Just after 13 seasons on ABC’s “Shark Tank,” Mark Cuban estimates that he’s experienced about as lots of hits as misses.
Some of his on-monitor promotions have labored out good, he claims. Some others, not so significantly. These is the chance of investing. But even when it will come to the ones that at some point still left him scratching his possess head, Cuban tells CNBC Make It that he has “no regrets.”
By Cuban’s own estimation, about just one in four of his “Shark Tank” specials “have accomplished definitely nicely or crushed it,” he explained to a community Denver ABC affiliate on Friday. “Fifty percent … have been very good and carry on to go on, and 25% where I just believe to myself: ‘What the hell was I thinking?'”
A person notable instance: Cuban has highlighted the Breathometer, billed as “the world’s 1st smartphone breathalyzer,” as his worst “Shark Tank” financial investment to day. Cuban said he dropped about $500,000 on the offer, immediately after investing in the enterprise in 2013.
“That was my most significant beating,” Cuban advised CNBC Make It in July.
In complete, the billionaire investor has struck additional than 200 on-screen specials really worth a lot more than $61 million in his time on the exhibit, according to a new on line estimate. On Monday, Cuban informed Forbes that the actual-lifestyle determine is nearer to $29 million: Not all of the promotions depicted on the show make it all the way to closing.
Cuban suggests his “Shark Tank” offers aren’t always entirely about bringing in major financial returns. “I am superior with that with my ‘Shark Tank’ corporations,” Cuban wrote on Twitter in July. “I really don’t do the demonstrate to get the best investments. And I do not normally devote simply because I consider I’ll make revenue. Occasionally my specials are purely to assist another person or send a message.”
Which is why he would not appear to head not however staying in the black when it comes to his complete investments on the demonstrate. In July, Cuban told the “Comprehensive Mail” podcast that he is taken a net reduction on all of his “Shark Tank” investments so much. He afterwards clarified that he meant “on a hard cash foundation,” only accounting for the investments he is now exited.
“I have not gotten out far more than I have put in. But that doesn’t account for all the ongoing, operating corporations and their valuations,” Cuban instructed CNBC Make It at the time.
Deals that flop are an inevitability of investing, in accordance to fellow “Shark Tank” star Kevin O’Leary. “You make 10 investments, you get two to three big hits. And it pays for the other seven [failed investments],” O’Leary instructed CNBC Make It last month.
Continue to, Cuban states he is starting to believe about when he should action absent from “Shark Tank” to emphasis on his own ventures, together with the new on the net pharmacy Charge In addition Medicine.
“Part of me needs to stop,” Cuban advised Forbes on Monday.
The trader failed to offer any timeline for when he might depart the well-liked system, but claimed the demonstrate could likely temperature his exit: “They will survive fine without the need of me.”
Disclosure: CNBC owns the exceptional off-community cable legal rights to “Shark Tank.”
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