tv OBJEC Tified FOX News October 22, 2017 5:00pm-6:01pm PDT
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about 18 seconds. ♪ ♪ >> the objects people choose to keep in their home define who they are. this is "objectified: mark cuban." did you worry you would not be successful? [laughter] [laughter] >> oh, all >> i'm harvey levin. this is the story about a man who went from selling garbage bags to bagging billions. >> i'm not going to lie, it does notde suck to be rich. >> but thereev were struggles; failed businesses, evictions, massive debt. but he neverit lost his spirit r his passion for partying. mark, you are wasted. >> okay, maybe a little bit. [laughter] >> an internet start-up made him filthy rich. hema overpaid for the mavericks and turned perennial losers into champs. >> when i watch the last 30
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seconds of when the mavericks won, it still makes me emotional. >> shark tank made him a bona fide celeb, positioning him for a 2020 presidential run. scale of 1-10, where are you right now? mark cuban, fearless in life with a passion for winning. ♪ ♪ >>la mark. >> what's up, harvey? >> how you doing? >> welcome. >> thank you. now i understand dallas living. it's not bad. >> not bad at all, right? >> let's get started. >> let's do it. >> okay. what's that? >> this is the stamp collectors' book that my mom gave me when i was probably 16 years old. and she had collected them as a kid in pittsburgh, and i just took this and started collecting stamps. >> that's what you did for a hobby? >> i did it -- no, not just as a hobby. i quickly, as i tend to do, turned it into a business. at a stamp show, there'd be all these stamp dealers set up in this ballroom or whatever.
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and i bought a stamp, and i'd use the scott stamps guide to tell me how much it was worth. and it had been cataloged as one stamp, and i thought, you know what? they might have got this wrong. to finish so i took 50 cents, but i ended up making my way through the room who found somebody who agreed that it was a more expensive stamp, and i sold it for $50. >> so you were buying and selling stamps. >> buying and selling stamps, yep. >> how did you become a entrepreneur at that age? you were very young when you started. oh, i mean, i was an entrepreneur as long as i can remember. when i was 9 years old, i would repackage baseball cards, and down at the park on meadowlark drive in pittsburgh i would, you know, repackage the baseball cards i had and say, okay, in one of these is a pirates player. you might get willie star gel,
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roberto clemente. when i was 12, i was selling garbage bags door to door. >> your dad was a car upholter, your how many was a -- your mom was a housewife. where did that come from? >> i don't know.s, if you want something, you've got to earn it, you know? dad, i want a new pair of basketball shoes, because i was a basketball young key -- >> was it about getting stuff, or did yout, have dreams of beig rich? >> itos started off getting stuf and then my dad being very clear that, look, if you want those basketball shoes that you have right now look like they're working really well. if you want a new pair, you've got to figure out how to earn it. and i think it started with that. and then when it worked, it was like, okay, i can do this. i can do a little bit more, a little bit more. then i realized i could sell. i sold magazines door to door. if i could tell you for 75 cents a week i can improve the educationo? and enjoyment of yor family, how could you possibly say no? >> i would do the same thing in my dad's liquor store,
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explaining why they needed to buy an expensive bottle of wine. [laughter] >>tu right? >> when does it change to becoming wealthy? >> i would read books about ted turner, about famous entrepreneurs -- >> when you were aye kid? you start reading about ted turner saying i could be a guy like that? >> yeah, absolutely. >> and that's why you were reading those books, they were inspirational? >> definitely. why not me? why can't i do this? >> when you were in junior high maybe, you were an overweight stamp collector. >>bue pretty much. >> were you bullied? >> a couple times. i had great friends but, yeah, i remember one time getting punched in the stomach and not responding. i remember one time playing pick-up football, and some dude kicked me, and, you know, i kind of went at him, but i had no chance. he just threw me down. >> i also read on occasion you bullied others. >> one time. >>lt tell me about it. >> his name was bobby walker,
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and i punched him in the stomach. immediatelyab after, i felt horrible, just horrible. andsc i remember not saying anything about it for years, but my first high school reunion that i went back to, i saw him, and i apologized to him. he was like i don't remember any of it, but i'm like, yeah, i did, and it bothered me. >> what'd you get from that? >> that it wasn't just about me and that actions have consequences and, you know, i was just wrong. >> if you had grown up rich, do you think you'd be as successful as you are today? >> i don't know. i can't even relate. i can't even relate to the question. but i can tell you this, it terrifies me about my kids. i don'twh know. i really don't know. this is who i am. ♪ ♪ >> oh, my god. what is this? [laughter] >> so my company, micro
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solutions, got named on the inc. 500, i think we were the top 40 fastest growing companies in the fastest growing companies in the country. >> right. >> back then, if i did something like that, we had to go have fun. my buddies put this togethr and gave it to me -- >> censure magazine. was -- venture magazine. was there such a thing? >> they're long gone. and i didn't get top entrepreneurs, but to -- >> mark, you were wasted. >> no, i'm just tired. >> are you just tired? >> just tired. it was a long night just contemplating life. >> mark. >> okay, maybe a little bit. sd house i'd owned. um, and my house didn't have a lot of furniture. - no kidding. - and so everybody would come-- after we'd go out, my place was the place that everybody would come and crash or hang out or stay up late, you know, 'cause after the party, there's always the after party. - that was always at my house. - wow. whatever i give to iu, it'll only be a fraction
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of what indiana university gave to me. i want to take you back to kind of the lean years if i can. yep, so in my senior year in college in indiana, early summer, 1979, and i'm like, "i'm gonna start a new bar," and i took $2,200 or so of my student aid and we bought this bar, and renamed it from the silver dollar to motley's pub, took out all of the disco stuff, put in a dance floor, a regular dance floor. and started playing rock and roll you could dance to. from free, "all right now," to, you know, rod stewart to old beatles, old elvis, just anything we can get people to dance to and there was a line to get in the door. so, um, successful? for a while, it was the hottest bar on campus until we got busted. we had a wet t-shirt contest and it just seems so obscene and so wrong now, but back then, we were just copying what other bars were doing. and i carded everybody who walked in the door. but one of the girls who was in the wet t-shirt contest
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ended up being a minor on probation for prostitution. and the local newspaper put a picture of that and her picture was in the paper. and that's when the whole thing started to crater because they said, "oh, she's 16." i'm like, "we carded her. i carded her." "doesn't matter." and then, you know, once you get a reputation that the cops are going to be in your bar every night, that ended the bar. that ended motley's pub. okay, so you're in indiana. you're graduating. you put together a list of industries that you were interested in. - yeah. - what was on the list? mark: cable, programming, technology, banking. things that i thought were up-and-coming industries. things that i thought i could grow with that industry and that were interesting to me. why did you go to dallas? - i had a bunch-- - i hope the stories that i've read are not true. they're all true. ( laughing ) i had a bunch of buddies down there. they were living in a place called the village, which was the world's largest apartment complex and they said, "the weather's great compared to indiana," or pittsburgh, where i grew up.
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"the women are hot and the economy is booming. come on down." and i'm like, "i heard something about the women being hot." ( laughing ) took my fiat x19, had a hole in the floorboard. you know, had enough money for gas and oil, and the rest is history. so you're this guy who is so focused on career, and what i read is true. that it was more about hot women than it was about anything else. isn't it always for a 20-year-old, or 24-year-old kid? so did you take advantage of, uh, dallas? you know, um, i lived six guys in a three-bedroom apartment, and i slept on the floor. my options were severely limited. ( laughter ) and i gained, like, 30 pounds. it was horrible because i had no money. and so literally, we would go out someplace where you could buy one beer and just eat all the fried mushrooms that you could get. and so i mean, i just got bigger and bigger and bigger, and, um, it certainly worked against me in that respect.
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- so you're in dallas. - i'm in dallas. - you're laying on the floor sleeping. - yep. - nastiest apartment ever. - and so how do you get on track with business? so, i got a job working as a bartender, at a place called elans at night, and then during the day, i would go looking for jobs. and ended up at this place called your business software. and so we went through the interview, and the key question turned out to be, you know, "if you run into a problem with software, and you don't know the answer, what are you gonna do?" and i said, "well, i'll get the manual out and i'll read the manual and i'll find an answer. because chances are i know more than the person asking." and they said, "great answer. you're hired." and that was my first real job, my first job in computers, and as it turned out, i just-- i just loved it. what was your goal then? my goal, i mean, from as long as i can remember, being a kid was to start and run my own business. i mean, that was it, period, end of story. and you didn't know what the business was. i didn't know what it would be at that point, no. - so you were just fishing. - i was-- i was scrambling.
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yeah, that's why i put together my list. - i had no idea. - did you worry you would not be successful? oh, hell, yes. are you kidding me? oh, all the time. i was-- i was terrified and i think that motivated me. what does that feel like when you wake up in the morning and mid-day, you're a billionaire? it feels damn good. ( laughing ) i'm not gonna lie. it feels damn good. ( laughing ) i tabut with my back paines, i couldn't sleep and get up in time. then i found aleve pm. aleve pm is the only one to combine a safe sleep aid plus the 12 hour pain relieving strength of aleve. i'm back. aleve pm for a better am.
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and her new mobile wedding business.tte at first, getting paid was tough... until she got quickbooks. now she sends invoices, sees when they've been viewed and-ta-dah-paid twice as fast for free. visit quickbooks-dot-com. our recent online sales success seems a little... strange?nk na. ever since we switched to fedex ground business has been great. they're affordable and fast... maybe "too affordable and fast." what if... "people" aren't buying these books online, but "they" are buying them to protect their secrets?!?! hi bill. if that is your real name. it's william actually. hmph! affordable, fast fedex ground.
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a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. so tell me what this is. this is a plaque we got from the nasdaq from broadcast.com going public july 17th, 1998. it was the biggest one day gain in the history of the stock market. it was the ipo heard 'round the world. a stock that shot up 249% on its first day of trading last week, breaking records, creating instant fortunes, and leaving the rest of us asking, "why didn't i buy that?" - harvey: this was audionet? - mark: audionet and it morphed into broadcast.com. so this is a symbol of when you became a billionaire? yeah. for the most part, yeah. that was the start of it. why did you decide to glom onto the internet? 'cause that was in its infancy. um, i was always a tech geek, right? so, um, my first company, microsolutions,
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we were one of the first companies in the country to do what was new. back when people were just getting their first exposure to pcs, i thought, "you know what? at some point, we're gonna have to hook these things up together." and so we became one of the first companies to integrate pcs, so i named the company microsolutions for a reason, right? because we're using microcomputers to create solutions. and i would walk in the door and i said, "i have very specific objectives for your company. i want to make you more profitable. i want to make you more competitive. i want to give you an advantage versus your competition. and those are my goals. if i can't do that, then you don't have to pay for it." and so my strength, my real skill was, other than putting in the time to learn, was that i can put myself in the shoes of any business. you pick any type of business to this day, and i'll figure out how they're gonna make money. i'll figure out their competition. i'll figure out ways to get a competitive advantage and make them more profitable. when we talk about new companies and growth and success, there really is only one common ingredient across any type of business, whether it's oil or computers or software, anything.
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and that key ingredient is customers. how old were you when you sold it? i was-- just turned 30, i think. - how much you make? - so we sold it for six. i paid off investors and partners, and gave a million dollars to employees, so i started with 2 million. okay, so you have been kind of a starving student, - and now you're a millionaire. - yep. - how did that feel? - felt pretty damn good. that whole-- i mean, it was fun. ( laughing ) how did you-- how did you know you made it? what did you buy? what was the thing? i had to fly a lot for business. i'm like, "i wonder if american airlines has a lifetime pass." because i'd love to just party like a rock star, travel everywhere. it cost me $125,000, which gave me 25,000 miles a year for the rest of my life. me and i can take anybody i wanted. - did you use it? - oh, hell yes, i used it. i was a rock star. are you kidding me? i can just walk into any bar anywhere, call any of my friends and say, "where do you want to go? want to go to the olympics?" yeah, so we went to, you know,
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this is back in the early '90s, so we went to barcelona to watch the dream team play, went to moscow, and got to go to the kremlin. you name it. never before in the history of the world can you come in and listen to almost any team from anywhere in the world. a friend of mine came and said, "you know what? this whole new thing called the internet, there's gotta be a way to be able to listen to indiana basketball - from anywhere in the world." - harvey: and you went to college in indiana. mark: yeah, i went to college. i was a huge basketball fan. and literally, we would have somebody in bloomington, indiana hold a speakerphone, put a speakerphone next to a radio, and then we would sit around the speakerphone drinking beer or whatever listening to the game. and i'm like, "this is crazy." and so, because i had a background in networking, i'm like, "okay, we'll figure this out." bought a packard bell pc for $3,000, put in an isdn line in my house, downloaded some software, and started going to work. and within a day, we had people from all over the world saying, "we love this idea." and so we went, you know, we had 1,000 users after a week.
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5,000 after a couple of weeks. and it just took off. we called it audionet. two internet companies are satisfying their urge to merge. yahoo is buying broadcast.com in a $5.7 billion stock swap. harvey: you had a third interest, so you had about 2 billion bucks. yeah, about $2 billion before taxes, and-- what does that feel like when you wake up in the morning and mid-day, you're a billionaire? it feels damn good. ( laughing ) i'm not gonna lie. it does not suck to be rich. you were incredible focused. how much of it is luck? well, luck is scale, right? is being a billionaire, does that take luck? absolutely. anybody who's that wealthy will tell you luck has a lot to do with it. harvey: i see you kind of as a paradox because you are a driven guy. you worry that somebody's working 24 hours a day to do you in. and yet, fun is so important to you. - i don't see the two mesh-- - well, i get to do it on my terms now, right? my fun's a little bit different, right? i don't have to go out and get trashed every night with my friends. the best words that i hear anymore is when one of my kids says, "dad," right?
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just to hear that word, "dad," right, just changes me. it's just like-- that gives me chills just hearing them say that. or, "dad, i love you." it just melts me. and so that changes the dynamic of everything, but it doesn't reduce my competitiveness. it just gives me a different sense of balance. you do not apologize for being rich. there are a lot of people who kind of want to hide it. they don't want to talk about it. - you rock it. - oh, hell no, man. there's nothing better. i've had to worry about bills. i've had my credit cards cut up. i've had my-- i mean, i've come home and my electricity was turned off or the water was turned off, or, you know, you name it, you know. so i've been there. being rich is a whole lot better. a whole lot better. and there's no reason to apologize. and i hear from these people, right, "oh, it's such-- such a burden." i'll take that burden every time. i mean, just-- i've been on both sides and being rich is a whole lot better. - you sound like a candidate. - i'm a concerned american citizen.
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well, so am i, but i'm not a candidate. i wouldn't run unless i have solutions. if i have solutions, then i have something to offer. if i don't, you won't see me anywhere near being a politician. i like you a lot, but that was bs. - because-- well, it was bs. - ( laughing ) for over 100 yearsaking like kraft has,al cheese you learn a lot about people's tastes. honey, what do you want for dinner tonight? oh whatever you're making. triple cheddar stuffed sliders. sold!
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tomorrow at fort bragg, north carolina. his future lies in the hands of an army judge after his decision to plead guilty to a charge of endangering his comrades by leaving his post in afghanistan in 2009. bergdahl was held captive by the taliban for five years. i'm rick leventhal, now back to objectified. ♪ ent. ( laughter ) "sharknado 3." it is my great honor to present the country's highest civilian commendation, the presidential medal of freedom, to finley allen shepard. ( applause ) i remember it. i was eaten by a shark in ten seconds. - you were president. - yeah. this is lester williams, reporting live from orlando. what? ( screaming ) was that a precursor to anything? mm, maybe. we'll see. but, um, it was fun, right? i got to shoot guns and run and do stunts. i was told that you would only do it on one condition.
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yeah, that, um, i wasn't eaten. - that i lived, right? - ( laughing ) - harvey: why was that important to you? - mark: because i wanted to come back and do it again. i was playing president. i mean, if there's any role you can bring back, being president has gotta be it, right? - or you could run. - or i could run. i don't know which would be tougher, "sharknado." - ever enter your mind? - yeah, of course. um. that's a big statement. - well, i mean-- - most people don't say "of course." yeah, well, i get asked, you know, 100 times a day, and, you know, i've always been very apolitical until this past election in 2016. i've avoided it. i think this election kind of just changed my attitude toward it. because initially, you liked trump. yeah, i did-- well, i didn't agree with a lot of his positions and i told him so, but i liked the fact that he was honest, outspoken. that he wasn't, like i told him, a stepford candidate. i thought all those things were positive. i think we're going into an era where people want somebody who comes up with solutions. i think we're going into a time where you need somebody
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who can connect to people and related to people at a base level, and appreciate what they're going through, and i think i qualify on each of those. now, whether or not i'll do it, that's a big decision. so this is something you're considering? considering? yes. made a decision? far from it. harvey: how does your family feel about it? mark: my kids love it, my wife hates it, so... - harvey: she hates it? - mark: yeah, and so that's an influencing factor as well. i mean, my family's everything to me. if she says no, do you not? we have a discussion. it just depends on the-- it just depends on the circumstances. - that is an alpha response. - right? yeah. - is she anywhere-- is she? - ( laughing ) you kind of started this by, um-- i don't know whether it's audacious or snarky, but saying you could kick hillary clinton's ass and donald trump's ass if you decided to run. yeah, that was being snarky and having fun. right. there's-- there's still a point, i mean, you know, there's-- there's a part of me-- - did you believe it? - yeah. yeah, absolutely. i'm competitive and maybe a little bit arrogant, but president trump has a great following
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and they're not gonna turn on him. - harvey: why did you? - mark: why did i? because exactly what i told him. i was really concerned about a candidate becoming president that was not making the effort to learn the issues. i would try to talk to him about it. i'm confused. are you a democrat or a republican? i'm fiercely independent. but if you run, you're going to have to run one or the the other. um, maybe. well, if you had to choose, what would you choose? - probably republican. - how come? because i think there's a place for somebody who is socially a centrist, but i'm very fiscally conservative. but i think there's better ways now to make government smaller than the old traditional republican ways. again, using technology. you know, government as a service can have a dramatic impact on how we live our lives. if you don't understand technology, and you don't understand the impact on jobs that technology is going-- is having and will continue to have, then you're going to run into some severe roadblocks. you sound like a candidate. you know, it's-- i'm a concerned american citizen.
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so am i, but i'm not a candidate, you sound like one. i have lots of time to focus on trying to understand issues, and so, you know, i wouldn't run unless i have solutions. if i have solutions, then i have something to offer. if i don't, you won't see me anywhere near being a politician. i like you a lot, but that was bs. because-- well, it was bs because you have basically-- your whole life has been about solutions. - yeah. - and this is no different, so it seems to me that you're not just throwing your hands up in the air. you have an idea on how things should be. - well, 'cause i'm concerned. i'm concerned, yeah. - well, i understand that. but if you have ideas on what the solutions are, then you've crossed that line and you're going to run. - no, not necessarily, right? - why? because health care, to give you a perfect example. i think i have something that could be repeal and replace and serve-- and deal-- and cover 100% of the people that otherwise have to buy individual insur-- - you're making my point. - but i don't have to run in order to introduce it. you just said that if you come up with solutions, then you would--
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but i think-- i said i think. i don't think-- i didn't say i have yet, right, because there's still a lot of work to be done. for chronic illnesses and serious and life-threatening illnesses, that should be-- that's a risk that should be shared by all of us and, you know, that should be a right for coverage. scale of one to ten, ten being you're running, where are you right now? - four. - no. - four, yeah. - if your wife says yes, where are you? - five. - ( laughter ) one of the owners-- old school owners who's no longer-- no longer owns the team, he was like, "you need to just sit the f down and shut the f up 'cause you've never done anything in this league." and i'm like, "damn." i'm like, "i appreciate, you know, but this is how i'm gonna do it." and i'm like, "damn." i'm like, "i appreciate, you know, whether it's connecting one of or bringing wifi to 65,000 fans. campuses. businesses count on communication, and communication counts on centurylink.
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i have a feeling that has some significance. yeah, that has not moved from the back of this chair since january of 2000. when i bought the mavericks, that was the jersey they presented to me as a congratulations for buying the team. - why did you buy a team? - 'cause i could. i was a huge basketball fan. i was a mavericks season ticket holder. it was the opening night of the '99/2000 season. my then-girlfriend, now-wife and i went to the game. it's the first game. we're undefeated. and i'm looking around and there's just no energy. i'm like, "i can do better than this." and it was like, "hello," right? "i'm about to come into some real money, and i should put my money where my mouth is." at that point in time, we were voted the worst professional sports team of the '90s. so you paid 285 million. 285 million, which at that time was the highest price ever paid for a professional sports franchise. not just nba, but nba, nfl, major league baseball. everybody thought i was a moron. well, i think you said you overpaid by $100 million. oh, i did? okay. ( laughing )
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it didn't matter. it really didn't matter to me at the time. it was just-- it was just one of the most amazing experiences-- opportunities that i could take. so what's the game plan? so they're a terrible team. - their morale was not great. - no. - so what do you do? - i walk in there and i said to the back office and i said to the guys, i'm like, "we're gonna win," right? "we're gonna focus on winning." i'm gonna give you every ounce of energy that i possess to turn this team into a winning team. the ownership beforehand was-- you know, they focused on money. they focused on keeping costs as low as possible. i'm like, "those days are gone. we're gonna stay in nice hotels that have room service, right, so you don't have to walk to 7-eleven." - harvey: the players? - mark: yeah, that's what i'm telling the players. but i said, "look, if you don't bust your ass, i'm gonna trade you." instead of me sitting up in the suites like everybody else, - i sat right there with the players. - harvey: why? i'm like, okay, in every one of my companies, if there's a managers' meeting, i'm sitting in the managers' meeting. if there's a sales meeting,
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i'm sitting with the sales people. if there's a customer meeting, i'm sitting with the customers. i can't hear what's going on or learn anything if i'm sitting up in the box. i'm gonna sit right there. i want to know what everybody's doing. i'm like, "i'm gonna sit on the floor by the benches so i can talk to these guys and see what they do during the game." next day i get a call, "we're fining you $100,000." i'm like, "what?" like, "conduct unbecoming an owner." i'm like, "an owner of a business is supposed to connect and get to learn more about their employees so they can help them succeed." - did you have to pay it? - yeah, i had to pay it. the amount of abuse i got was incredible. i mean, other owners, i mean, there was one of the owners, old school owners who's no longer-- no longer owns the team, he was like, "you need to just sit the f down and shut the f up 'cause you've never done anything in this league." and i'm like, "damn." ( laughing ) i'm like, "i appreciate, you know, but this is how i'm gonna do it." but we started winning, you know? and so all of a sudden, we went from the laughingstock to, okay, we almost got to 500 the first year, my half season.
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the next year we won 50-something games. then we won 60 games and went to the conference finals. by 2006, we went to the finals and lost. - in 2011, we won the championship. - harvey: why do you think-- why do you think that happened? the turnaround? i think if you put people who want to work hard and have talent and you put them in a position to succeed and give them the resources they need, then great things can happen. you have a reputation for screaming at refs. yeah, i do. a lot. announcer: check this out, mark cuban and one of the officials getting into it here. mark: you know, everybody's got-- is wired certain ways. that's just how i'm wired. it just-- you know, it's cost me a lot of money, but it is what it is. you once said that there was an official that wasn't competent enough to work at a dairy queen. yeah. yeah, no, it wasn't an official. it was the manager at ru-- the head of officials who i said wasn't competent enough to work at a dairy queen. you got fined for that, a lot of money. - yeah, half a million dollars. - half a million bucks. - yeah. - was that a smart move? yeah, it was fun. ( laughing )
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you know, at that point, where they were fining me for everything, i wasn't gonna back down. i was on a mission to change the league for what i thought was the better. i think i've gotten fined $2 point something million. so it's the cost of doing business. it's the cost of doing business. you kinda rubbed it in his nose by working at a dairy queen for a day, right? mark: yeah, and i had fun doing it. it was crazy. i learned so much, though, you know? is that-- other than a 9-1-7 to do a curly q on the cone. ( laughing ) seriously. 9-1-7. that's a-- i could never get it right. announcer: terry gets it. and the heat will not bow. joe marion dribbles it out. and the celebration will begin. the dallas mavericks are nba champions. the first title in franchise history. this was the mavericks' first title. of course, none of this would be possible if it hadn't been for the shy and retiring owner of the dallas mavericks, mark cuban. ( applause ) you offered president obama a 10% ownership in the team.
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yeah, i mean, if he can come up with $300 million, i'd be more than happy to sell him 10%. why would you overcharge a former president? i'm undercharging him. i'm giving him a bargain. ( laughing ) uh, really? well, my understanding is the team is now worth about 1.4 billion. - oh, no, it's worth a lot more than that. - what do you think? - easily $3 billion. - $3 billion? - uh-huh. - maybe my favorite thing you've ever said is that apple may become the first company valued at $1 trillion, but no one ever threw a parade in cupertino. the mavericks win a championship, any major sports team wins a championship, and there's a parade with half a million to a million people. there's no other business where-- i mean, i get emails every single day, "my son or my daughter is having this horrific experience and they're a huge fan of the mavericks. can you send them a signed picture or can you get something from dirk or," you know, just tragic-- i mean, i can't tell you how many times, you know, "my son or my daughter died and, you know,
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can we get a jersey to bury them in?" you don't get that in other companies. you just don't. you know, there's just-- it's just a connection that you can't get anywhere else. and there's a reason i keep the larry brown trophy right there 'cause it reminds me-- it needs to be polished, but, you know, i still, like, when i watch the last 30 seconds of the-- when the mavericks won, it still makes me emotional. i mean, there's just nothing like it. and that's not about money. harvey: if that happens next season, if you win again, will you go to the white house? oh, yeah. yeah. i don't have a problem going to the white house. my players, if they do, it's up to them. you gonna give trump a piece of your mind if you win the next championship? oh, i have no problem doing it. ( laughing ) i'm not gonna be shy. whether or not he'll listen is another story. "shark tank" is kind of the american dream for business, isn't it? no question. that's why i do the show. harvey: well, there are people you've torn apart because they haven't thought it through. worst presentation ever. i'm out.
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call your cpa, who can be required to testify against you. or, call the tax law firm of moskowitz, llp. i went from being a cpa to a tax attorney because our clients needed more. call us, and let us put our 30 years of tax experience to work for you. - so tell me about this. - so i invested in a company called 2400 prep expert-- - on "shark tank"? - on "shark tank," guy named shaan patel. and he sells act and sat prep classes to people from around the world.
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- right. i remember him. - he's killing it. like he went from, i don't know, 25, $50,000 in revenue to literally we've had months where he's made $250,000 in profits. this kid is a rocket scientist. he's got his mba and he's got his medical degree. what else can we do? and so we started talking about writing a book. and how i like to try to get kids excited about starting companies and so does he. harvey: "how any kid can start a business." that sounds like you. mark: exactly right. and so we took a lot of my experiences and his experiences and we tried to make it very experiential. what is a entrepreneur? you know, what do you want to be when you grow up? the goal? it's interesting. "shark tank" is kind of the american dream - for business, isn't it? - no question. that's why i do the show. it tells, you know, 20 million people an episode that the american dream is alive and well. doesn't matter if you're from iowa, idaho, indiana, california, new york, doesn't matter, right. there are people that walk onto that carpet
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that this is their last shot. they put everything that they have into their companies. and we give them a chance to make it bigger. some that are successful companies and we get-- we can help them become even bigger. there are people you've torn apart because they haven't thought it through. you are so full of ( bleep ). there's no chance on god's green earth that this deal could ever possibly close. ha-ha! ( grunts ) no. worst presentation ever. i'm out. the people i'll tear apart are people who try to scam us, are people who don't respect what other entrepreneurs go through. you know, they'll try to cheat the system. critics have said that that crosses the line into jerk territory when you get so angry at them. that doesn't seem like you, 'cause you're not. is part of this performance? no, no, no, no. 'cause we're concentrating so hard. we get in there and we're shooting 12 hours a day, and they just bring in deal after deal after deal, and so we're constan-- i don't-- i'm not smart enough to be able to say,
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"okay, let me act this way or act that way." it's-- - it's you? - it's me, right? it's me trying-- if i'm not honest with them and they walk out not having learned something, then i didn't help them at all, right? and that's-- that's part of what i try to do. harvey: have you made money off of this? you've made a lot of investments. mark: cash-wise, no. i think i'm in $20 million. i haven't made $20 million in cash back. but if i marked to market, if i said, "okay, here's the value of this company now," then yes, i'm up. you have been in the public eye for decades now. but this show really made you a celebrity. mark: without question. yeah, i mean-- - harvey: you like it? - mark: yeah, yeah, i do. - harvey: why? - mark: because it creates opportunities. i get access to people and ideas and businesses and experiences that i never otherwise would have gotten. it's interesting because you live in dallas. you're not living in l.a. you're not living in new york. you like being a celebrity, though. yeah, but 'cause i get to pick and choose when i use it to my advantage. and i get to raise my family, you know, relatively normally. - you keep them away from that. - yeah, as much as possible.
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now, they're hambones in their own right, so, you know, i'll do a show like "girl meets world" on disney, and they'll be extras, so they like doing that kind of stuff. - what do you want to do? - i want to change halloween to malaria day. i have two amazing, smiley, happy kids right here. you are not taking halloween away from them. what do you like about being a celebrity? um, not having to wait for tables. - um, being able-- - boy, that's honest. you know, getting phone calls from people i admire or being invited to dinner by people i admire. being inspired by people that will take my call. do you think people who struggle in life have a better shot at doing something like this because they're hungrier than somebody who was rich? oh, yeah. oh, yeah. without question. daymond calls it the power of broke, and i agree with it. you know, when i was broke living in dallas, i could take chances. you know, my car with the hole in the floorboard, losing that. i mean, sleeping on the floor, how much lower could i go? and so it was like i had no place to go but up. and i think once you've felt that pain,
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once you know what it's like to not know if your credit card's gonna get ripped up, not know, you know, if you're gonna pay the rent, that impacts you. i mean, that-- that drives you. because you don't want to go back there. if you're comfortable, you know, you might say, "you know what? if i don't do this, if i don't put in the hours, i'll still be okay." and i think that makes a big difference. harvey: speaking of your kids, their dad owns the mavericks. - yeah, i know. - their dad's a celebrity on television. - i know, i know. - so, i'm not trying to scare you, but they don't feel the pain you felt. no, and i know. and especially with my oldest daughter. it-- it's a battle.
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okay, i know what it is, but why? so we have this thing after dinners that we call "daddy treats," right, where i make crazy type ice cream and snacks or whatever. and so then, rather than just putting it right on the treat, i'll get them to come up like little birds... - ( laughing ) - and they'll come back and back and back and back. and it's fun, right? and so it's just silly and, you know. - oh, my gosh. - my wife doesn't quite like it, but we always have fun. so it's kinda like our little family tradition. speaking of your kids, it's interesting to me that we're talking about rules of success.
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they didn't-- they're not growing up the way you grew up. - no, no. and it scares me. - does that worry you? oh, are you kidding me? it terrifies me. you know, it's hard enough to have a 14-year-old daughter, right? especially one who looks like she's, like, 20 and thinks she's 25. it's a battle. it's a non-stop battle to try to convey to them that i'm not just giving you all this. you gotta earn it. i'm not giving you money. i'm not a dad who just brings you presents. i don't just give you money or give you a credit card. if you want something, you've gotta earn it. and that's a constant theme and it's a constant battle. - but they have a safety net. - yeah, of course. i mean, you're not gonna let 'em fall. you're not gonna let 'em fall that hard. no. ( laughing ) but they don't know that yet. mark, this is a 24,000 square foot house. - mark: yeah, you know. - harvey: and their dad owns the mavericks. - yeah, i know. - their dad's a celebrity on television. - i know, i know, i know. - they are extras on television shows now. i know, i know, i know, i know. it just scares the hell out of me. - so, i'm not trying to scare you... - oh, it still--
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but they don't feel the pain you felt. no, and i know. and especially with my oldest daughter. it-- it's a battle. my wife talked-- and i talk about it daily, how we're going to deal with this, how we send a message. devil's advocate. why? i mean, you've got enough money that they can live their lives in comfort. why? because i don't want them to have a sense of entitlement because who knows where things go from here? it's not like, oh, i'm going to lose it, but who knows what the world turns into? who knows where we go, right? and if you don't have the ability to be responsible for yourself, if you don't have the ability to think through issues and come to your own decisions on a thoughtful basis, i'm not gonna be able to watch you forever. the money is a safety net, but that's not the most valuable skill that you can have going out into the real world, you know. being smart, you know, having a willingness to learn, you know, having some common sense, being able to deal with hardships, those are skills that they're gonna need
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that-- even if they're rich, right, even if i gave them everything, no questions asked, if they don't have those skills, i think they're more at risk than if they were poor. let's talk more broadly about rules for success beyond your kids. - okay. - what do you impart to people who look at you, look at what you've been through going from very little-- in fact, at times nothing, in fact, sometimes, minus nothing-- to where you are today? what are the, you know, three rules that you can give people kind of as a roadmap? there are no shortcuts. people think, "oh, i have-- if i get a mentor--" there are no shortcuts, period. two, the one thing in life you can control is effort, right? most people don't put in the work. they think, "well, i'm working hard enough." you're not, right? and three, defining success. success doesn't have to be about money, right? to me, success is waking up in the morning with a smile on your face knowing it's going to be a great day, right? you're looking forward to your day. i felt that way when i was bust-ass poor, right?
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i might have been broke, but i was gonna have fun. i was gonna enjoy my day, and i was doing something that i liked to do. i might be working in a job i hated, but i was finding things i liked to do, and i think, you know, if you can do those things, then you're gonna be okay. how important is fear in success? to me, it was critical. it was very important. i was, you know, you've gotta be self-aware. you've gotta recognize that there's a good chance this isn't going to work, and use that for motivation, and i do it all the time, and i always tell people there's a 12-year-old little girl or little boy somewhere in this country that has a better idea or is ready to kick my ass. and if i don't put in the time, if i don't put in the effort, they're gonna do it, you know? and take over what you already have. it's not so much take over, right? put aside the games we've already played, right? it's not so much what i've already done. that's done. it's-- i'm not done yet. i won't take awards 'cause i'm not done yet, right? i'm not-- i'm not finished.
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i've got bigger, better things to do and, i mean, i'm-- i just-- every day, i'm just getting started. - mark, i cannot thank you enough. - harvey, this was great. - thank you so much. - i really enjoyed this, harvey. . steve: everything is changing around me. old political divisions are shifting. technology torn down barriers, and across the globe, power turning to the people. from outside the beltway, you get a different perspective. the age of elitism coming to an end. i've seen it upclose. from inside government, while running campaigns, and starting my own business. people are looking for a new brand of change, and the place with positive populism is here. the
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