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Mark Cuban says he’s leaving “Shark Tank” after one more season
Dallas Mavericks owner and entrepreneur Mark Cuban revealed he is planning to leave “Shark Tank” after filming one more season of the show.
Since 2011, Cuban has appeared on ABC’s “Shark Tank” as a permanent investor, or “shark,” hearing pitches from small business owners to invest in their companies.
“This is our 15th year. Next year, 16th year, is going to be my last year,” Cuban said last week on Showtime Basketball’s “All The Smoke” podcast, hosted by former NBA players Stephen Jackson and Matt Barnes. “So one more year to go. It’s time.”
This comes as Cuban is also in the process of selling a majority stake in the Mavericks to casino magnate Miriam Adelson, according to a report in The Dallas Morning News Tuesday. Under the terms of the deal, Cuban would still maintain full control of the team’s basketball operations. It’s unclear if that move played any role in his decision to depart “Shark Tank.”
During his time on the show, Cuban said he has invested in hundreds of companies, including BeatBox Beverages and DudeWipes — two companies he said are performing well.
The 65-year-old billionaire said he loves that the show is able to help regular people kickstart their business ventures, inspire viewers and remind its audience that the “American dream is alive and well.”
“In doing ‘Shark Tank’ all these years, we’ve trained a generation of entrepreneurs, multiple generations of entrepreneurs, that if somebody can come from Iowa or Sacramento or wherever, and show up on the carpet on ‘Shark Tank,’ and show their business and get a deal, that’s going to inspire generations of kids, right?” Cuban said on the podcast.
The entrepreneur said his “Shark Tank” investments have, for the most part, been successful. However, he said they are currently “down a little bit” on a cash basis, but “way up” on a mark-to-market basis, which measures the current fair value of a company.
Cuban stars on “Shark Tank” alongside Robert Herjavec, Kevin O’Leary, Barbara Corcoran, Daymond John and Lori Greiner.
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Former New York Gov. David Paterson, stepson attacked while walking in New York City
NEW YORK — Former New York Gov. David Paterson and his stepson were attacked in New York City on Friday night, authorities said.
The incident occurred just before 9 p.m. on Second Avenue near East 96th Street on the Upper East Side, according to the New York City Police Department.
Police said officers were sent to the scene after an assault was reported. When officers arrived, police say they found a 20-year-old man suffering from facial injuries and a 70-year-old man who had head pain. Both victims were taken to a local hospital in stable condition.
In a statement, a spokesperson for the former governor said the two were attacked while “taking a walk around the block near their home by some individuals that had a previous interaction with his stepson.”
The spokesperson said that they were injured “but were able to fight off their attackers.”
Both were taken to Cornell Hospital “as a precaution,” he added.
Police said no arrests have been made and the investigation is ongoing.
The 70-year-old Paterson, a Democrat, served as governor from 2008 to 2010, stepping into the post after the resignation of Eliot Spitzer following his prostitution scandal. He made history at the time as the state’s first-ever Black and legally blind governor.