын
I'd recommend Scarlett Hansley, her profit is great even when there's a dip
@AishaMaryam-56
21 күн бұрын
Wow. I'm a bit perplexed seeing her being mentioned here also. I didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been amazing.
@Bahlaminn
21 күн бұрын
You don't need to be shocked haha because I'm also a huge beneficiary of her
@EarthsChoiceApothecary
10 ай бұрын
Mark you truly have been inspiring to me for so so long. Even during my most difficult medical hardships in the recent years, I kept coming back to your words of encouragement. Thank you for being YOU.
@hwago123
Ай бұрын
I like his description of VCs, he’s very self-aware.
@ThatsSoGiorgio
8 ай бұрын
I love how brutally honest he is. Very transparent. He annoys me on shark tank and he’s my least favorite shark but I can see why he’s so picky. He’s a brilliant man who gets straight to the point.
@clap-os3fu
6 ай бұрын
Does it get any more American than this man?
@midimojo
4 ай бұрын
It does. He's way too laid back in his approach towards taxes here, that's not very American. Well, not very American for the average rich American
@ljwhitmire200
11 ай бұрын
The hardest thing I ever had to learn was that there are bad customers. Getting rid of bad customers really got rid of a lot of problems that were being caused by only a couple of customers.
@lucasasselmeier7825
22 күн бұрын
Yup and good customers spend more, get more out of what your selling, tell their friends and have better experience, easy to fulfill. The list never ends 😅
@cobblecattt
9 ай бұрын
"PAY YOUR MOTHER FUCKIN TAXES" I like this guy.
@Headlikeanorange84
11 ай бұрын
The question in the thumbnail is asked at 01:34.
@sandlertrainingmiami
9 күн бұрын
Mark's advice aligns well with our sales training principles, particularly his focus on adapting to market needs and understanding your customers. Here are some questions we suggest you can use to better understand your prospects: - What key things can you tell me about the business? - Where do you see the biggest need for improvement? - If the situation didn’t improve, or even worsen, how concerned do you imagine you or the business would be? This is a great reminder of how key persistence and strategic approach are in sales. Love it 💯
@RisingShadow11
11 ай бұрын
mark is honest and down to earth love his answers
@DFact13621
9 ай бұрын
It's been awhile since I watch an entire video on KZitem. I love listening to him.
@CritVanTuyl
11 ай бұрын
Thanks for the constant sound advice, honesty and compassion.
@alcubierre-drive
Ай бұрын
This video may be one of the best business lessons I’ve ever seen, and it’s completely free! Thanks Mark Cuban, Wired, and KZitem!!
@Dash_Inc
11 ай бұрын
7:00 "DON'T SPECUL...mleahhh" Wiser words have never been spoken...
@dishcleaner2
11 ай бұрын
I felt like I was learning how to be a better "salesman" just by listening to this dude talk about his ideas. Cool dude
@grantstuckwisch21
11 ай бұрын
"The most valuable asset to me wasn't the money, it was the time that money could buy."
@fun71180
10 ай бұрын
I like his honesty about luck and overall. He has principles and values.
@Gregg-i4o
11 ай бұрын
"Pay your motherfucking taxes"
@TomBraxton9
Ай бұрын
*Appreciate your videos! I’m 54 and younger generations should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches to help build their wealth. If anyone here needs a good coach, here’s it..*
@TomBraxton9
Ай бұрын
Elizabeth Greenhunts get to her with the name
@AkBirdman17
11 ай бұрын
I love Mark Cuban. Literally the only billionaire I respect. "The most patriotic thing you can do is pay your motherfucking taxes". Love that, and totally agree. People are so cynical about paying taxes now it makes no sense to me. They cheer on billionaires who find loopholes and pay less in taxes than them. We need less billionaires, all they are are money hoarders. Can't spend all that money even if they tried.
@bbb_888
11 ай бұрын
Even if billionaires paid more taxes, would it really benefit you? Taxes go to the government, but do they have your best interest? Tax "loopholes" exist intentionally for anyone to use. Why not take advantage of what's legally available? But different countries have different laws, so be careful. This is just my perspective tho.
@djjazzyjeff1232
11 ай бұрын
I would staunchly disagree. America was founded LITERALLY by people who were pissed off about how much taxes they paid. Paying Taxes couldn't be more antithetical to what this country is. But philosophy aside, you can't just hike up the tax rate TOO aggressively, you'll collect ZERO because they'll just move to Puerto Rico. And they're the exact demo who has the capability to do something like that.
@daviddavis5800
11 ай бұрын
Billionaires don't hoard money. They invest it or spend it or save it in a bank that then invests it. Billionaires also don't have billions of dollars stockpiled, they have a net worth of billions meaning they would only have billions of dollars if they sold all of their companies, investments, and assets.
@AkBirdman17
11 ай бұрын
you literally just explained how they hoard money while saying they don't hoard money. If youd like to substitute the word "money" with "assets" then that doesn't really change my argument, does it?@@daviddavis5800
@djjazzyjeff1232
11 ай бұрын
@@daviddavis5800 Not "a" bank, dozens, if not hundreds of banks!
@rickybishop8388
11 ай бұрын
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... stock,silver and gold)
@malone7655
11 ай бұрын
After I got upto 900k trading with expert Angela Mae McClain,I bought a new House and I'm now able to send my kids to a better school in the states When someone is straight forward with what he or she is doing people will always speak up for them.
@malone7655
11 ай бұрын
she's always active on Whats'akp
@malone7655
11 ай бұрын
+130
@malone7655
11 ай бұрын
1909
@malone7655
11 ай бұрын
4463
@RahulBarman15
11 ай бұрын
This was a great video. Mark is a great guy sharing so much. Love him
@toobarehman8416
2 ай бұрын
He's so smart and answers wisely. He knows his industry so well.
@emmacarmichael2403
11 ай бұрын
I like how you still refer to it as Twitter 🐦
@cp37373
11 ай бұрын
Dumb
@therealzuluking
11 ай бұрын
X
@TheChillCorner93
6 ай бұрын
I love how this video is so educational in the simplest terms
@NextLevelTherapy
9 ай бұрын
Thanks wired. Huge value given with the pace, diversity, and number of questions answered. 🙌🏾
@wolfheart5408
7 ай бұрын
His description of venture capitalist is ultimate
@aykhanislamzade
9 ай бұрын
Idk how right I am but he has always been fair with his offers in the show and is always down to earth and kind in the interviews. Really like the guy 👍
@iliyaisd
3 ай бұрын
The last part regarding drugs sums it up why it has always been so difficult for me to start business: there's so much content, this content does explain it quite well, yet you realize that there is so much unethical there. Like he said: everybody hates them. But even when the product itself is ethical, also everybody hates ads. Everybody hates the way marketing campaigns are. And you realize you gonna have to do it all to move anywhere at all.
@Andersonian1995
11 ай бұрын
Mark Cuban is one of the few billionaires who actually gets it - anytime he speaks, I listen.
@devinkoerner344
7 ай бұрын
That was honestly one of the best entrepreneur videos i've seen to date, straight to the point and packed with knowledge.
@jardorocks
8 ай бұрын
These are true gems of information and inspiration! Thank you, Mark!
@witchblade100377
6 ай бұрын
I always love listening to Mark Cuban talk business stuff, he doesn't sugar coat anything, he tells you how it is and and don't be lazy.
@iicyjay
10 ай бұрын
He answered everything I would've asked him in person. Amazing video!
@nitsujanimations7212
6 ай бұрын
You know when a person truly understands what he's talking about, is when he explains complex things , it does not seem too complicated.
@theonlykisboi
11 ай бұрын
Literally want to start my own business just so I can spend time with my family, not feel so freaking burnt out everyday, I have a small thing on ebay and even though it doesn't make a ton I LOVE doing it.
@DeflatingBalloon
11 ай бұрын
I love that! Keep it up! You never know what it could turn into to. Especially with passion behind it. :)
@corail53
11 ай бұрын
Starting your own business means you will have less time and more burnt out if you want to make it big.
@canadude6401
11 ай бұрын
Listen to Mark's response 5:47 You can't have both time with the family and a successful business in the early stages. That comes much further down the line AFTER you hustle!
@AdamOBrien29
10 ай бұрын
Sell crack cocaine
@TGF120
11 ай бұрын
Mark I always liked and respected you and even more so now. Truly. You deserve everything you got and then some.
@dhaniammar2252
11 ай бұрын
THIS IS THE BEST WIRED INTERVIEW EVER
@G-Major
11 ай бұрын
If your digital good is only valuable when recognized by a central authority (literally what tickets are for), you don't need decentralized NFTs. You can just do it with normal web sites and apps. Steam marketplace figured this out in like 2012. Neopets did it in like 1999 lol
@brendancurtin679
11 ай бұрын
I mean you’re right but that doesn’t mean there’s no value to NFTs. One of their potential benefits is interoperability. If you’re Ticketmaster, you’re not going to use NFTs; you’re going to have your own proprietary system. But you’re also a monopoly and you’re a middleman. If you’re the actual ticket issuer, and you’re big enough (like a major sports league), you’re probably going to have your own proprietary system because the ecosystem can be big enough and popular enough to survive. But there’s a limit to how many different apps and systems and whatnot people are willing to use. And outside of a few major organizations like sports leagues etc., you’re not going to have hundreds or thousands of different in-house systems. Most people will use a third party, like Ticketmaster. That’s where NFTs potentially offer better value. Assuming they’re ultimately built on the same blockchain or protocol or whatever, there would be such a lower barrier to entry. Companies with some IT know how issuing tickets could maybe do it in house to issue the original tickets (and buyers could resell on different marketplaces) or they could use third parties to help with creating and issuing tickets but have lots of options to choose because all can ultimately sell the tickets in the different marketplaces. So I think NFT tickets allow for ecosystems with more players, fewer barriers to entry, and less money to be made by middlemen that create and control an ecosystem that they can shut companies out of, if they don’t pay more and more or follow their top down rules.
@G-Major
11 ай бұрын
@@brendancurtin679 But those crypto marketplaces are third party middlemen, as are the crypto wallet apps and exchanges. All of them have their own transaction costs, security risks, customer support, app UX, legal jurisdictions, etc. You're almost certainly gonna have less overhead if you just pick a single digital wallet/trading provider and integrate that into your customer support, app, legal, IT, etc. Crypto doesn't need to be involved to accomplish any of that. If you really want to prioritize decentralized transactions between untrusted entities, you can make the tradeoff I guess. But I don't think a typical ticketing venue actually gets good cost-benefit out of it.
@corail53
11 ай бұрын
@@brendancurtin679 There is no value to NFT's and tickets are bad use case.
@camerongray7767
11 ай бұрын
This is one of my favourite wired episodes ever
@abdirahmanb.5223
8 ай бұрын
I love this man, he’s smart and so humble
@ka7665
11 ай бұрын
I saw this post on FB the other day. The interviewer asked, "If you could have dinner with someone, who would it be?" Of course the interviewees all said their celebrity crushers, Taylor swift, etc. I'm a straight guy and I'd choose to have dinner with the legendary Mark Cuban. I will gain MORE knowledge on that one dinner with Mark than I've ever learned over the past 28 years of my existence. I wish to meet this guy even just once in my life. It'll be totally worth every minute.
@javier.alvarez764
8 ай бұрын
Hang out with billionaires and you'll learn how to make money
@SuperMrBlaze
7 ай бұрын
Imagine an education system where this guy would be your teacher! Now, that would be awesome!!!
@stefanbucur6472
11 ай бұрын
I agree with pretty much everything he said except for NFT's. There are industries that boom after a period of stagnation and there are industries that just die because they are not that useful for the average consumer. I think the NFT industry is one of those. When you buy an NFT you're technically not even buying the rights to a certain image as he made it sound, but a link.
@leonlu7646
11 ай бұрын
well... that's not true... please look up on-chain... you are also limiting the application of NFT to art..
@LucMMailloux
11 ай бұрын
NFTs have the potential to be sooo much more than images. I'm no fan of NFTs in their current form, but Cuban is right about their potential.
@echoct506
11 ай бұрын
I thought he made a good point about using them as a means to validate tickets. I'm curious about how that could be used to cut out scalpers, but I see the potential. @@LucMMailloux
@joncarroll2040
11 ай бұрын
I think he's probably right about the future of NFT being in things like ticket but the idea that you should buy NFTs because you love NFTs is laughable. No matter what you love in terms of collectibles buying the physical version is a better investment and more enjoyable
@Adambiguous2
11 ай бұрын
Ordinals are NFTs stored directly on the blockchain
@bertoman1990
11 ай бұрын
My guy Mark lost sleep before this interview, his eyes about to roll to the back of his head
@DisasterSquad
3 ай бұрын
Thinking nfts will ever go anywhere is a huge fail on his part.
@Stupendously-
7 ай бұрын
why does it look like he is looking up and forward at the same time 😂😂😂
@tsutherland
11 ай бұрын
The full quote is "The customer is always right, in matters of taste"
@oedesignstudio_
2 ай бұрын
the full quote is "the customer is always right, in matters of taste"
@Bulldogg6404
11 ай бұрын
Man just sold us an entire motivational lecture for free.
@jamesharrison1178
11 ай бұрын
The fact this dude seems legit and transparent means he’s after the same thing to common man is after. Money. Which in turns buys happiness.
@canadude6401
11 ай бұрын
Money doesn't buy happiness. Here is the real equation: money buys freedom. Freedom buys happiness. People should aim for freedom in life (no debt, no boss, not working a dead end job). If you have tons of money, you have tons of freedom to do what you want, when you want, how you want.
@dahunter136
11 ай бұрын
Love his advice videos. Does this mans have a podcast?
@NovaEverly-u7z
6 ай бұрын
It's been awhile since I watch an entire video on KZitem. I love listening to him.
@iga008
10 ай бұрын
Thanks Mark always for sharing your experience and expertise!
@StephRae
2 ай бұрын
As a Customer Service "expert" I loved his answer. The customer is rarely right but the customer has so many options they must be respected and understood. It also explains why as an entrepreneur I have had failings because I was trying to appease rather than building the best "mousetrap". Double-edged sword and then you add in the luck variable, well 😬. I will keep working and tenacity is at least my strong suit. 🤩
@rez11
11 ай бұрын
This man has saved my dad lots of money on his medicines with his site, not often can you say that about a billionaire, hes at least trying to make the world better for people, and for that reason I'm in.
@corail53
11 ай бұрын
He is getting richer because of it - not trying to make the world a better place but rather profiting off it.
@fatemad4012
11 ай бұрын
@@corail53why are you so negative?he can be both profiting and helping others the world is not black and white
@DavidCarloAFermo
9 ай бұрын
@@corail53same idea if a market doesn't have oranges, and you need the vitamin c and like oranges. You can't buy an orange which makes you sad, a net negative. An orange seller finds the problem, the lack of oranges in the market. He sells oranges, all people like you who want oranges buy his orange, he profits massively because there's many if you that wants his orange, you are happy with your orange along with all other orange buyers, the orange seller gets rich off of selling orange, net positive. You can't say the orange seller tried to make the world better, but he definitely made it better for those people that wanted to be able to buy oranges.
@davidlinehat4657
8 ай бұрын
@@fatemad4012people like that are negative because they view life as a zero sum game. In reality, there's a world where everyone benefits. I need cheaper medicine, Mark figures out how to sell cheaper medicine, we both win.
@loudermilkhomes
2 ай бұрын
He deserves everything, he worked hard to get there and is a genuine person! Hope to see him continue to inspire people
@bigmufff
11 ай бұрын
Love it. It was a 15 minutes MBA.
@chowsquid
11 ай бұрын
Where’s my certificate prof. Cuban?
@Testam3nt479
6 ай бұрын
Mark is lots of smarts
@johngrimm2074
11 ай бұрын
Love his take on Venture Capitalists. Fcking hit it right dead center.
@gnatsson1629
11 ай бұрын
Lol didnt he describe EXACTLY what he does on Shark Tank?
@johngrimm2074
11 ай бұрын
@@gnatsson1629 not really. If you look at Scrub Daddy right after the deal was made at Shark tank, Lauren was very hands on with the Creator on everything making sure the wave of interest didn't wane. Also if you actually search up certain shark tank deals, some of them didn't come through with the deals, because of certain backdoor info. Some of these deals yes they want capital and name only, but others actually want expertise, it's a varied bunch of individuals that look for the sharks.
@spectral__
11 ай бұрын
@@gnatsson1629 No. He only makes offers to businesses he thinks he can add value to and help. If you ever watch the show, there's been many times where he immediately says he out because he doesn't know the industry the product is for or doesn't think he can help. Sometimes he'll go to bat for another shark as well if he really thinks their industry knowledge is a fit. A venture capitalist in general is not like that. They just want to make their money back, regardless of what that actually means for the business.
@jeneuweenlaf948
7 ай бұрын
I like that he realised he shldve treated people better back then. Shows a guy willing to own up and grow up. He's my favourite Shark.
@RishabhSharma10225
11 ай бұрын
He's such a cool guy. Keep it real Mark!
@kattkitt-qe8ks
2 ай бұрын
0:16 leave job to start company 0:50 do billionaires create jobs 1:40 best question I've ever been asked 2:36 sports investment vs gamble 2:48 is the customer always right 3:10 great businesses that people don't realize 4:08 what would you change about sports industry 4:19 Crypto 5:22 why do most businesses fail 6:06 NFTs 7:34 what's something you wish you knew before starting a business 7:50 name image likeness 8:33 who's the best shark on shark tank? 9:02 most annoying business buzzword 9:24 explain series ABCD funding & what is venture capital 10:00 common mistake entrepreneurs make 10:24 best habits for success 11:00 CPA vs CAC 12:00 when is it time to call it quits 12:55 did you ever want to give up? 13:50 why is medicine so expensive in America?
@nesnaj1730
11 ай бұрын
Isn't Mark's take on venture capital exactly what he and the other sharks does at shark tank? I love his take btw.
@pogz1279
11 ай бұрын
sharktank was the first thing that comes to my mind when he explained the venture capital
@ravangersplaty9126
2 ай бұрын
I love show Mark is so honest and into in answering these questions
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