When you've ever puzzled how effectively the billionaires do on their Shark Tank investments, US enterprise mogul Mark Cuban might have simply scratched your itch.
Seems, after investing practically $28 million in 85 start-ups on the favored tv present, Cuban has made nothing.
That is proper, nada.
With an estimated web price of $6.8 billion, Cuban can soak up his justifiable share of misses, and so the proprietor of NBA franchise the Dallas Mavericks was in good humour when discussing the ups and downs of his Shark Tank adventures.
Cuban revealed his greatest loss was a $US 1 million funding on a fledgling start-up known as Breathometer.
Pitched by founder Charles Michael Yim, Breathometer was touted because the world's first smartphone breathalyser.
By blowing right into a plastic system clipped right into a smartphone, Yim claimed, the system would generate an correct blood alcohol studying which may then immediate an over-the-limit driver to name a taxi.
"It was an awesome concept, and really an honest product," Cuban recalled.
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Cuban detailed how Yim appeared to take his eyes off the prize, as a substitute of pouring all his effort into making the start-up a hit.
"I might take a look at his Instagram and he'd be in Bora Bora," Cuban mentioned.
"Two weeks later and he'd be in Vegas partying.
"Then he'd be on Necker Island with Richard Branson."
Cuban mentioned he'd textual content Yim, saying: "What the f--- are you doing? You are presupposed to be working."
Yim, Cuban mentioned, would reply and say he was busy "networking".
"Subsequent factor , all the cash is gone," Cuban mentioned.
"That was my greatest beating."
Cuban mentioned "there is no such thing as a level" making an attempt to heap stress on founders who do not need to dig in for themselves.
After the podcast aired, Cuban contacted CNBC to make clear his zero revenue feedback didn't consider the promising Shark Tank investments he had but to exit from.
"I have never gotten out greater than I've put in," he wrote in an e-mail.
"However that does not account for all the continuing, working companies and their valuations."
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Yim, too, had some clarifications of his personal, saying Cuban had portrayed him unfairly.
The journey to go to Branson on Necker had been a pitch, Yim informed CNBC, not simply pleasure.
"You may't take a look at somebody's social media and take it for face worth," Yim mentioned.
"That is not how social media works."