It is said necessity is the mother of invention—and as the economy has taken a severe downturn over the last two months, Mark Cuban sees a lot of opportunity and innovation ahead.
“So there will be a lot of change; there will be a lot of uncertainty. But out of that uncertainty will come new great businesses,” Cuban told Fox News Sunday recently. “I have no doubt in my mind that in 5 years or 10 years we’ll look back and there will be 25 or 50 companies that started out of the pandemic of 2020 that are just amazing and world-changing.”
Whether Cuban is right remains to be seen but his views can be backed up from recent history. After the 2008 financial crisis, numerous startups emerged in a brand new category, fin-tech, creating household names like Square, SoFi, Nerdwallet and many more.
Cuban is one of America’s most visible and well known entrepreneurs. He can often be seen courtside at Dallas Mavericks games, the team he has owned for the last 20 years. He invests in myriad businesses mentoring entrepreneurs and also has a highly visible platform as a Shark on ABC’s hit Shark Tank.
“It doesn’t matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success,” he is fond of saying.
Mark Cuban will join the Club for an exclusive conversation about entrepreneurship, the economic recovery and his presidential ambitions. Join us for this fantastic program on Zoom.
REGISTRATION CLOSES AT 5:00PM WEDNESDAY, APRIL 22ND
Please note that no refunds will be issued.
Since the age of 12, Mark has been a natural businessman. Selling garbage bags door to door, the seed was planted early on for what would eventually become long-term success. After graduating from Indiana University – where he briefly owned the most popular bar in town – Mark moved to Dallas. After a dispute with an employer who wanted him to clean instead of closing an important sale, Mark created MicroSolutions, a computer consulting service. He went on to later sell MicroSolutions in 1990 to CompuServe.
In 1995, Mark and long-time friend Todd Wagner came up with an internet based solution to not being able to listen to Hoosiers Basketball games out in Texas. That solution was Broadcast.com – streaming audio over the Internet. In just four short years, Broadcast.com (then Audionet) would be sold to Yahoo for $5.6 billion.
Since his acquisition of the Dallas Mavericks in 2000, he has overseen the Mavs competing in the NBA Finals for the first time in franchise history in 2006 – and becoming NBA World Champions in 2011. They are currently listed as one of Forbes’ most valuable franchises in sports.
In addition to the Mavs, Mark is one of ABC’s “Sharks” on the hit show Shark Tank and an investor in an ever-growing portfolio of businesses.
Partner, Vici Partners
Lance Stuart is a partner at Vici Partners. He has over 30 years of consulting and operating experience, principally in the U.S., Japan and China. Clients span industries from cosmetics and consumer electronics to software, chemicals, insurance, airlines and telecoms. He has been an investor, co-founder, CEO, COO and board member of several companies in the U.S. and Asia. He began his career as a management consultant with McKinsey & Company in New York then transferred to Tokyo.
Lance earned a B.S. in economics and marketing, cum laude, from Boston College and an MBA from Harvard Business School (’78), where he was awarded two academic scholarships. He was raised in Tokyo and is an active volunteer in several non-profit organizations including the Harvard Business School Club of NY, the Harvard Business School Association of Orange County and as a Council Member on the U.S.-Japan Council.
(Information to be sent to Registrants)