Mark Cuban talks about tanking, replacing the Olympics & his “quick first step”
Men’s Health recently published a great interview with my favorite Shark and NBA Owner who talked about his successful business career, his not so successful acting career, ideas and future changes in the NBA and his new app, Cyber Dust, that every NBA player should be using.
This probably wont interest most of you all but the most interesting thing I learned from the interview is that not only did Yahoo.com screw up Broadband.com but they had the patent to Pay Per Click advertising and sold it for “next to nothing” to Google. Yahoo could have easily of been the kings of streaming video content and search engines if they wouldn’t have “freaked out after the stock market for tech companies collapsed.” I guess I can’t talk because I owned a few popular sports sites between 98-2000 that I just let die when the dot com bubble bursted.
On to the hoop stuff. Here’s a few excerpts from the interview.
Men’s Health: What kind of basketball player are you and how do you think it reflects your own personality?
Mark Cuban: At least before my hip replacement, I had a quick first step. I could get by you off the dribble. My business game is the same way. I can turn an idea into a business before you know it’s going to be important. My first step will blow by you.
MH: What does the media get most incorrect about you?
Mark Cuban: That who I am at a Mavs game is who I am the rest of the day. Mavs games are my release. I’m pretty intense, but mellow away from games.
MH: If you could be the commissioner of the NBA, what would you change?
Mark Cuban: I would start an international tournament that replaces our participation in the Olympics and FIBA events
MH: What do you think the NBA is doing right? What do you think it’s currently during wrong?
Mark Cuban: I think [commissioner Adam Silver] is on a roll. Lots of things I can’t talk about publicly, but he is very inclusive. He is open to ideas. So right now at least, I think we are doing pretty much everything right.
MH: You’ve said that the Mavs won’t tank because it exposes a market inefficiency. What’s this inefficiency specifically?
Mark Cuban: In all markets, people copy success. The NBA is no different than the stock market. If it worked for them, it will work for me. Right? I don’t think so. One of my favorite sayings came from Warren Buffett. He said, and it applies to the NBA and tanking and how we play the game as much as it applies to business: “First, there are the innovators, then there are the imitators, then there are the idiots.”
MH: With Cyber Dust [a messaging app that leaves no trace of the message, owned by Cuban], did you feel that our privacy was at risk with recent things such as the revelation that Facebook owns all your messages on its mobile messaging? Is it partially a response to deeper, unsettling trends about a lack of privacy rights?
Mark Cuban: I don’t think people realize the risks they face every time they create a text, or post on a social network. Unless you expressly make the effort, everything you do online, including texting, has a shelf life of forever. Everything we do contributes to our digital footprint. Where we shop. What we text. What we tweet, retweet, and favorite. What we like, share, and repost. All that goes into your digital footprint, which is available to everyone and anyone. If you are active online or texting, there is a good chance I could look at what you do and know more about you than your family. Know how to sell you things. Or if I didn’t like you, I could take any or all of what I found and invent a context that lost you your job, your relationships, your degree. People are so vulnerable online and they don’t realize it. That is scary to me.