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Mark Cuban is known for his remarkable business skills and his honest opinions when it comes to politics. Apart from this, he’s also quite outspoken about his dislike for Donald Trump, who won the 2024 Presidential Elections and is all set to take up official duties in January. Throughout the entire presidential campaign, Cuban strongly supported Democratic party nominee Kamala Harris.
But as she lost the elections, he deleted all of his pro-Harris tweets and took a political hiatus. While it’s recent news, in the past as well the businessman openly talked about why the US economy making people choose between paying rent and health care is very wrong.
Mark Cuban Calls Out the US Economy for Forcing Tough Choices on Residents
Mark CubanandDonald Trump’sfeud has been ongoing for several years now. While the duo crossed paths for the first time in the 1990s, Trump’s foray into politics was something that escalated tensions between them. So much so that in a past interview, Cuban detailed that during Trump’s 2016’s Presidential debate, he saw afamily member of Trump rollingtheir eyes at him.
While he didn’t name the family member, fan theories went wild with their speculations. Along with the president-elect, Cuban has also openly talked about the flaws in America’s healthcare system. In an interview viaFULL SEND PODCAST, he detailed why Americans shouldn’t have to choose between essential needs like food, rent, and healthcare.
He talked about the rising costs of healthcare in the US, particularly the high prices of medications. With frustration for the pharmaceutical industry, he added“In this day and age, to have to choose between your rent or your food or an emergency or your medication, that’s just wrong.”So, the venture capitalist wanted to focus more on lowering drug costs by eliminating middlemen and bringing a more transparent way for people to buy medicines.
“How long are you visiting Earth?”: Kevin O’Leary, Mark Cuban Had to Troll the Wildest Shark Tank Pitch for a Never-Ending Energy Generator That Produced Gold
In the same podcast, he also mentioned his venture CostPlusDrugs.com, and how in this he would offer both generic and branded drugs at a much lower cost. Cuban achieves this by buying directly from the manufacturer and posting the prices he pays, with a small markup to cover operating costs.
As a result of this, customers can now buy medications like insulin or chemotherapy drugs for a fraction of what they would typically pay.
Mark Cuban Details Why Diversification Is a Key Element for Safe Investing
Apart from beingthe richest venture capitalistonShark Tank,Mark Cuban is also the most beloved. So, much so that fans are already sad after he announced that season 16 would be his last on the show. The viewers would definitely miss his no-nonsense attitude and how he was not afraid to ask the tough questions.
InShark Tank, Cuban has invested in several companies, while some have earned him great revenues others have failed for the billionaire entrepreneur. On the same subject,during one podcasthe added that his total investment of approximately $20 million into 85 companies over 111 episodes has resulted in a net loss.
He shared“I’ve gotten beat”and detailed the risks that happen behind the scenes in angel investing. Investing in startups has always been a risky gamble, and Cuban’s example also shows that. According to research fromStartup Genome,about 90% of startups fail, and along with Cuban, many other investors also use the “power law” strategy.
Shark Tank Had 1 Pitch So Lucrative Even the Generally Vicious Kevin O’Leary Chose to Team up With Mark Cuban and Rest 3 Sharks for a Piece of the Equity Pie
This means that a few deals are expected to make big profits to cover the losses of the others. But this law might not work for everyone, especially those who do not have a lot of money like Mark Cuban. The venture capitalist also tackles these issues by using diversification and investing in different sectors from technology to entertainment.
You can watch all the seasons ofShark Tankon Peacock.
Sakshi Singh
Articles Published :1436
Sakshi Singh has written over 1,300 entertainment articles, mostly about Netflix shows and reality TV. She’s spent the last two years covering everything from surprise engagements to shocking eliminations and previously wrote for Essentially Sports in their Netflix Junkie division. A self-proclaimed reality TV addict, Sakshi has watched all 48 seasons of Survivor and never misses a new dating or competition series. She loves watching how strangers meet, fall in love, team up, or betray each other - it’s the mix of strategy and drama that keeps her hooked. When she’s not glued to a reality show, she’s usually watching a crime thriller or tracking the next big streaming hit.
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