After 13 seasons on ABC’s “Shark Tank,” Mark Cuban estimates that he is had about as many hits as misses.
A few of his on-screen offers have labored out nice, he says. Others, now not such a lot. Such is the chance of making an investment. However even in the case of those that finally left him scratching his personal head, Cuban tells CNBC Make It that he has “no regrets.”
Via Cuban’s personal estimation, kind of one in 4 of his “Shark Tank” offers “have executed in reality smartly or beaten it,” he instructed an area Denver ABC associate on Friday. “Fifty p.c … had been excellent and proceed to move on, and 25% the place I simply assume to myself: ‘What the hell used to be I pondering?'”
One notable instance: Cuban has highlighted the Breathometer, billed as “the sector’s first smartphone breathalyzer,” as his worst “Shark Tank” funding so far. Cuban stated he misplaced kind of $500,000 at the deal, after making an investment within the trade in 2013.
“That used to be my largest beating,” Cuban instructed CNBC Make It in July.
In general, the billionaire investor has struck greater than 200 on-screen offers price greater than $61 million in his time at the display, in step with a contemporary on-line estimate. On Monday, Cuban instructed Forbes that the real-life determine is nearer to $29 million: Now not all the offers depicted at the display make it the entire option to final.
Cuban says his “Shark Tank” offers don’t seem to be all the time only about bringing in large monetary returns. “I am excellent with that with my ‘Shark Tank’ firms,” Cuban wrote on Twitter in July. “I do not do the display to get the most efficient investments. And I do not all the time make investments as a result of I feel I’m going to make cash. Occasionally my offers are purely to assist anyone or ship a message.”
That is why he does not appear to thoughts now not but being within the black in the case of his general investments at the display. In July, Cuban instructed the “Complete Ship” podcast that he is taken a internet loss on all of his “Shark Tank” investments up to now. He later clarified that he supposed “on a money foundation,” best accounting for the investments he is already exited.
“I have not gotten out greater than I’ve installed. However that does not account for the entire ongoing, running companies and their valuations,” Cuban instructed CNBC Make It on the time.
Offers that flop are an inevitability of making an investment, in step with fellow “Shark Tank” superstar Kevin O’Leary. “You’re making 10 investments, you get two to 3 massive hits. And it can pay for the opposite seven [failed investments],” O’Leary instructed CNBC Make It remaining month.
Nonetheless, Cuban says he is starting to consider when he will have to step clear of “Shark Tank” to concentrate on his personal ventures, together with the brand new on-line pharmacy Value Plus Medicine.
“A part of me desires to surrender,” Cuban instructed Forbes on Monday.
The investor did not be offering any timeline for when he would possibly leave the preferred program, however stated the display may just most probably climate his go out: “They are going to continue to exist superb with out me.”
Disclosure: CNBC owns the unique off-network cable rights to “Shark Tank.”
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