"Mark Cuban: LIVE in Chicago"

2023-08-10 01:14:20

<p>"SmartLess" with Jason Bateman, Sean Hayes, &amp; Will Arnett is a podcast that connects and unites people from all walks of life to learn about shared experiences through thoughtful dialogue and organic hilarity. A nice surprise: in each episode of SmartLess, one of the hosts reveals his mystery guest to the other two. What ensues is a genuinely improvised and authentic conversation filled with laughter and newfound knowledge to feed the SmartLess mind.</p><p>Listen to SmartLess on the Wondery App or wherever you get your podcasts. You can listen to episodes early and ad-free on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. Start your free trial by visiting&nbsp;<a href="http://wondery.com/links/smartless" rel="noopener noreferrer" target="_blank">wondery.com/links/smartless</a>&nbsp;now.</p><p><br></p>

3Speaker 3
00:00:01.28 – 00:00:08.88

Okay, so, um, we are, hello audience, we're backstage, we're supposed to be doing a cold open, like the podcast right now.

4Speaker 4
00:00:08.90 – 00:00:10.98

But we didn't prepare a cold open, we should have prepared.

1Speaker 1
00:00:11.22 – 00:00:19.44

Right, we didn't, we don't have anything ready to say, so, well, but we should maybe say don't take flash, you know, flash photography, or record the show, that kind of thing.

4Speaker 4
00:00:19.66 – 00:00:20.88

Introduce yourself, maybe you can do that.

1Speaker 1
00:00:20.88 – 00:00:22.12

Okay, my name is John.

3Speaker 3
00:00:22.32 – 00:00:28.48

Yeah. Uh, my name is Will. And, uh, my, oh, you'll hold for the applause? Yeah, yeah. Son of a, so.

00:00:28.48 – 00:00:30.18

And I am Jason. Yeah.

2Speaker 2
00:00:30.36 – 00:00:33.70

Um, and, um, and, uh, did you say you were Will?

4Speaker 4
00:00:33.70 – 00:00:35.56

Yeah, but it was in the, my name's Will, so.

3Speaker 3
00:00:35.76 – 00:00:38.30

But you, you do need to wake up just a little bit, though, right?

1Speaker 1
00:00:38.30 – 00:00:39.34

Yeah, because it's our second show.

3Speaker 3
00:00:39.52 – 00:00:43.58

Oh, stop it, stop it, stop slapping, stop slapping! Okay. Ready? Here we go.

2Speaker 2
00:00:43.88 – 00:00:45.60

Welcome to Smart Less!

00:00:49.78 – 00:00:54.56

Go, run, run, run, before the applause runs out. Run, run, run, run, run, run, run! Before the applause runs out!

?Unknown Speaker
00:00:54.80 – 00:00:55.16

Run!

00:01:05.44 – 00:01:07.94

Hello, Chicago! Oh my God!

00:01:09.82 – 00:01:14.86

Woo! Wow! Oh, my gosh, take a seat, take a seat! Why you guys!

4Speaker 4
00:01:15.18 – 00:01:20.80

Take a seat, take a seat! Please, please, please, sit, sit, sit. Tracy from Wisconsin shirts, look at these guys!

?Unknown Speaker
00:01:20.82 – 00:01:23.84

Oh yeah! Tracy from Wisconsin. shirts! By the way.

3Speaker 3
00:01:23.84 – 00:01:25.66

You know, tell him, tell him.

1Speaker 1
00:01:25.94 – 00:01:26.84

Tracy's here, I'm serious.

4Speaker 4
00:01:26.90 – 00:01:27.52

Tracy's here.

?Unknown Speaker
00:01:30.18 – 00:01:35.90

Is she going to come out and say hi? Where is she? Come out and say hi. Come out and say hi, Tracy. Come on.

00:01:36.78 – 00:01:37.58

Say hi.

00:01:40.00 – 00:01:41.34

Look at this. Look at these shirts.

3Speaker 3
00:01:45.66 – 00:01:53.10

These guys up front have Tracy from Wisconsin t-shirts. Yeah. So you can't see them.

2Speaker 2
00:01:53.20 – 00:01:53.72

Wow. Oh, my God.

3Speaker 3
00:01:53.72 – 00:01:58.44

So thank you for being so foolish as to spend so much time with us. Yes.

2Speaker 2
00:01:59.10 – 00:02:01.46

We're going to try to make you not regret it. Yes.

1Speaker 1
00:02:01.66 – 00:02:05.28

I am not that you know, or maybe you do know or care. I'm from here.

00:02:10.12 – 00:02:16.28

As Jason said, we're so glad you wanted to meet us. And we wanted to meet you. And the tour was the only way we could do it. So thank you. Thank you.

00:02:16.34 – 00:02:16.64

Ow.

4Speaker 4
00:02:17.02 – 00:02:17.84

I just had to do it.

1Speaker 1
00:02:17.88 – 00:02:19.00

It was just yelling at me.

?Unknown Speaker
00:02:19.44 – 00:02:24.12

That would have really hurt. He just did that before we came out. Why are you hitting me? It's really fun.

3Speaker 3
00:02:24.16 – 00:02:25.18

No, no, no. Here we go.

4Speaker 4
00:02:25.58 – 00:02:34.58

This is a dream come true for you, Sean, right? You said you left Chicago many moons ago to drive to Los Angeles. You said, one day, I'm going to come back here with my podcast. That's right.

?Unknown Speaker
00:02:34.78 – 00:02:35.24

That's right.

4Speaker 4
00:02:35.88 – 00:02:37.48

You made it. Right? That's everybody's dream.

2Speaker 2
00:02:37.80 – 00:02:38.06

Right.

1Speaker 1
00:02:38.24 – 00:02:40.98

But anyway, thank you for being here. We're going to sit on the couch now. All right. Let's do it.

00:02:45.72 – 00:02:47.34

Wait. I got to get my cards out.

3Speaker 3
00:02:47.38 – 00:02:50.56

Guys, look at these smart, smartless mugs.

4Speaker 4
00:02:50.56 – 00:02:51.26

Yeah. Yeah.

3Speaker 3
00:02:51.28 – 00:02:54.40

You guys all bought a bunch, right? It's all going to charity.

1Speaker 1
00:02:58.62 – 00:03:02.64

Now, as you know, I'm from here. I went to Illinois State University.

?Unknown Speaker
00:03:03.70 – 00:03:04.10

What?

1Speaker 1
00:03:05.76 – 00:03:09.20

The best school in the world. I'll tell you a little story.

4Speaker 4
00:03:09.42 – 00:03:11.08

Best school in the world is the, okay.

1Speaker 1
00:03:11.36 – 00:03:12.16

Yeah, best school in the world.

00:03:16.14 – 00:03:24.24

And I'm going to tell you a little quick story about my experience there. One time, I was so wasted freshman year. By the way, Watterson Towers. You know Watterson Towers?

00:03:25.78 – 00:03:41.56

So, Watterson Towers is great. It's the tallest dorm building in the country, which is true. It is the tallest dorm building in the country. So, if you went to a party like on the outskirts and you got just fucking wasted, all you had to do, like, I remember coming home from parties like this. I was like, oh, my God.

00:03:41.58 – 00:03:54.32

I don't know where I am. Oh, I just go there. I would walk to the Watterson Towers because it was so easy. But one time, I think, one of those nights I was intoxicated, I went to a White Hen, which now, remember White Hen?

00:03:56.52 – 00:03:58.34

And I was so...

4Speaker 4
00:03:58.34 – 00:03:59.32

How does it compare to Portillo's?

1Speaker 1
00:04:01.58 – 00:04:03.36

White Hen is 7-Eleven, basically.

4Speaker 4
00:04:03.50 – 00:04:04.50

Okay, got it. Sorry.

1Speaker 1
00:04:06.22 – 00:04:07.26

He's from Canada.

00:04:09.48 – 00:04:19.96

So, I went in there and I was really drunk. I was with my friend Randy, who you guys just met. And I was so drunk, I had no money, and I stole a turkey sandwich, right? And so, I went into the...

3Speaker 3
00:04:19.96 – 00:04:21.40

Whoa, whoa, you shoplifted?

1Speaker 1
00:04:21.44 – 00:04:23.36

I shoplifted a turkey sandwich because I was really hungry.

3Speaker 3
00:04:23.36 – 00:04:24.46

Have you ever shoplifted?

1Speaker 1
00:04:25.02 – 00:04:25.38

No.

3Speaker 3
00:04:28.44 – 00:04:29.40

I never have.

1Speaker 1
00:04:29.80 – 00:04:37.04

Okay, sorry. So, I go in there and I'm like, oh, this is... I'll be cool and I'll get to eat. So, it was like... And I put a turkey sandwich in my bag.

00:04:37.30 – 00:04:51.70

And literally, I go out and sit in front of the White Hen. And I'm just eating and I'm throwing the tomatoes at cars because I don't like the tomatoes. And all of a sudden, we're all laughing. And all of a sudden, I see this cop's feet right in front of me. And I look up and I was like, oh, my God.

00:04:51.72 – 00:04:58.16

And I got arrested. What? And so, yeah. I got arrested for stealing a turkey sandwich. And in the backseat, I was such an asshole.

00:04:58.38 – 00:05:05.42

I was in the backseat, like, riding around, like, so drunk. And he goes... I go, hey, isn't there somebody getting murdered somewhere?

00:05:07.04 – 00:05:09.42

Like, why are you arresting a guy that got...

2Speaker 2
00:05:09.42 – 00:05:10.96

Run in your mouth. I stole a turkey.

1Speaker 1
00:05:11.06 – 00:05:17.94

Yeah, run in my mouth. Turkey sandwich. Isn't there something more important? Anyway, so I go to the thing. It cost $100 to get bailed out.

00:05:18.28 – 00:05:24.70

I called one of my brothers. They weren't around. And then this guy, Liam, who... This is the longest story in the world.

00:05:26.34 – 00:05:33.78

Liam, Liam bailed me out. He was in the theater department. I didn't know him. And then, cut to, like, 15 years later. He gave me $100, and then I paid it back.

3Speaker 3
00:05:33.86 – 00:05:36.02

This is Bateman-length, awful.

1Speaker 1
00:05:36.06 – 00:05:44.96

Yeah, yeah. Yeah. So it... So then, 15 years later, I'm at Swingers on Beverly, which is a diner. Sure, yeah.

00:05:45.26 – 00:05:46.76

And he's my waiter, the guy who bailed me out.

4Speaker 4
00:05:47.02 – 00:05:48.16

What? Isn't that...

1Speaker 1
00:05:48.16 – 00:05:51.36

Good story, right? That's it? Yeah. Yes!

4Speaker 4
00:05:53.52 – 00:05:57.62

Wait, wait, wait, wait. Was that the only time you've ever... Only time you've ever been arrested?

1Speaker 1
00:05:59.42 – 00:06:00.62

Uh... Yeah.

3Speaker 3
00:06:01.32 – 00:06:10.14

Hang on. No one has to think that long about whether... That pause usually means, should I say about the other three times I got arrested?

1Speaker 1
00:06:10.14 – 00:06:14.42

No, no, I didn't. I never got arrested. But I do have a great masturbation story, too, if you want to hear that.

4Speaker 4
00:06:16.10 – 00:06:17.44

Well, buckle up, everybody.

3Speaker 3
00:06:19.38 – 00:06:23.28

But hang on a second. Your neck's really red right here. Are you okay? Are you serious? Just on this side.

1Speaker 1
00:06:23.44 – 00:06:25.26

Yeah, because you fucking slammed me. What happened?

3Speaker 3
00:06:25.72 – 00:06:27.36

Sorry. No, it's not. It's not. It's not.

1Speaker 1
00:06:28.06 – 00:06:40.92

So, when I was a kid, my dad's mom, my grandma, on that side, so it's already a good story. Jesus. Aww. We're already off to a booming start. So she used to crochet all these animals.

00:06:41.02 – 00:06:48.40

They were really cute. She would give them to us. Like, they were, like, pre-shaped animals. Like, there was a dinosaur and a duck, and, like, a mouse and a dog. And she would...

00:06:48.40 – 00:06:57.22

You know, like, they had the form, but you crocheted around them. And so she gave us these things, and I used to cut out the hole of the dinosaur's mouth, and I used to fuck it.

4Speaker 4
00:06:58.50 – 00:06:58.90

Wait.

3Speaker 3
00:06:59.68 – 00:07:02.96

You know, there's a few thousand people out here.

4Speaker 4
00:07:04.10 – 00:07:04.40

Wait.

1Speaker 1
00:07:04.72 – 00:07:06.40

Okay, so wait. So wait.

4Speaker 4
00:07:06.48 – 00:07:07.36

All good, there's more.

?Unknown Speaker
00:07:09.12 – 00:07:09.52

Wait.

3Speaker 3
00:07:09.82 – 00:07:15.68

Did it matter what kind of dinosaur? Like, would you not get turned on by a tyrannosaurus rex, but definitely a brontosaurus?

1Speaker 1
00:07:16.04 – 00:07:20.18

Great question. And the mouth was stuck open like that, so I was like, I'll just cut a hole in it.

00:07:22.76 – 00:07:34.70

So then I do this, right, and then I see all other kids coming over to play with them, and I'm like, God, they're all playing with me. And my dog was the only one that avoided that specific toy.

4Speaker 4
00:07:36.08 – 00:07:39.62

Wait a second. Wait a second. Just because we're back in your hometown,

1Speaker 1
00:07:40.12 – 00:07:43.50

you've got to tell the story of when... Oh, because everybody does the masturbate, Will.

2Speaker 2
00:07:45.16 – 00:07:47.40

Not into a dinosaur's mouth.

?Unknown Speaker
00:07:49.86 – 00:07:50.48

What are you...

3Speaker 3
00:07:51.24 – 00:07:52.14

Like, I just...

4Speaker 4
00:07:52.14 – 00:07:55.86

Do you have any other secrets? you want to get off your chest while you're here? I mean...

1Speaker 1
00:07:55.86 – 00:07:56.48

Let me tell you,

3Speaker 3
00:07:56.56 – 00:07:58.34

this is what happens when you prepare.

1Speaker 1
00:07:59.16 – 00:07:59.44

What do you mean?

3Speaker 3
00:07:59.62 – 00:08:00.38

This is what happens when you prepare.

1Speaker 1
00:08:00.38 – 00:08:05.96

No, I think of famous stories that my friends know from back home, and then I share them with you, and now you, because you're my friend.

4Speaker 4
00:08:06.06 – 00:08:08.18

Jason, have you been arrested? Oh, I know, that's nice.

1Speaker 1
00:08:08.24 – 00:08:10.20

So masturbation stories really bring people together.

4Speaker 4
00:08:11.54 – 00:08:13.36

It does make that story cuter.

00:08:15.86 – 00:08:16.50

Jason, arrested.

1Speaker 1
00:08:16.72 – 00:08:17.42

Arrested, development.

3Speaker 3
00:08:17.98 – 00:08:18.84

Great show.

4Speaker 4
00:08:20.26 – 00:08:20.70

Oh,

00:08:22.28 – 00:08:24.26

wait, wait. Sean, favorite scene.

3Speaker 3
00:08:25.20 – 00:08:25.64

Go.

00:08:27.88 – 00:08:29.46

What was the name of his character?

1Speaker 1
00:08:30.04 – 00:08:33.20

Job. I used to call it Gob, because I didn't know.

3Speaker 3
00:08:33.24 – 00:08:34.56

You did, until, like, yesterday.

1Speaker 1
00:08:34.72 – 00:08:39.56

Wait, I want to know worst arrested stories. Not the show. Arrested from the cops.

3Speaker 3
00:08:39.90 – 00:08:48.04

I did... I spent one night in jail, but in... I think I may have even told this on the podcast. Monaco, yeah. I'm so sorry.

2Speaker 2
00:08:48.52 – 00:08:48.88

That's right, that's right.

3Speaker 3
00:08:48.96 – 00:08:54.70

Yeah, I had a... It was in... Yeah, it was in Monte Carlo, and I... They gave me a pashmina, because I was cold.

2Speaker 2
00:08:55.16 – 00:08:55.72

I mean, it's, like,

3Speaker 3
00:08:56.14 – 00:09:10.42

real, real soft. Oh, and I did... I have to spend three innings in Dodger jail, because I got a little over-served in about the sixth inning, and I had to cool off up. in the Dodger jail on the upper deck. It's all painted Dodger blue.

2Speaker 2
00:09:10.80 – 00:09:11.12

It's fun.

3Speaker 3
00:09:11.98 – 00:09:17.86

And you're not allowed to see the end of the game. That's the punishment. And then... And then they turn you loose.

4Speaker 4
00:09:17.96 – 00:09:19.42

Kind of seems like a reward.

3Speaker 3
00:09:19.96 – 00:09:24.16

What about... What about you, you little hellcat? Did you ever spend...

4Speaker 4
00:09:24.16 – 00:09:34.30

Yeah, I've never arrested. And I did... I shoplifted once. I stole a bag of chips when they were, like, 25 cents, and I felt so bad. The next day, I went back into the convenience store.

00:09:34.58 – 00:09:41.50

I was about 11, and I put a quarter on the counter and walked out. True story. True story. That was...

1Speaker 1
00:09:41.50 – 00:09:43.10

Not as thrilling as mine, but that was...

4Speaker 4
00:09:43.10 – 00:09:46.02

Oh, sorry. And then I fucked the bag of chips.

00:09:50.16 – 00:09:51.60

Are we back on track?

00:09:58.16 – 00:10:06.26

And then I saw the other kids eating it, and I was like... Hey, hey. Hey, you know what? We're having fun.

1Speaker 1
00:10:06.92 – 00:10:09.38

Well, you can't... You just can't eat one. All right.

00:10:11.38 – 00:10:11.86

So...

?Unknown Speaker
00:10:11.86 – 00:10:12.24

Wow.

1Speaker 1
00:10:12.96 – 00:10:17.10

Well, okay. So we're gonna get to the guest. I'm super excited. Sean, it's your guest.

3Speaker 3
00:10:17.26 – 00:10:18.22

It's so exciting.

?Unknown Speaker
00:10:19.56 – 00:10:20.42

It's so exciting.

4Speaker 4
00:10:20.70 – 00:10:22.42

We really don't know.

1Speaker 1
00:10:22.64 – 00:10:25.64

Just, again, we really don't know. People don't believe that. you guys don't know.

4Speaker 4
00:10:25.64 – 00:10:32.76

We really don't know who it is. We truly don't know. And this whole tour, we've done a really good job of sequestering the guests, so we have no idea who it is.

1Speaker 1
00:10:32.92 – 00:10:40.64

Yeah, so I wrote my thing, like Jason does. So this guy's amazing. One of his quotes is... I love this quote. It doesn't matter how many times you fail.

00:10:40.94 – 00:10:51.92

You only have to be right once, and then everybody says you're an overnight success. His dad used to say, which I love this quote... Today is the youngest you'll ever be. Live like it. How great is that?

00:10:52.40 – 00:11:06.90

I love that. He went from banking to bartending to business software. He's one of the pioneers of putting audio on the Internet. He not only buys and sells companies, he's also immersed in the entertainment business as a co-owner of 2929 Entertainment. He's not one of my favorite sharks.

00:11:07.18 – 00:11:08.54

He is my favorite shark!

?Unknown Speaker
00:11:08.88 – 00:11:11.10

It's Mark Cuban! What? What?

00:11:16.04 – 00:11:17.68

What? Look at this guy!

2Speaker 2
00:11:23.16 – 00:11:27.38

Thanks for having me on, man. Thank you so much. Hey! Nice to meet you.

4Speaker 4
00:11:27.64 – 00:11:29.54

Thanks for having me on. Hey! Sean.

2Speaker 2
00:11:29.76 – 00:11:33.44

Oh, yeah, absolutely. What do you want me, right there? Look at this.

?Unknown Speaker
00:11:33.64 – 00:11:34.90

What? With the shoes.

1Speaker 1
00:11:36.10 – 00:11:36.90

With the shoes.

4Speaker 4
00:11:38.14 – 00:11:41.58

Let's start with the shoes. Start with the shoes.

3Speaker 3
00:11:41.72 – 00:11:42.54

Start with the shoes.

4Speaker 4
00:11:42.88 – 00:11:43.56

Are those...

3Speaker 3
00:11:43.56 – 00:11:45.02

Now, are you a sneakerhead?

2Speaker 2
00:11:45.20 – 00:11:46.42

I'm not. I'm not, really.

3Speaker 3
00:11:46.46 – 00:11:47.74

Are those significant, though?

2Speaker 2
00:11:47.76 – 00:11:48.72

Those are significant.

3Speaker 3
00:11:48.86 – 00:11:49.74

Tell us about them.

2Speaker 2
00:11:50.02 – 00:11:52.88

There's a guy who plays on our team, named Luka Doncic.

3Speaker 3
00:11:52.96 – 00:11:54.08

Sure? Yeah. Sure.

4Speaker 4
00:11:55.46 – 00:11:57.44

And he... These are his shoes.

2Speaker 2
00:11:57.66 – 00:12:02.48

Oh, I got it. Designed for him. And so, every now and then, I pull them out, right?

4Speaker 4
00:12:03.52 – 00:12:04.38

Like you should.

2Speaker 2
00:12:04.48 – 00:12:08.34

Like I should. Yeah. Yeah. You know, you got to make the big guy happy. And they're great.

00:12:08.46 – 00:12:09.10

And they match.

3Speaker 3
00:12:09.88 – 00:12:12.14

Yeah. They do. Look at you. That's great.

1Speaker 1
00:12:12.16 – 00:12:21.08

What a sharp suit. Wow. And by the way, we were going to fly you out like real nice, you know, because you were so nice to come out. He's like, I'll fly myself.

2Speaker 2
00:12:21.62 – 00:12:23.46

Yeah. No, not literally. Not literally.

1Speaker 1
00:12:23.62 – 00:12:26.06

Yeah, I know. But, you know, it was pretty nice. But...

4Speaker 4
00:12:26.06 – 00:12:26.98

That's good living.

1Speaker 1
00:12:27.24 – 00:12:31.38

I have... You know, I'm obsessed with Shark Tank. And we're going to get...

2Speaker 2
00:12:31.38 – 00:12:34.02

You mean that show on Friday night on ABC? Yes. Oh, that was fun.

1Speaker 1
00:12:35.04 – 00:12:42.66

Obsessed. I've seen almost every episode. But I'm going to save that because I want to get the sports stuff out of the way, and everybody knows why. So... So...

4Speaker 4
00:12:43.24 – 00:12:43.60

So...

1Speaker 1
00:12:43.60 – 00:12:46.18

How do you buy a basketball team?

2Speaker 2
00:12:46.48 – 00:12:48.84

You write a big motherfucking check. That's what you do.

3Speaker 3
00:12:50.10 – 00:12:57.46

But they're not just sitting around, right? I mean, how long were you sort of clocking it and seeing there might be an opportunity and like,

2Speaker 2
00:12:57.54 – 00:13:06.70

how do you get a heads up on that? So this was like 22 years ago, 99, 2000 season. I was a season ticket holder and the Mavs were awful. Yeah. And I just made a lot of money.

00:13:06.86 – 00:13:08.94

Yeah. And so I go to the game and I'm like...

1Speaker 1
00:13:08.94 – 00:13:09.22

By the way,

4Speaker 4
00:13:09.22 – 00:13:09.24

I'm going to tell you.

1Speaker 1
00:13:09.24 – 00:13:10.64

that's good luck.

4Speaker 4
00:13:11.88 – 00:13:12.14

Yeah.

?Unknown Speaker
00:13:12.30 – 00:13:12.66

But wait,

1Speaker 1
00:13:12.84 – 00:13:20.80

here's the thing. It's like, we're all taught to like, not say things like that because we're like, you shouldn't like flaunt it. But I love that you do. You make it okay.

2Speaker 2
00:13:20.80 – 00:13:26.16

I am the luckiest motherfucker in the entire world. I am trying to enjoy every minute.

3Speaker 3
00:13:26.32 – 00:13:35.18

You have consistently been pretty straight up and honest. You don't posture about it. You always say it as it is. That is great.

1Speaker 1
00:13:35.30 – 00:13:37.66

I love that. Yeah. Like, no, keep going.

2Speaker 2
00:13:37.66 – 00:13:41.04

Okay, so you got... Dirty, filthy rich.

3Speaker 3
00:13:42.12 – 00:13:43.18

So you just happened.

4Speaker 4
00:13:43.18 – 00:13:44.14

to make a ton of money.

2Speaker 2
00:13:44.28 – 00:13:56.20

Happened to make a ton of money. You're at the game and it's the start of the season and I'm there with my then girlfriend, now wife, and we're at the game. It's the first game of the season. We're undefeated. And there's like, no energy, no, nothing in the arena.

00:13:56.24 – 00:14:01.88

I'm like, I can do a better job than this. And then it was like, well shit, why don't I buy this thing? Right? Right.

1Speaker 1
00:14:02.24 – 00:14:03.26

I mean, just like that?

2Speaker 2
00:14:03.42 – 00:14:05.30

Just like that. And who do you call?

3Speaker 3
00:14:05.30 – 00:14:06.54

to find out if they're even for sale?

2Speaker 2
00:14:07.06 – 00:14:15.64

I mean, you cold, called the guy? The guy, no. The owner was a guy named Ross Perot Jr. and didn't know or care anything about basketball. Wait, Ross Perot Jr.?

00:14:15.64 – 00:14:15.82

Yeah.

3Speaker 3
00:14:16.02 – 00:14:20.36

That was my first vote at 18.. Right? I voted for Ross Perot.

2Speaker 2
00:14:20.56 – 00:14:23.44

See? Really? I really did. I was so excited.

1Speaker 1
00:14:23.58 – 00:14:24.82

Oh, you're the one.

2Speaker 2
00:14:24.90 – 00:14:25.78

I was a big,

3Speaker 3
00:14:26.38 – 00:14:29.88

I was a huge Dana Carvey fan, so I was like, let's do it.

2Speaker 2
00:14:30.32 – 00:14:38.40

I have one Ross Perot story. I have one Ross Perot senior story. So my very first company. after I got fired, I started this company, Micro Solutions, and the big deal,

1Speaker 1
00:14:38.48 – 00:14:39.28

I want to talk about that too. Cool.

2Speaker 2
00:14:39.58 – 00:14:41.76

And the big deal was, we had this big,

3Speaker 3
00:14:41.78 – 00:14:42.46

That's what we do with Sean Taylor.

4Speaker 4
00:14:42.72 – 00:14:42.92

Cool.

2Speaker 2
00:14:43.96 – 00:14:55.16

Let me finish my story. Yeah. Right? And so, I got a chance to do business with him. So he was like the big thing in Dallas and I'm like 24 years old, and so I get to go into his office.

00:14:55.46 – 00:14:58.70

He's got the original Magna Carta there in his office.

1Speaker 1
00:14:58.72 – 00:14:59.38

are you kidding me?

2Speaker 2
00:14:59.42 – 00:15:04.12

He's got the statue for Iwo Jima right there in his office.

3Speaker 3
00:15:04.76 – 00:15:06.88

This is Ross Perot, junior or senior? Senior.

2Speaker 2
00:15:07.24 – 00:15:16.36

The scariest moment of my life literally was walking down that hall hoping I did not destroy American history. Right. Because there he was.

1Speaker 1
00:15:16.36 – 00:15:17.50

Don't leave that to other people.

2Speaker 2
00:15:17.52 – 00:15:19.98

Other people, right? So.

3Speaker 3
00:15:22.50 – 00:15:25.76

Of course you, you tried to stop that too.

2Speaker 2
00:15:26.02 – 00:15:34.82

Yeah. You tried to help out with that too. Yeah, it didn't go so well the first time. But anyways, long story short, I get to him and I say, hi, Mr. Cuban, I'm Ross Perot.

00:15:35.34 – 00:15:35.74

No.

?Unknown Speaker
00:15:36.36 – 00:15:36.76

Really?

2Speaker 2
00:15:37.72 – 00:15:40.10

Oh, no, you gave away your position.

4Speaker 4
00:15:40.26 – 00:15:41.92

All your leverage was gone in that moment. Yeah,

2Speaker 2
00:15:41.96 – 00:15:45.76

because a 24 year old just started, has a ton of leverage. Yeah, so he laughed. Wait,

4Speaker 4
00:15:45.80 – 00:15:46.60

you were 24?.

1Speaker 1
00:15:47.26 – 00:15:48.48

Wait, when you what? God,

4Speaker 4
00:15:48.48 – 00:15:49.54

I'm almost 24 right now. No, no,

1Speaker 1
00:15:49.72 – 00:15:50.06

no, no, no,

3Speaker 3
00:15:51.54 – 00:15:52.58

That's when you met with Senior.

2Speaker 2
00:15:53.04 – 00:16:01.68

Yeah, that's when I met with Senior first time. So when I bought the team, right, so I got to meet Junior, and literally from start to finish was about three weeks. Wow. Wow.

3Speaker 3
00:16:01.90 – 00:16:03.74

So he was an eager seller.

2Speaker 2
00:16:03.86 – 00:16:18.62

He was an eager seller, and I, you know, he thought it was gonna be a negotiation, and so when I sold, this was right in the middle of the internet stock boom, right, so literally, every day, the stock that I got from my company, from an old company called Yahoo, would go up $20, so it was like.

1Speaker 1
00:16:18.76 – 00:16:19.88

Wait, is Yahoo still around?

2Speaker 2
00:16:21.60 – 00:16:22.84

Not really, no.

1Speaker 1
00:16:22.90 – 00:16:27.74

Yeah, so you sold it. Look, it's printed everywhere. It's like $5.7 billion. That's what they gave you?

2Speaker 2
00:16:27.98 – 00:16:30.36

Well, they gave it to us in stock, and I got a third of that.

3Speaker 3
00:16:30.84 – 00:16:38.56

Okay, so can I, can I, can I? We deal with that third shit all the time, right? Believe me.

1Speaker 1
00:16:39.90 – 00:16:42.86

We just did it with cake from Portillo's.

4Speaker 4
00:16:44.68 – 00:16:47.00

So. We actually did, we actually did.

3Speaker 3
00:16:47.06 – 00:16:53.66

I don't mean to embarrass you, but I'm sure this is probably all public. What did you pay for the team, and what is it worth now?

2Speaker 2
00:16:53.88 – 00:16:55.38

So I paid $285 million.

1Speaker 1
00:16:55.68 – 00:16:57.12

I love that. you just say that. Okay.

3Speaker 3
00:16:57.48 – 00:16:59.04

Well, it's probably public. I could lie.

4Speaker 4
00:16:59.26 – 00:17:02.58

No, no, but it's unbelievable. Here's why, and so you can go on.

3Speaker 3
00:17:02.72 – 00:17:05.44

By the way, we all did a ton of coke before we came out here.

?Unknown Speaker
00:17:06.20 – 00:17:06.68

I know.

3Speaker 3
00:17:07.06 – 00:17:08.38

Can you tell? It's not obvious.

1Speaker 1
00:17:09.14 – 00:17:10.54

Wait, so you paid how much?

2Speaker 2
00:17:11.34 – 00:17:11.94

$285 million.

3Speaker 3
00:17:12.26 – 00:17:13.92

That's crazy. And now it's worth?

2Speaker 2
00:17:15.08 – 00:17:22.76

I mean, I'm not. Three billion, two and a half billion. Wow. But it's only worth that if you're gonna sell it, right? And I have no plans on selling it.

3Speaker 3
00:17:23.06 – 00:17:25.10

But all the teams have gone up exponentially.

1Speaker 1
00:17:25.92 – 00:17:32.12

So it's like any kind of commodity, any kind of thing. It's like you invest in it, like a house or whatever, and it's always gonna go up in value.

2Speaker 2
00:17:32.12 – 00:17:36.26

No, it's more like a house, like if you love your house, right? You bought the house, and it's going up in value.

1Speaker 1
00:17:36.26 – 00:17:38.34

If you bought a house for $235 million.

3Speaker 3
00:17:39.36 – 00:17:44.90

But it goes up because people love that sport. Yeah, yeah.

2Speaker 2
00:17:44.90 – 00:17:50.28

So, you know, we've been fortunate. Basketball's been very, very good to me. And so. That's crazy.

1Speaker 1
00:17:50.48 – 00:17:53.90

So you were always into sports, or specifically basketball, that you play?

2Speaker 2
00:17:54.22 – 00:17:56.86

Yeah, not very well, but I've been a basketball junkie since I've been five years old.

3Speaker 3
00:17:56.86 – 00:18:05.34

Are you disciplined about not sort of stepping on the toes of the way in which the team is run, or do they want that? No, no.

2Speaker 2
00:18:05.50 – 00:18:11.24

I paid $285 million for that. motherfucker. I get to do what I want. But you're, so exactly.

3Speaker 3
00:18:11.58 – 00:18:23.26

So you're on the floor for a lot of games, if not all of them. In the middle of the game, will you go over and say to the head coach, hey man, you gotta sit that guy down, or I want him in the game.

2Speaker 2
00:18:23.40 – 00:18:28.74

No, no, that I won't do. That's where I draw the line. Now I might go to the referees, and say what the fuck was that? Right, but.

1Speaker 1
00:18:28.96 – 00:18:30.12

You are, like famously,

4Speaker 4
00:18:30.28 – 00:18:32.04

are you not the most fined?

2Speaker 2
00:18:32.14 – 00:18:32.74

Yeah, by far.

1Speaker 1
00:18:32.80 – 00:18:37.54

By far. Yeah, it's not even close. I love how proud you are of that. But why, because you what?

2Speaker 2
00:18:37.60 – 00:18:40.12

Because they get it wrong all the time. Who the fuck accepts that?

3Speaker 3
00:18:40.38 – 00:18:43.20

So you get fined by the referees.

2Speaker 2
00:18:43.24 – 00:18:45.36

No, no, they wish. No, by the league, by the NBA.

3Speaker 3
00:18:45.36 – 00:18:48.22

For talking to the referees during the game.

2Speaker 2
00:18:48.44 – 00:18:49.60

More for saying something publicly.

3Speaker 3
00:18:49.88 – 00:18:50.38

After the game.

2Speaker 2
00:18:50.46 – 00:18:50.86

After the game.

4Speaker 4
00:18:50.94 – 00:18:54.62

Have you ever said to a referee, look, I'm sorry, I could have you killed. No.

00:18:57.04 – 00:19:00.92

Because that's what I would do, if I was in your position, I would just look at it.

2Speaker 2
00:19:00.92 – 00:19:06.00

I did go like this one time. I went like this one time to a referee. I got fined for that, yeah.

1Speaker 1
00:19:07.52 – 00:19:12.42

Oh, my God. That's crazy. Good for you. I can't believe. you own a team.

00:19:12.58 – 00:19:24.62

Okay. So it's just like, oh, and I have a new pair of shoes and I own this team. Okay. But wait, talk about microsolutions, because what is it and how did you start? Say what you were going to say before.

00:19:25.10 – 00:19:25.74

No, I was going to say,

4Speaker 4
00:19:26.40 – 00:19:29.16

Sean was talking about his microsolution earlier in the intro.

1Speaker 1
00:19:30.80 – 00:19:38.70

Yeah, but I invested a lot of time in it and it grew and grew. So please.

3Speaker 3
00:19:38.92 – 00:19:40.26

So it was a grower, not a shower?

1Speaker 1
00:19:40.36 – 00:19:44.30

That's exactly, no, it's a shower. So, Sean, you're a shower. No, so talk about microsolutions because-.

2Speaker 2
00:19:44.90 – 00:19:54.94

So I got fired from a job, right? So I was working in a job selling software and I had this deal. So step back. At the time, when I moved to Dallas from Indiana University.

3Speaker 3
00:19:56.14 – 00:19:56.94

Who, who, who?

1Speaker 1
00:19:57.36 – 00:19:57.80

Hoosiers!

2Speaker 2
00:20:00.02 – 00:20:14.28

So, after I went from IU down to Dallas, the only place I could live, cause I had no money. And so I lived in a little shithole with five roommates. And literally I didn't have a bathroom. I didn't have a room. I just had a, not even a closet.

00:20:14.40 – 00:20:17.38

I just had a place that I just would sleep on, right?

4Speaker 4
00:20:17.46 – 00:20:19.00

Like. what year is this sort of?

2Speaker 2
00:20:19.02 – 00:20:22.58

This is 1982.. Okay. Way back when, when I was six.

1Speaker 1
00:20:22.80 – 00:20:24.68

Yeah, yeah, same, same.

2Speaker 2
00:20:25.02 – 00:20:39.72

And so I got a job at night working as a bartender slash bar back. And then during the day, I got a job working at a software company. So I'm starving, right? And I'm living in the shithole and I have a chance to close this big deal, right? And I'm gonna get a $1,500 commission.

00:20:39.72 – 00:20:50.80

I get to move out of the shithole. And so I go to my boss. Normally I'm supposed to wipe down the windows and sweep the floor and open up the store, right? And I'm like-.

1Speaker 1
00:20:50.98 – 00:20:54.62

It's how Jason grew up. Yeah, really rough. Super rough.

3Speaker 3
00:20:54.82 – 00:20:57.12

Yeah, just that- Fast food to fast food to fast food. Right?

2Speaker 2
00:20:57.24 – 00:21:14.92

And so I'm like to my boss, a guy named Michael Humecki, in case you run into him. And so I'm like, I need to go pick up this check, you know? And he goes, no, you have to open the store. And so I make the executive decision to go pick up the check. Thinking if I hand him a $15,000 check, my $1,500 commission there, he'd be happy.

00:21:15.36 – 00:21:23.78

Fires my ass. Wow. Fires me on the spot. And so now I'm left with nothing and I figured, okay, I'm a lousy employee. So I'm gonna go start this company.

00:21:24.04 – 00:21:35.64

I was in the PC business, so I called it Micro Solutions and started with a first customer of $500, grew that to 80 employees, 30, some million dollars in sales and sold it to H&R Block.

3Speaker 3
00:21:36.26 – 00:21:42.12

And was this based on something that you studied? No. Did you study computers or business or anything?

2Speaker 2
00:21:42.22 – 00:21:45.04

No, no. I like cheated in my computer class in Indiana.

00:21:46.78 – 00:21:47.48

Hoosiers, baby!

1Speaker 1
00:21:48.86 – 00:21:50.46

Wait a second, how old were you again?

2Speaker 2
00:21:50.82 – 00:21:51.60

I was 24..

1Speaker 1
00:21:51.84 – 00:21:58.56

24, and how did you, like, what age, was that when you were like, wait a minute, this is kind of cool. I can buy and sell companies and all this?

2Speaker 2
00:21:58.56 – 00:22:23.94

No, it was just like, I got fired and it was like I had to do something. I realized I was a bad employee, but in the nine months I was there, I learned a lot about software. And not a lot of people knew much about software, so I was able to go company to company to company and just slowly but surely hired one person, then two person, then 10, till we got up to about 80 people. And then it got, you know, it took seven years without a vacation, so it wasn't like overnight. Sold it, about a lifetime, passed on American Airlines and partied like a rockstar.

1Speaker 1
00:22:24.06 – 00:22:25.14

Oh, my God.

3Speaker 3
00:22:27.08 – 00:22:28.64

And we will be right back.

1Speaker 1
00:22:30.70 – 00:22:54.04

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3Speaker 3
00:25:32.48 – 00:25:49.32

Would you say that the thing that is more important to your success is your knowledge of the field or your ability to identify people that are good to work, in other words, your people skills or your knowledge of your profession?

2Speaker 2
00:25:49.46 – 00:26:01.14

I think it's that I really, I'm a quick learner. I'm a quick study, right? So when I go into new technologies, I can pick stuff up really fast. And so I'm able to, you say, okay, that's what's next. And so find an angle, what's coming next.

1Speaker 1
00:26:01.22 – 00:26:02.04

How do you know that?

2Speaker 2
00:26:02.64 – 00:26:14.02

Because to me, it just makes sense. Like, you know, when I started Microsolutions, instead of just buying one PC, I thought people are gonna connect them together. And most people are like, no, that's not till later. And then they connect them together. That was my thing.

00:26:14.04 – 00:26:28.90

And then wrote software for it, taught myself to write software and built it up. And then in the mid 90s, you know, a buddy of mine came to me and said, there's gotta be a way we can listen to Indiana basketball over this new thing called the internet. And I was like, okay, I'll figure it out.

1Speaker 1
00:26:29.06 – 00:26:31.00

Yeah, and then you created audio on the internet.

2Speaker 2
00:26:31.12 – 00:26:33.68

It was called AudioNet. It was the first streaming company on the internet.

1Speaker 1
00:26:33.80 – 00:26:36.26

Because I'm very young.

00:26:38.36 – 00:26:42.50

So the internet didn't have audio at first and you kind of created that with this?

2Speaker 2
00:26:42.50 – 00:26:43.62

No, people thought I was a moron.

3Speaker 3
00:26:43.86 – 00:26:46.32

Yeah, there was like a player. I remember there was like an audio player.

2Speaker 2
00:26:46.32 – 00:27:07.30

you could download, right? In order to stream back in the early days, right, you had to have a PC with a modem, download this thing called a TCP IP client, download a client software from your ISP, then download another real, an audio player, right? And then you had to go to a website and click on a file and that file would open up and then you hope it would play. Way to have it all set.

4Speaker 4
00:27:07.30 – 00:27:08.10

But then you're all set.

2Speaker 2
00:27:08.28 – 00:27:09.36

But then you're all set, right?

00:27:10.92 – 00:27:34.16

But we were the first to do it. But, like one of our business, one of the things that helped us the most, like if you were anywhere outside the city of Chicago, the only way to listen to the Cubs games during the afternoon was on AudioNet, right? So we crushed it, because Cubs fans all over the world would go there, click on this thing and go through all the hassle, you know? That's amazing. But that started the whole streaming industry and then that just grew from there.

4Speaker 4
00:27:34.16 – 00:27:48.06

Did you know, like, so you're creating these businesses, did you have an idea, when you were, whatever, 24 and back then, that you, did? you have this dream, I'm gonna be a fucking business titan, I'm gonna do this, was that a possibility?

2Speaker 2
00:27:48.06 – 00:28:04.04

No, no, my, you know, like when doing micro solutions, I remember vividly finally getting a bed, laying there, hung over, going, oh my God, we've been in business three months. Oh my God, we've been in business four months. Oh my God, we've been in business five months, right? Just being terrified that it wouldn't last.

4Speaker 4
00:28:04.12 – 00:28:06.04

So it was just piece by piece and it just sort of.

2Speaker 2
00:28:06.04 – 00:28:07.30

Just grind, you just grind.

3Speaker 3
00:28:07.44 – 00:28:09.74

What did you hope you would become? What did you study in school?

2Speaker 2
00:28:09.98 – 00:28:10.78

I took a business.

3Speaker 3
00:28:11.12 – 00:28:13.28

Right, so you just hoped to find a business,

2Speaker 2
00:28:13.36 – 00:28:17.54

didn't matter what it was. I knew I'd be an entrepreneur, right? Because I had started businesses my entire life,

1Speaker 1
00:28:17.54 – 00:28:27.52

but where did that come from? Like? as a kid, were your parents around? No. See, I think what's fascinating about you and people like you is like, we're all on the outside going, how did this guy do that?

00:28:27.64 – 00:28:33.82

Like, we're like, is there steps I could take to maybe be like Mark Cuban? Like, where did I fucking go wrong? You know what I mean?

4Speaker 4
00:28:35.38 – 00:28:36.78

Yeah, I mean. I could tell you.

1Speaker 1
00:28:40.10 – 00:28:41.44

Opening with a masturbation story.

4Speaker 4
00:28:44.60 – 00:28:54.16

I also want to know, like, what is that moment, you probably do, and tell us, if you do, remember the moment that you first realized, or the moment you were first a billionaire?

2Speaker 2
00:28:54.34 – 00:28:55.06

Oh, fuck yeah, I remember.

1Speaker 1
00:28:55.32 – 00:28:55.72

Yeah, so.

2Speaker 2
00:28:56.26 – 00:29:01.98

It's like having sex for the first time, right? Yeah, yeah. You remember every bit of it. Yeah, right?

4Speaker 4
00:29:02.58 – 00:29:03.42

Sean? Yes.

2Speaker 2
00:29:04.96 – 00:29:26.46

No, because Broadcast.com went public and we had this big IPO and the stock just kept on going up and I knew exactly what the price had to be in order for me to become a billionaire. And so, you know, on the old PCs, you could hit F5 to refresh your Yahoo Finance. Now, F5, boom, boom, boom, boom, boom, boom, boom, boom, kind of like Sean in the story. Boom, boom, boom, boom, boom, boom, boom, boom.

00:29:28.66 – 00:29:38.28

And then, and it was like right when the market opened in Dallas at 8.30, and so I'm just sitting there, basically mostly naked, and I did my little. At home. At home, right? By yourself. By myself.

00:29:38.32 – 00:29:38.98

Hitting that F5..

1Speaker 1
00:29:39.44 – 00:29:39.74

Yeah.

4Speaker 4
00:29:40.44 – 00:29:45.22

But that's, you're just by yourself at home, on your fucking home computer going, am I a billionaire?

2Speaker 2
00:29:45.56 – 00:29:48.50

Yes, and then I did my little billionaire dance, right? It was just like, hey!

3Speaker 3
00:29:49.92 – 00:29:52.30

Who'd you call first?

2Speaker 2
00:29:52.50 – 00:29:57.78

No, what's that? Did you call? No, because I knew, you know, it might only be a second, right? Right, right, right. Just like Sean's story.

00:29:58.48 – 00:30:00.64

Oh, my God, Sean.

1Speaker 1
00:30:02.16 – 00:30:05.12

That's good. What do you guys do? This? Yeah, okay, great.

3Speaker 3
00:30:05.42 – 00:30:11.84

Well, I think everybody here has had the fantasy of like, what if I won the lottery?

00:30:13.52 – 00:30:16.88

What's my fantasy? big thing to buy? What was it?

2Speaker 2
00:30:18.68 – 00:30:19.32

Basketball team.

1Speaker 1
00:30:19.84 – 00:30:21.28

Yeah, there we go. Was it really?

2Speaker 2
00:30:21.44 – 00:30:23.52

Yeah. It wasn't like I dreamed about it.

1Speaker 1
00:30:23.52 – 00:30:28.24

But I mean, like, what was the first big check? You know, maybe like it was 20 grand, or like 100 grand, or something like that.

2Speaker 2
00:30:28.24 – 00:30:44.20

Well, when I sold my first company, Micro Solutions, I literally, my buddies and I went out and just got shit faced at an old school Italian restaurant. You know, where they had the phones that they would bring to, you know? And so I was trashed. and they're like, what do you want, what do you want? I'm like, not into cars, not into, I have a house.

00:30:44.42 – 00:30:58.66

I want a lifetime pass on American Airlines. So I can just go anywhere, anytime, anyhow. Really? And so I traveled enough that I remembered the number and I called them up and I'm like, do you guys sell lifetime passes? And they were like, yes, let me connect you to the air pass department.

00:30:59.16 – 00:31:11.36

I'm like, get the fuck out of here, right? And I bought one and it ended up being $250,000.. And I got to fly me and anybody else that I wanted anywhere American Airlines flies for the rest of my life.

3Speaker 3
00:31:11.58 – 00:31:12.62

As often as you wanted?

2Speaker 2
00:31:12.64 – 00:31:14.22

As often as I want. No way!

1Speaker 1
00:31:14.32 – 00:31:14.52

Way.

4Speaker 4
00:31:14.96 – 00:31:16.08

And you still have that?

2Speaker 2
00:31:16.14 – 00:31:21.66

I gave it to my dad, who unfortunately passed away a few years ago, and then I gave it to a friend who uses it.

3Speaker 3
00:31:21.74 – 00:31:30.48

So it was a $250,000 flat fee, no more money ever for the rest of your life, and you can fly you plus one anywhere you want, all the time you want, until you die.

2Speaker 2
00:31:30.64 – 00:31:31.24

First class.

1Speaker 1
00:31:31.26 – 00:31:32.28

Why? Do they still have that?

3Speaker 3
00:31:32.28 – 00:31:33.50

No way they still have that.

2Speaker 2
00:31:33.58 – 00:31:35.76

No, they got rid of them because there were a couple guys who would just-.

3Speaker 3
00:31:35.76 – 00:31:36.68

You could spend that in a year.

2Speaker 2
00:31:36.68 – 00:31:45.94

I also got my American Airlines miles, right? So there'd be guys who'd just fly back and forth just to get their miles, and that was just like too much. But it was a lot of fun.

00:31:48.04 – 00:31:53.52

Where did, let's go to the Olympics. Let's go to Moscow. Let's go to Vegas.

1Speaker 1
00:31:53.78 – 00:31:57.04

As long as, and then you got delays and you got peanuts and the thing.

4Speaker 4
00:31:57.30 – 00:32:00.32

Oh, great, way to find the thing. that's a bummer about it.

3Speaker 3
00:32:00.98 – 00:32:08.74

Where did, at what point did you want to go into filmmaking, television stuff and start your studio?

2Speaker 2
00:32:09.22 – 00:32:25.88

That was more because of my partner, Todd. Todd and I were partners for, Todd Wagner and I were partners in Broadcast.com and he wanted to do a lot of vertically integrated stuff. And so, after I sold Broadcast, we also started the first all high definition TV network, HDNet. Yeah, yeah, yeah. And then we bought Landmark Theaters.

00:32:26.96 – 00:32:41.16

So I started, we started HDNet and we wanted to do day and date everything, right? And this was- What is it? Day and date meaning? we released a movie on HDNet and in theaters and Landmark Theaters, and we released the DVD and we released it online.

1Speaker 1
00:32:41.16 – 00:32:41.78

All at the same time.

2Speaker 2
00:32:41.82 – 00:32:54.74

Right, which, like now, is a big deal, right? That they're trying to do with HBO Max. And so we were, we started doing that. And probably 2003,. I, you know, we started doing little things.

00:32:54.82 – 00:33:04.32

In 2003. I get an email from a guy named Alex Gibney. And he's like, I've got this footage from this company called Enron. And I email him back.

1Speaker 1
00:33:04.50 – 00:33:04.94

Oh yeah, yeah.

2Speaker 2
00:33:04.98 – 00:33:15.02

And I'm like, do you own the exclusive rights to it? Yeah. Can you put it in a movie, in your documentary you want to do? Yeah. What's the budget for this movie, Enron, that you want to do?

00:33:15.22 – 00:33:20.04

And he goes $770,000.. I'm like, okay, let's do it. 12 minutes. I greenlit this movie.

3Speaker 3
00:33:20.24 – 00:33:20.36

Yeah.

2Speaker 2
00:33:20.46 – 00:33:32.86

So it turns out being Enron, the smartest guys in the room, a documentary, right? It gets nominated for an Academy Award. At the time it was top 10 grossing documentary of all time. I'm thinking this movie shit is easy, right?

1Speaker 1
00:33:33.10 – 00:33:33.54

Then.

4Speaker 4
00:33:34.42 – 00:33:37.80

Yeah, this isn't going to be a money pit at all. Not at all, right?

2Speaker 2
00:33:38.08 – 00:33:50.38

Then my partner, Todd Wagner, brings to me a deal with George Clooney. It's going to be a black and white movie about the fifties, with, about Roy Cohn and the McCarthy hearings, right?

1Speaker 1
00:33:50.52 – 00:33:52.40

Good luck with that guy. Right.

2Speaker 2
00:33:52.64 – 00:33:56.00

And it was going to be called Good Night and Good Luck.

1Speaker 1
00:33:56.04 – 00:33:56.88

Yeah, such a good movie.

3Speaker 3
00:33:56.96 – 00:33:57.40

Great movie.

2Speaker 2
00:33:57.48 – 00:34:15.28

Such a good, it gets nominated for six Academy Awards. My second movie on the, this shit is still easy, right? And even better. yet, we had, because we got nominated, we had a party at, oh, what's the place on Hollywood? Anyways, one of the old school Italian restaurants, Dantana's.

1Speaker 1
00:34:15.42 – 00:34:15.66

Dantana's, yeah.

2Speaker 2
00:34:15.66 – 00:34:19.76

Yeah, right? And I'm doing a body shot off of Cindy Crawford.

3Speaker 3
00:34:21.10 – 00:34:24.42

And I'm there going, this movie. shit's great.

1Speaker 1
00:34:24.64 – 00:34:25.20

That's hilarious.

2Speaker 2
00:34:25.20 – 00:34:40.58

This movie. shit's great. You haven't heard of a movie we've done since, right? We've done little things and we have a company, we sold, 2929, still does some stuff and we sold some of the other stuff and we sold Landmark Theaters and we still have Magnolia Pictures to distribute stuff.

1Speaker 1
00:34:40.90 – 00:34:46.56

Tell me something that you thought for sure was going to succeed, and you're like, oh God, that did not work at all.

2Speaker 2
00:34:46.86 – 00:34:48.12

Nothing. Excellent. Wow.

1Speaker 1
00:34:48.92 – 00:34:50.02

Excellent. Really?

2Speaker 2
00:34:50.64 – 00:34:51.94

No, so many things.

1Speaker 1
00:34:52.06 – 00:35:03.24

Like what's the biggest mistake you made early on in your career, that you would like, the biggest thing, that you would give advice to somebody like, hey, watch out for this. I know you're doing great here, but really watch out for this person or this thing or this idea.

2Speaker 2
00:35:03.52 – 00:35:18.08

Yeah, I think one of the lessons I learned is I would just hire fast, right? Because I'm a salesperson at heart and I would just like, okay, I'm selling myself on hiring this person and I've learned you gotta hire slow and fire fast. So I would make a lot of mistakes in hiring that cost me money.

1Speaker 1
00:35:18.34 – 00:35:21.28

Why, because just you'd interview too many people who'd be like, really want to find out the right fit?

2Speaker 2
00:35:21.38 – 00:35:25.86

Yeah, or I would not interview enough. Right. And so I would just be like, okay, come on, I'll make it work.

3Speaker 3
00:35:25.96 – 00:35:27.08

You seem like a good person.

2Speaker 2
00:35:27.08 – 00:35:44.30

Yeah, yeah. I would be so arrogant that I thought, okay, I can make this work no matter what. Or like, I'd be so arrogant about how much business I know. I'd look at a business and go, okay, you're gonna do this wrong, this wrong, this wrong. And yeah, I know Uber's gonna be good and I know you're gonna do really well with Uber, but you need to give me a better valuation.

00:35:44.96 – 00:35:48.82

And the guy's like, no. And so I missed out on Uber. You know?

3Speaker 3
00:35:48.94 – 00:36:03.10

What do you think, what would you think is your, seems like you've really checked a lot of boxes and had a lot of success. You're not an old guy. Like, what are you thinking about? would be a really significant challenge for you. that actually scares you going forward?

2Speaker 2
00:36:03.48 – 00:36:05.92

Like right now, we're taking on the pharmacy companies.

1Speaker 1
00:36:06.38 – 00:36:12.46

Yes, I was gonna ask you about this. This is, do you guys not, have you heard about what he's doing?

3Speaker 3
00:36:12.88 – 00:36:13.80

I haven't, tell me.

1Speaker 1
00:36:14.02 – 00:36:14.82

It's unbelievable, it's amazing.

2Speaker 2
00:36:15.20 – 00:36:17.00

So it's called Cost Plus Drugs. And that's our time.

3Speaker 3
00:36:20.12 – 00:36:21.12

Cost Plus Drugs?

2Speaker 2
00:36:21.18 – 00:36:44.08

CostPlusDrugs.com, right? And so basically what we've done, the pharmacy industry is really distorted, right? They have these things called Pharmacy Benefit Managers that are kind of like bouncers at clubs. They want to get paid in order for the pharmacy, the pharmaceutical companies, to provide their drugs to insurance companies who then approve them for doctors. And so we said, we're gonna create our own Pharmacy Benefit Manager, but we're not gonna make it convoluted.

00:36:44.14 – 00:36:50.92

We're not gonna ask for rebates, like all the other ones do. And because of that, we can sell direct to consumers at our cost plus 15%.

1Speaker 1
00:36:50.92 – 00:36:52.52

It's amazing. So give us an example of-.

2Speaker 2
00:36:52.64 – 00:36:57.76

I don't, I can't even pronounce all these, but like we'll take something-.

3Speaker 3
00:36:58.06 – 00:36:58.32

Insulin, yeah.

2Speaker 2
00:36:58.46 – 00:37:00.32

No, we don't have insulin yet. We're working on the, okay.

4Speaker 4
00:37:00.50 – 00:37:01.26

Take that back.

1Speaker 1
00:37:01.48 – 00:37:01.70

Yeah.

2Speaker 2
00:37:04.00 – 00:37:12.66

We're working on it. But if you go to CostPlusDrugs.com, you can see exactly what our costs are. And so there's drugs that we'll sell for $6 that everybody else is selling for $400..

1Speaker 1
00:37:13.34 – 00:37:17.74

That's amazing. Yeah, it's crazy. And when do you think, I just think that's incredible.

2Speaker 2
00:37:18.42 – 00:37:20.24

CostPlusDrugs.com. Now are you doing this,

4Speaker 4
00:37:20.36 – 00:37:23.82

now. is this a business for you? Is there a profit in here for you somewhere?

2Speaker 2
00:37:24.08 – 00:37:40.04

So we're everything, we're transparent about everything. So we're not trying to make as much money as possible. It's a public benefit corporation. So it's different than what we're allowed to do too. But we reinvest, so the cost, the markup of 15%, we reinvest so that we're building a manufacturing facility in Dallas so we can push down the price of drugs.

00:37:40.38 – 00:37:56.42

So our goal, we're starting off with a hundred drugs two weeks ago. And our goal by the end of the year is to have 2000 drugs. And our bigger goal is, you know, now we're so used to seeing prices of drugs go up, up, up, up, up, right? Every week or two, we want to be able to post a reduction in price of the drugs that we have, right?

3Speaker 3
00:37:56.48 – 00:37:59.38

How are you able to access these drugs at a wholesale price, though?

2Speaker 2
00:37:59.52 – 00:38:00.50

Because we go right to the manufacturers.

1Speaker 1
00:38:00.92 – 00:38:02.30

Just ask again, because they didn't hear.

3Speaker 3
00:38:02.36 – 00:38:04.96

Oh, sorry. How are you able to access these drugs at a wholesale price?

2Speaker 2
00:38:05.06 – 00:38:17.88

We'll go to the manufacturers or we'll make them ourselves. And the ones we go to the manufacturers, they have to sell them. basically, you know, just a little bit more than they sell to everybody else. Yeah. But everybody else asks for rebates from them, which in turn jacks up the price.

00:38:18.16 – 00:38:25.84

We don't ask for any of those rebates. We don't fuck around with the price. It is just cost, plus 15%, $3 fill fee and $5 for shipping.

4Speaker 4
00:38:26.08 – 00:38:29.60

Have you guys thought about making any of the fun drugs?

2Speaker 2
00:38:30.34 – 00:38:32.40

Yeah. I mean,

4Speaker 4
00:38:32.72 – 00:38:38.62

like you, just have like a whole fun page, you know what I mean? Yeah, you just put in flash, Molly, and I'm not saying that, you know.

1Speaker 1
00:38:39.22 – 00:38:44.78

Will you get, my husband, Scotty, he's got diabetes since he's 17 years old. It's hilarious. But,

00:38:46.84 – 00:38:50.90

whenever I introduce him, I go, this is my husband, Scotty. He's going to die from diabetes.

00:38:52.96 – 00:38:55.32

Now, will that be on that list? Insulin or?

2Speaker 2
00:38:55.32 – 00:39:00.04

So to do insulin, it's this all convoluted thing where you've got to create something called a biosimilar.

1Speaker 1
00:39:00.20 – 00:39:00.72

So it's a mess.

2Speaker 2
00:39:00.94 – 00:39:05.50

It's hard. Yeah. And so it's, we're looking at it, but it takes close to four years.

1Speaker 1
00:39:05.64 – 00:39:05.84

Yeah.

2Speaker 2
00:39:05.96 – 00:39:08.14

And so we're looking at starting that process.

1Speaker 1
00:39:08.30 – 00:39:15.46

And what are some of the, how do you, how do you determine what companies you want to invest in or where you want to put your money?

2Speaker 2
00:39:16.28 – 00:39:20.32

You know, it really depends. Like on Shark Tank, Friday nights on ABC, 8 p.m. Eastern or 7 p.m. Central.

1Speaker 1
00:39:20.34 – 00:39:23.60

I can't wait to get into it. That's the next thing. If we're avoiding Shark Tank,

2Speaker 2
00:39:23.78 – 00:39:36.24

we want to get into it. No, Shark Tank is part TV, right? So you're not making normal business decisions, but normally it's like, is it differentiated? You know, is there a reason for me to buy it? Like when we started costplusdrugs.com, there's no marketing.

00:39:36.34 – 00:39:48.66

We're not spending any money on marketing or advertising because everybody wants cheaper prices for drugs. Yeah. Right. And so it really depends on what the product is. And if there's, if it's differentiated, it's something people obviously need.

00:39:48.78 – 00:39:53.70

And the person who creates it is smart, then I typically try to invest.

3Speaker 3
00:39:53.80 – 00:39:57.00

So you're talking to a dumb ass, right, guys?

4Speaker 4
00:39:58.26 – 00:39:58.76

Confirmed.

3Speaker 3
00:39:58.90 – 00:40:13.38

Confirmed. So, somebody comes on Shark Tank, what they do is they pitch you an idea and you decide whether that's a great idea. And if it's a better idea than the other two people that pitched, they get what? Funding for their, for their idea? Basically, yeah.

4Speaker 4
00:40:14.18 – 00:40:16.00

Just as an aside, I'm so sorry, man.

1Speaker 1
00:40:16.00 – 00:40:16.58

Yeah.

2Speaker 2
00:40:17.08 – 00:40:19.32

You've never watched the show, have you? I, I,

3Speaker 3
00:40:19.32 – 00:40:21.92

I watched the Dodgers and that's it.

2Speaker 2
00:40:21.98 – 00:40:22.96

That's okay. Yeah, no.

3Speaker 3
00:40:22.98 – 00:40:26.92

Now, do you, do you obviously own a piece of that company if it takes off?

2Speaker 2
00:40:27.36 – 00:40:32.04

Well, if I invest in money, yes, I ask for a piece of the company. Yeah. You own the whole thing? Oh, my God. Or like what?

00:40:32.16 – 00:40:37.10

Never want to own the whole thing, because you want the entrepreneur, the person who started it, right, to be successful and make money too.

3Speaker 3
00:40:37.18 – 00:40:38.20

What's the percentage that they get?

2Speaker 2
00:40:38.90 – 00:40:41.52

Typically they'll, they'll keep 80% of it and I'll just take 50%.

1Speaker 1
00:40:41.52 – 00:40:42.80

How many people have watched Shark Tank?

2Speaker 2
00:40:45.68 – 00:40:46.90

The rest of you can leave.

1Speaker 1
00:40:47.22 – 00:40:51.08

Yeah. It's, it's all right. I haven't missed an episode. So wait. Thank you.

00:40:51.18 – 00:40:55.98

Let's get right into it, because I have 800 questions. Okay. Wait a minute. Just hang on a sec. All right.

00:40:56.06 – 00:41:01.34

So, should we go to a commercial? Let's go to a commercial. Wait. Okay. So, same question about your business.

00:41:01.66 – 00:41:07.56

What is the criteria you look for on Shark Tank? when somebody comes in and pitches something? what is it?

2Speaker 2
00:41:08.52 – 00:41:12.00

Spiteball. Spiteball. That's the one I fucked up on. Thank you very much.

?Unknown Speaker
00:41:12.48 – 00:41:12.78

What is it?

2Speaker 2
00:41:12.78 – 00:41:14.28

What is it? Spiteball.

1Speaker 1
00:41:15.06 – 00:41:15.34

Spiteball.

2Speaker 2
00:41:15.38 – 00:41:17.80

Have you ever seen like kids on the beach? Yeah. Yes. Yes. Right.

00:41:17.84 – 00:41:25.98

So they came on Shark Tank and they're like, Mark, we want you to be an investor. We want you. They want me to be the commissioner of their Spiteball League. I'm like, I don't want to be commissioner of the Spiteball League. Yeah.

00:41:26.20 – 00:41:32.54

You know, so I didn't do the deal. Now, every beach, everywhere you go, you know, down here on, on the beach, and it's, that's all you see anywhere.

3Speaker 3
00:41:32.68 – 00:41:34.32

What's Spiteball? Is that like volleyball?

00:41:36.96 – 00:41:37.66

Guys, I,

?Unknown Speaker
00:41:39.46 – 00:41:40.40

don't fucking do it.

00:41:44.40 – 00:41:46.30

They're fucking booing you, dude.

1Speaker 1
00:41:47.36 – 00:41:50.22

By the way, I don't know what it is either. I'm very sheltered.

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