A Cutting-Edge Career: Cuban Makes It Big
A Cutting-Edge Career: Cuban Makes It Big
Cuban was 32 years old and a millionaire. He decided to take an early retirement, but it wouldn’t be long before his entrepreneurial instincts kicked in and brought him back into the game. In 1995, together with college buddy Todd Wagner, Cuban created a company called Audionet. Sorely missing the games of their college basketball team, Cuban and Wagner created Audionet, which used new streaming technology to broadcast sports games over the Internet. In 1998, Audionet became Broadcast.com and the company went public. At the time, it had the largest single-day gain in the history of the stock market. With over 330 employees and annual revenues in the neighbourhood of $100 million, Cuban sold the company to Yahoo! for $5.7 billion in stock.
“The original startup capital was just, you know, $4,000 for a computer and an ISDN line and a lot of time, a lot of sweat equity,” Cuban recalls. “From a $3,995 Packard Bell computer in the second bedroom of my house to $5.7 billion in stock in five years.” Now a billionaire, Cuban could have slipped comfortably back into early retirement. Instead, he chose to pursue his love of basketball.
In 2000, Cuban purchased the Dallas Mavericks for $285 million and immediately set out to revive the team. With his courtside presence at every game and his outspoken and passionate nature, Cuban quickly became a fan favourite. But, both his on and off court antics have cost him over $1 million in fines from the NBA, more than anyone else in NBA history. Despite his behavior, the Mavericks have undoubtedly improved under his ownership and have reached the playoffs each season since Cuban came on board.
Aside from sports, Cuban’s time is also spent working on 2929 Entertainment, a company he created once again with Wagner, which focuses on the production and distribution of films. They purchased Landmark Theatres, a chain of 58 theatres across the nation as well HDNet, the first high-definition satellite television network. Cuban has also starred in his own reality TV show, The Benefactor, he hosts his own weekly radio talk show on Sirius Satellite Radio and is the owner of IceRocket, a blog search engine. He also maintains a popular personal blog, called Blog Maverick, on which Cuban vents about everything from sports to politics to business.
Cuban is the ultimate maverick entrepreneur who has managed to turn his passions into profitable business ventures and to do it on his own terms.
A CuttingEdge Career Cuban Makes It Big
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After being fired from Your Business Software, Cuban convinced some of its other employees to leave the company and join him in his latest venture, MicroSolutions. It was to be a system integrator and reseller for various IT companies, including IBM and Apple. In just eight years, the company had sold over 500 networks that ranged in size from two to over 1,000 users. By investing in cutting-edge technology and providing outstanding customer service, MicroSolutions had become a major player in the promising new IT industry – so major, that in 1990, Cuban sold the company to CompuServe, Inc. for $6 million.
Cuban was 32 years old and a millionaire. He decided to take an early retirement, but it wouldn’t be long before his entrepreneurial instincts kicked in and brought him back into the game. In 1995, together with college buddy Todd Wagner, Cuban created a company called Audionet. Sorely missing the games of their college basketball team, Cuban and Wagner created Audionet, which used new streaming technology to broadcast sports games over the Internet. In 1998, Audionet became Broadcast.com and the company went public. At the time, it had the largest single-day gain in the history of the stock market. With over 330 employees and annual revenues in the neighbourhood of $100 million, Cuban sold the company to Yahoo! for $5.7 billion in stock.
“The original startup capital was just, you know, $4,000 for a computer and an ISDN line and a lot of time, a lot of sweat equity,” Cuban recalls. “From a $3,995 Packard Bell computer in the second bedroom of my house to $5.7 billion in stock in five years.” Now a billionaire, Cuban could have slipped comfortably back into early retirement. Instead, he chose to pursue his love of basketball.
In 2000, Cuban purchased the Dallas Mavericks for $285 million and immediately set out to revive the team. With his courtside presence at every game and his outspoken and passionate nature, Cuban quickly became a fan favourite. But, both his on and off court antics have cost him over $1 million in fines from the NBA, more than anyone else in NBA history. Despite his behavior, the Mavericks have undoubtedly improved under his ownership and have reached the playoffs each season since Cuban came on board.
Aside from sports, Cuban’s time is also spent working on 2929 Entertainment, a company he created once again with Wagner, which focuses on the production and distribution of films. They purchased Landmark Theatres, a chain of 58 theatres across the nation as well HDNet, the first high-definition satellite television network. Cuban has also starred in his own reality TV show, The Benefactor, he hosts his own weekly radio talk show on Sirius Satellite Radio and is the owner of IceRocket, a blog search engine. He also maintains a popular personal blog, called Blog Maverick, on which Cuban vents about everything from sports to politics to business.
Cuban is the ultimate maverick entrepreneur who has managed to turn his passions into profitable business ventures and to do it on his own terms.
A CuttingEdge Career Cuban Makes It Big
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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