Here’s your lesson of the day! At VatorNews, we have thousands of sage advice from seasoned entrepreneurs. Many have asked if we could showcase one every day as a constant reminder of what it takes to build and scale a startup. So here you go! Today’s lesson is from Mark Cuban, entrepreneur and active angel investor.
Cuban founded Broadcast.com, which went public during the dot-com heyday and was bought by Yahoo in 1999 for over $5 billion in stock, making it one of the biggest exits for any dot-com during the Internet boom.Cuban used the windfall to buy the Dallas Mavericks of the National Basketball League and set himself up as one of the most visible — and voluble — moguls in professional sports. In this lesson, Cuban advises entrepreneurs to do their homework and get to work.
Says Cuban: “I want real entrepreneurs who realize that sweat equity goes a whole lot further than money.”
