June 14 (Bloomberg) — Entrepreneur Mark Cuban discusses the U.S. Economy and starting a business with Trish Regan at the Clinton Global Initiative in Chicag…
Video Rating: 4 / 5
Mark Cuban: Only Morons Start a Business on a Loan
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Mark Cuban is a smart guy… but I have to totally disagree with his
statement “YouTUbe is not about conversation”. It is the 3rd largest
social media network in the world, and I see 590 people having a
conversation about this video as I type this comment. By 2015, over 90
percent of all Internet traffic is expected to be video. I think that it is
safe to say that the internet was made, and will continue to be made for
video.
TV will be dead very soon. The ISPs know this which is why they are doing
everything in their power to try and destroy net neutrality and stop google
from rolling out high speed internet. There is limitless content even now.
There is not enough time in the world to sift through all the content and
every year the amount of content on the internet doubles. Cuban is living
in the past.
Trust me, you cannot start your business idea without money, I’ve been
trying for 32 years and it doesn’t work.
WTF does Mark Cuban know about small biz ? ? ?
…he made his money selling computer software, then got lucky selling his
idea and website to Yahoo (which ultimately crashed) indicating that Mark
just pulled one over on Yahoo. That sale made him a
Mega-Millionare…..then parlayed his money into other investments.
Let me see Mark Cuban start a small biz WITH NO CAPITAL and make money at
it. Give me a freeggin break. I like Mark…but he went out of bounds here.
He obviously knows little to nothing about starting a BIZ from scratch.
I’ve started several and sold um too. But, unlike Mark, i stumbles accross
the latest and greatest idea (not yet).
I know a 5-10K loan right now would help me get moving on my venture.
Unfortunately I don’t have friends or family that have that have that kind
of money to spare. While I kind of get his point, there are a lot of
successful businesses that were started with friends and family rounds OR
maxing out credit cards. Very risky, but sometimes you gotta do what you
gotta do.
Mindless on Youtube? No Conversation? This is ignorant. We use Youtube for
conversation because who wants to watch TV and the live events – The events
that matter will be posted to Youtube with high amounts of comments, looks
so we can collectively decide what news is important. Otherwise you are at
the mercy of TV Programmers to decide – Thus CNN’s constant Breaking News
or Fox News fake News and lies. You tube is the filter between the BS
he says there’s no excuses for not starting a business and then says its
stupid to take out a loan? So what’re we supposed to do, save 20,000
dollars yeah that should only take at least 5 years for something that
could fail in a month…seems like the wealthy have a indomitable advantage
So in Cuban´s logic most americans living & buying anything and
everything on debt are morons
Hmm Only morons start a business on a loan…… I know of many successful
people who started a business this way, I guess I should break the news
that their idiots although they will probably laugh at me because they make
3 times what I make a year
Mark Cuban got lucky during the tech bubble. We should not listen to his
advice because neither intelligence nor experience led to his fortune. It
was luck, nothing more nothing less.
the internet is designed for everything except video… wat
God I hate him so much. This is a guy who has managed to become a
billionaire by contributing precisely nothing to society. And we have Yahoo
and their infinite stupidity to thank for him.
Youtube is not about conversation?
I think he never looked into youtube himself!
Thats what happens if you pay know-nothing advisers to get information.
So I guess that, based on Cuban’s logic, going to college on a loan would
make you a moron as well. I agree that having tons of debt to have to pay
back kills you, and raising money through crowdfunding pays off better.
Check out how much money these people made without having to worry about
paying anything back:
http://www.kickstarter.com/projects/electroninks/circuit-scribe-draw-circuits-instantly
Crowdfunding > traditional loans anyday. Cuban is smart; follow his words
of bizdom.
He never answered the question..how do you start a business without the
loan?
Mark Cuban, you are moron!
She definitely wanted the D
Why don’t you donate some of that money so the non Jew kids can learn about
business? Sponsor and promote a program in the schools to get them going
young. Then all this will talk make a lot more sense. As of now it just
sounds like the crazy ramblings of another nutty billionaire.