Mark Cuban has seen lots of concepts all through his time on Shark Tank — and the success of certainly one of his investments took him without warning.
“Beatbox drinks,” Cuban, 65, completely advised Us Weekly on Thursday, September 28, forward of the season 15 premiere of Shark Tank. “So Beatbox drinks is form of a wine cooler and now a spritzer as effectively. And [the founders] got here on only a bunch of partying guys and one woman out of Austin. And I’m like, ‘OK, it’ll be enjoyable.’”
On season 6 of the ABC collection, which aired in 2015, Cuban was intrigued by the trio’s proposal and noticed potential of their concept.
“I gave them 1,000,000 {dollars} for a 3rd of the corporate and now they’re price over $200 million. They’ll do, hopefully, 100 million {dollars} in gross sales this 12 months. And so they’re simply killing it,” he mirrored. “They’re taking up the spritzer class. I imply school youngsters all over the place simply stay on beatbox drinks. So it’s been wonderful.”
Whereas Cuban discovered success with Beatbox Drinks and different corporations, there are some that slipped out of the investor’s fingers, together with Spike Ball.
“I see my youngsters play [Spike Ball.] We have now it within the storage and each time I see it within the storage it’s like, oh my goodness. As a result of [the founders] needed me to be the chairman. No, the commissioner of a spike ball league,” he recalled to Us. “And I’m like, ‘I personal an NBA staff so the very last thing I wish to do is be commissioner of a spike ball league,’ however they had been proper. I used to be flawed.”
Mark Cuban. Dimitrios Kambouris/Getty Photographs for AT&
Cuban joined Shark Tank in 2011 as a visitor shark in season 2 and by no means in his “wildest desires” did he assume the present would proceed for 15 years. He had watched the present earlier than signing on and was unimpressed with how the unique sharks Daymond John, Barbara Corcoran, Robert Herjavec, Kevin O’Leary and Kevin Harrington performed enterprise.
“I had seen the present and I’m like, ‘They suck. I might come on and do a significantly better job,’” he quipped to Us. “And so once they had me come on first because the visitor shark … I obtained there and I’m like, ‘OK, I’m simply going to tear them up. I’m simply going to lift hell.’ After which I’ve been there ever since.”
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Whereas Cuban and the opposite sharks can get ruthless within the boardroom, the Dallas Mavericks proprietor has a mushy spot for the bussing enterprise individuals they encounter on the collection.
“The concept we’re encouraging and educating entrepreneurs … to begin an organization and giving them that little push. That’s wonderful,” he shared with Us. “And seeing individuals come on now and pitching us that watch the present once they had been youngsters makes us really feel previous, however on the identical time, it’s nice to see.”
Season 15 of Shark Tank premieres on ABC on Friday, September 29, at 8:00 PM ET.
