Smash Notes

Why Does Mark Cuban Say This Is the Best Time to Start a Company?

at 9:19

From the episode: Mark Cuban on His Relationship to Wealth and Risk and Why Silicon Valley Investors Are Like Old Hollywood

Answer

Mark Cuban tells The Twenty Minute VC that coming out of the pandemic will be the best time in the history of mankind to start a business. Everyone will seem a little crazy, and he calls that the opening. There are no rules. Everything is open for negotiation and for a founder's own vision. He pushes back on the reflex to raise money. He credits Elon Musk for raising a lot of it, then says most great entrepreneurs, Warren Buffett among them, did not. Sweat equity is what matters. If you lost a job or were furloughed, he says you are already home, and when people walk back outside they will be looking for something new.

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