Mark Cuban is best known as the billionaire owner of the Dallas Mavericks, but it turns out he has a number of diverse interests – and he’s ready to support them financially. A glance at the Mark Cuban Companies website shows the variety of companies he owns or has invested in, and the list is impressive in both volume and scale.
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Its investments include businesses owned by minorities or women and those started by entrepreneurs with ties to the military. Its portfolio is growing in the blockchain sector. Cuba’s interests in business include those that focus on health, fitness and good nutrition, as well as the environment.
The investments that Cuban has made through the TV show “Shark Tank”, where he and other business experts hear the arguments of entrepreneurs who need an injection of money for their startups, reflect the depth of billionaire interests. Read on to find out about 10 of the companies that Mark Cuban has bought from through âShark Tankâ – and some of the impressive financial gains so far.
Last updated: October 13, 2021
In 2014, Marl Cuban invested $ 500,000 for a 30% stake in Gameday Couture, which began manufacturing officially licensed womens college clothing. Co-owners Kurt and Shawnna Feddersen started the Oklahoma-based business to help women style while cheering on their favorite team. In 2018, Gameday Couture achieved an annual turnover of 12 million dollars. At the time of Cuban’s investment, Gameday Couture held licenses with more than 30 universities. Today, it holds over 200 NCAA licenses and is sold in over 2,500 stores nationwide.
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Nuts and more
A meeting between three friends in their 40s in 2010 in Providence, Rhode Island, led to the creation of Nuts’ N More, which began selling high-protein nut butter to hobbyists. fitness. An appearance on âShark Tankâ in 2013 earned the young company an investment of $ 75,000 from Cuban and fellow shark Robert Herjavec in exchange for 35% of the company. Today, the company offers more than 20 flavors and sells high-protein peanut and almond butter spreads, snacks and more. Prior to appearing on “Shark Tank,” the company had sales of around $ 100,000 per year. In 2018, sales reached approximately $ 6 million per year.
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Konel Banner had long recognized the need for fire-starting technology, and when he met the outdoors enthusiast Frank Weston who also had a background in firefighting, they teamed up to develop InstaFire. . They met in the morning for nine months in an abandoned, owl-infested warehouse to develop a safe, easy-to-use and reliable product that could be counted on in an emergency. Cuban partnered with fellow investor Lori Greiner to invest $ 300,000 in the company in return for a 30% stake in 2016. The company expanded its product offering, particularly those that promote compliance. the environment. On his website, Greiner said InstaFire had recorded $ 7.5 million in retail sales in the first three years since appearing on âShark Tankâ.
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Ms. Goldfarb’s Unreal Deli
Jenny Goldfarb grew up in a family that ran a Jewish deli business in New York City. Once she became a vegan, she decided that the staple of a corned beef sandwich could coexist with her lifestyle and created Ms. Goldfarb’s Unreal Deli in 2018, producing plant-based deli meats. Its products are kosher, animal free, cholesterol free, nitrate free, low in fat, low in carbohydrates and high in protein. In an episode of “Shark Tank” in 2019, Cuban gave Goldfarb $ 250,000 for a 20% stake in the company, and this is one of many investments he has made in companies based on Plant. The Cuban is vegetarian.
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Lani Lazzari was a young teenage girl seeking relief from her eczema. Despite numerous visits to the dermatologist, she had no solution for her sensitive skin until she began experimenting with her own concoctions in the home kitchen. In 2005, for the very first time, she was relieved and free from eczema thanks to her own recipes. She appeared on âShark Tankâ in 2013, and Cuban walked away with 33% of the company for her $ 100,000 investment. Sales of the Pittsburgh-based company fell from $ 44,000 to $ 6 million after the appearance of “Shark Tank.”
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In 2018, the first American generation Krystal Persaud decided to use her experience designing consumer electronics at a New York-based company to launch Grouphug and focus on sustainability. His creation: window solar panels that connect to charge cell phones and other devices. âAs the sun hits your solar panel during the day, all that energy is stored in an internal battery, which means you can charge your favorite devices day or night,â she said in an episode of 2020 of “Shark Tank”. Sold on the promise of the concept, Cuban gave him $ 150,000 for a 25% stake in the company.
There is currently a waiting list for the $ 149 solar charger.
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Spurred on by his belief in healthy eating (and maybe a sweet treat, too), Cuban bought a 20% stake in Coconut Girl in 2020 for $ 180,000. The company was founded by Francheska âFrankieâ Yamsuan, who developed the line of dairy-free and gluten-free ice cream sandwiches in 2018. Coconut Girl products are sold in flavors such as Hang Loose Vanilla and Aloha Chocolate. Coconut Girl does not use cane sugar and the products are sweetened with dates, honey and maple syrup. The company’s website boasts that the treats are “grain-free, paleo, and virtually guilt-free.”
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Passionate about the outdoors, Georgia mother Kressa Peterson knew what it is like to be dirty and muddy with no way to remove dirty clothes to wash – without putting on a public spectacle. So she created Shower Toga – which users put on their clothes before removing them from underneath – with campers, bikers, endurance athletes and more in mind. It is washable and reusable. While at least one of the investors in “Shark Tank” compared it to a plastic garbage bag, the Cuban and his guest Shark Alli Webb saw the value and shelled out $ 80,000 for a 40% stake in the business.
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Ready. Adjust. To eat!
Founded in 2017, the company – Ready. Adjust. To eat! – introduces children from the age of 4 months to peanut, egg and milk allergens with the aim of reducing the risk of developing allergies in children by up to 80%. This is achieved by supplementing a baby’s bottle or food with a sachet of allergens. Cuban made an initial investment of $ 350,000 through “Shark Tank” and then participated in a $ 3 million fundraising round.
âAs a parent of a child with a severe peanut allergy, I know firsthand the impact this has on families across the country. â¦ We will ensure that all parents are made aware of the early introduction of allergens, âCuban said in a press release. He is the father of three children.
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The Living Christmas Society.
A teenager in Southern California, Scott Martin delivered Christmas trees to his customers. âBecause I was working in a nursery, I was like, ‘Why do people cut trees down to bring them back into the house when there are perfectly good living trees that can be brought into the house and that after they go on living, ‘”he told Spectrum News in 2019. So as an adult he founded The Living Christmas Co., which delivers live potted trees that families care for. during the holidays, and he will come back for them. Then he will rent the same tree to another family next year, saving the life of a tree. Needing money for capital and infrastructure, he went to âShark Tankâ and found some disbelievers. But Cuban, claiming to be “believing in convenience with a conscience,” invested $ 150,000 for 40% of the business is still in business, but little is known about its growth and income.
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This article originally appeared on GOBankingRates.com: What companies has Mark Cuban invested in?