Mark Cuban: Sweat equity goes a lot further than money

Advice to entrepreneurs from Dallas Mavericks owner, entrepreneur and angel investor

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."