Thursday, August 12, 2010

Mark Cuban, The Ultimate Bootstrapper


Mark Cuban is probably still in Durham right now since I just returned from meeting him. He exceeded my expectations and really impressed me with his bootstrapping, no credit card, teen entrepreneurship encouraging, advice. He reminded me of a book I am reading, The Bootstrapper Bible. Here are quotes from Mark:

"Best equity is sweat equity"

"VC = Vulture Capitalists" (this was funny since there were many venture capitalists in the room and they sponsored the event)

"Think like a student" (meaning live cheap so you can invest in yourself and ideas)

"What is the least expensive way to start a business" (Reminds me of lean startup ideas and getting to the minimum viable product)

"We are in the perfect environment to start a business since startup costs are so low"

"Sales cures all...founders have to sell"

"When I bought the Mavericks I walked in the first day, took a cheap desk from Office Depot right with the sales team and started calling season ticket holders"

"Ideas are the easy part..how hard are you willing to work to make it happen"

"They thought they had to move to Silicon Valley (from Pittsburg)"

"Live like a kid"

"Future of television is television...Internet is not designed for television"