How I became a billionaire sports broadcaster

Mark CubanMark Cuban famously said ‘I’m going to the BBC — the Billionaire Boys Club’ and during the Dot-Com boom in 1999 he sold his sports streaming web service Broadcast.com to Yahoo! for $5.7 billion in stock options, having previously floated the business the year beforehand, with the stock closing on its first day up at $62.75 per share from its initial trading at $18 per share.

Some would describe him as a maverick, but Mark is actually a ‘disruptor’, taking on industries that has always done things the same way and tackling them in a completely different way that shakes the whole place up and earns him a lot of money.

Profile

  • 1958 – Born in Pittsburgh, Pennsylvania
  • Age 12 – Began selling garbage bags door-to-door
  • College years – Whilst attending Indiana University, he gathered together investors to set up what became the most popular bar in town
  • Post college – After graduating, Mark moved to Dallas and following a brief period of employment, he left to set up MicroSolutions, a computer consulting service
  • 1990 – Sold MicroSolutions to CompuServe for approximately $6 million
  • 1995 – Started Audionet, an internet-based solution for streaming sports and other live broadcasts
  • 1998 – Audionet became Broadcast.com
  • 1999 – Broadcast.com was sold to Yahoo! for $5.6 billion in Yahoo! stock and he bought himself a Gulfstream private jet
  • 2000 – Acquired the Dallas Mavericks, taking them to the NBA Finals in 2006 and finally becoming the NBA World Champions in 2011
  • 2000 onwards – In addition to the Dallas Mavericks, Mark has created or invested in numerous digital technology and media entities, including: 2929 Entertainment, Landmark Theatres, IceRocket, Weblogs Inc and Magnolia Pictures, to name but a few

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25 minute Bloomberg video profiling the entrepreneurial career of multi-billionaire Mark Cuban

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