Latest news with #Breathometer
Yahoo
22-05-2025
- Business
- Yahoo
How much Mark Cuban's $33 million in 'Shark Tank' investments earned him
Mark Cuban has made gains and setbacks during his time on "Shark Tank." After 15 seasons on the hit ABC business reality show, Cuban, 66, appeared in his final "Shark Tank" episode May 16, during the Season 16 finale. The savvy Dallas Mavericks minority owner, along with his fellow sharks, has made a few bad bets while investing on the show, though ultimately, he said he's turned a major profit. Cuban told CNBC Make It that he invested "about $33 million" during his time on the show, receiving $35 million in cash returns and holding equity now worth "at least $250 million." The businessman has invested in dozens of "Shark Tank" featured businesses over the years, and committed to even more on screen. One business in particular had all five sharks – Cuban, Kevin O'Leary, Daymond John, Lori Greiner and Robert Herjavec – biting for the first time. All pooled a $1 million investment for a 30% company stake, which turned out to be a dud. Why Mark Cuban is leaving 'Shark Tank,' and his worst TV investment ever In 2013, entrepreneur Charles Michael Yim pitched his Breathometer as the world's first smartphone breathalyzer. Yim even brought champagne to test it. Blame the bubbles, but the pitch worked. The party started to end in January 2017, when the Federal Trade Commission filed a complaint against Yim and Breathometer, alleging the company misled customers about the product's ability to accurately measure blood alcohol content. Breathometer settled with the FTC over that complaint, but was compelled to fully refund every customer who had purchased the device (typically retailing for $49.99), according to an FTC statement. "It was a lot of money, and I did a poor job of due diligence," Cuban told USA TODAY. "It really didn't turn out anywhere near what I expected." Cuban has also made several impressive deals, including in Tower Paddle Boards, Nuts 'N More, SAT prep company Prep Expert and skincare company Simple Sugars, according to Nasdaq. In his farewell, Cuban looked back on his time on the show fondly. "I've learned so much from all of you," Cuban said to Barbara Corcoran, Greiner, Herjavec, John and O'Leary in his farewell episode. "And to 'Shark Tank,' The people who supported us, to the people who love us. I love you guys like family." Mark Cuban says farewell to 'Shark Tank'; How Kevin O'Leary, other sharks toasted him Cuban cited family as his official reason for leaving the show. Cuban and wife Tiffany Stewart share three children: daughters Alexis and Alyssa and son Jake. "My kids are teenagers, and I want to spend more time with them," Cuban told People magazine in October. He pointed to the family-conflicting two-week shooting schedule in June and September as the deal-breaker. "When they were young, it was like, 'OK, we're going to wait for Dad.' Now that they're teenagers, they aren't waiting for Dad at all, and in September, they've just gotten back to school. I want to be there for that." This article originally appeared on USA TODAY: Mark Cuban 'Shark Tank' net worth: Investment wins and losses Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
How much Mark Cuban's $33 million in 'Shark Tank' investments earned him
Mark Cuban has made gains and setbacks during his time on "Shark Tank." After 15 seasons on the hit ABC business reality show, Cuban, 66, appeared in his final "Shark Tank" episode May 16, during the Season 16 finale. The savvy Dallas Mavericks minority owner, along with his fellow sharks, has made a few bad bets while investing on the show, though ultimately, he said he's turned a major profit. Cuban told CNBC Make It that he invested "about $33 million" during his time on the show, receiving $35 million in cash returns and holding equity now worth "at least $250 million." The businessman has invested in dozens of "Shark Tank" featured businesses over the years, and committed to even more on screen. One business in particular had all five sharks – Cuban, Kevin O'Leary, Daymond John, Lori Greiner and Robert Herjavec – biting for the first time. All pooled a $1 million investment for a 30% company stake, which turned out to be a dud. Why Mark Cuban is leaving 'Shark Tank,' and his worst TV investment ever In 2013, entrepreneur Charles Michael Yim pitched his Breathometer as the world's first smartphone breathalyzer. Yim even brought champagne to test it. Blame the bubbles, but the pitch worked. The party started to end in January 2017, when the Federal Trade Commission filed a complaint against Yim and Breathometer, alleging the company misled customers about the product's ability to accurately measure blood alcohol content. Breathometer settled with the FTC over that complaint, but was compelled to fully refund every customer who had purchased the device (typically retailing for $49.99), according to an FTC statement. "It was a lot of money, and I did a poor job of due diligence," Cuban told USA TODAY. "It really didn't turn out anywhere near what I expected." Cuban has also made several impressive deals, including in Tower Paddle Boards, Nuts 'N More, SAT prep company Prep Expert and skincare company Simple Sugars, according to Nasdaq. In his farewell, Cuban looked back on his time on the show fondly. "I've learned so much from all of you," Cuban said to Barbara Corcoran, Greiner, Herjavec, John and O'Leary in his farewell episode. "And to 'Shark Tank,' The people who supported us, to the people who love us. I love you guys like family." Mark Cuban says farewell to 'Shark Tank'; How Kevin O'Leary, other sharks toasted him Cuban cited family as his official reason for leaving the show. Cuban and wife Tiffany Stewart share three children: daughters Alexis and Alyssa and son Jake. "My kids are teenagers, and I want to spend more time with them," Cuban told People magazine in October. He pointed to the family-conflicting two-week shooting schedule in June and September as the deal-breaker. "When they were young, it was like, 'OK, we're going to wait for Dad.' Now that they're teenagers, they aren't waiting for Dad at all, and in September, they've just gotten back to school. I want to be there for that." This article originally appeared on USA TODAY: Mark Cuban 'Shark Tank' net worth: Investment wins and losses Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
21-05-2025
- Business
- USA Today
How much Mark Cuban's $33 million in 'Shark Tank' investments earned him
How much Mark Cuban's $33 million in 'Shark Tank' investments earned him Show Caption Hide Caption Watch Mark Cuban's 'Shark Tank' farewell in final episode The sharks got emotional bidding Mark Cuban farewell on the maverick star's final appearance after 14 years on "Shark Tank." Mark Cuban has made gains and setbacks during his time on "Shark Tank." After 15 seasons on the hit ABC business reality show, Cuban, 66, appeared in his final "Shark Tank" episode May 16, during the Season 16 finale. The savvy Dallas Mavericks minority owner, along with his fellow sharks, has made a few bad bets while investing on the show, though ultimately, he said he's turned a major profit. Cuban told CNBC Make It that he invested "about $33 million" during his time on the show, receiving $35 million in cash returns and holding equity now worth "at least $250 million." The businessman has invested in dozens of "Shark Tank" featured businesses over the years, and committed to even more on screen. One business in particular had all five sharks – Cuban, Kevin O'Leary, Daymond John, Lori Greiner and Robert Herjavec – biting for the first time. All pooled a $1 million investment for a 30% company stake, which turned out to be a dud. Why Mark Cuban is leaving 'Shark Tank,' and his worst TV investment ever In 2013, entrepreneur Charles Michael Yim pitched his Breathometer as the world's first smartphone breathalyzer. Yim even brought champagne to test it. Blame the bubbles, but the pitch worked. The party started to end in January 2017, when the Federal Trade Commission filed a complaint against Yim and Breathometer, alleging the company misled customers about the product's ability to accurately measure blood alcohol content. Breathometer settled with the FTC over that complaint, but was compelled to fully refund every customer who had purchased the device (typically retailing for $49.99), according to an FTC statement. "It was a lot of money, and I did a poor job of due diligence," Cuban told USA TODAY. "It really didn't turn out anywhere near what I expected." Cuban has also made several impressive deals, including in Tower Paddle Boards, Nuts 'N More, SAT prep company Prep Expert and skincare company Simple Sugars, according to Nasdaq. In his farewell, Cuban looked back on his time on the show fondly. "I've learned so much from all of you," Cuban said to Barbara Corcoran, Greiner, Herjavec, John and O'Leary in his farewell episode. "And to 'Shark Tank,' The people who supported us, to the people who love us. I love you guys like family." Mark Cuban says farewell to 'Shark Tank'; How Kevin O'Leary, other sharks toasted him Why is Mark Cuban leaving 'Shark Tank'? Cuban cited family as his official reason for leaving the show. Cuban and wife Tiffany Stewart share three children: daughters Alexis and Alyssa and son Jake. "My kids are teenagers, and I want to spend more time with them," Cuban told People magazine in October. He pointed to the family-conflicting two-week shooting schedule in June and September as the deal-breaker. "When they were young, it was like, 'OK, we're going to wait for Dad.' Now that they're teenagers, they aren't waiting for Dad at all, and in September, they've just gotten back to school. I want to be there for that."
Time of India
17-05-2025
- Entertainment
- Time of India
Why is Mark Cuban leaving ‘Shark Tank' after 15 seasons?
After 15 seasons on ABC's hit reality series Shark Tank , billionaire entrepreneur Mark Cuban is saying goodbye. His final appearance airs May 16 at 8 p.m. EDT/PDT, coinciding with the Season 16 finale. 'It was time to move on,' Cuban, 66, wrote on X (formerly Twitter) on May 15. Continue to video 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Instalá tu kit rápido y sin cables, en el día. Alarmas Verisure Ver oferta Undo Cuban joined Shark Tank as a guest in Season 2 before becoming a full-time shark in Season 3, alongside Daymond John, Barbara Corcoran, Robert Herjavec, and Kevin O'Leary. Lori Greiner joined in Season 4, and Daniel Lubetzky of KIND Snacks became a full-time shark in the latest season. In his final episode, Cuban competes one last time for investment opportunities and shares an emotional farewell. Live Events Why He's Leaving The main reason for Cuban's exit? Family. 'My kids are teenagers, and I want to spend more time with them,' Cuban told People in October. The show's summer shooting schedule clashed with back-to-school time — a moment he doesn't want to miss. 'Now that they're teenagers, they aren't waiting for Dad at all.' Cuban and his wife, Tiffany Stewart, have three children: Alexis, Alyssa, and Jake. What's Next? Cuban may be off the Shark Tank set, but he's far from done. He still holds a minority stake in the Dallas Mavericks and remains active in team operations. After the team landed the top pick in the 2025 NBA Draft, Cuban posted 'Unreal' and 'Let's go Mavs' on X. He also continues to focus on his health venture, the Mark Cuban Cost Plus Drug Company, which aims to lower prescription drug prices by eliminating middlemen. Mark Cuban's departure marks the end of an era for Shark Tank — and a new chapter for one of its most influential sharks. FAQs: Mark Cuban's Exit from Shark Tank 1. Why is Mark Cuban leaving Shark Tank? Cuban is stepping away to spend more time with his family, particularly his teenage children. The show's shooting schedule in June and September conflicts with their school calendar. 2. When is Mark Cuban's final Shark Tank episode? His final appearance airs on May 16 at 8 p.m. EDT/PDT, which also serves as the Season 16 finale. 3. What was Mark Cuban's worst investment on Shark Tank? Cuban cites Breathometer, a smartphone breathalyzer, as his worst investment. The company was later investigated by the FTC for misleading claims and had to refund all customers. 4. Will Mark Cuban still be involved with the Dallas Mavericks? Yes. Although he sold the majority stake, Cuban retains a minority ownership in the Mavericks and continues to be involved in the team's operations. 5. What is Mark Cuban doing after Shark Tank? Beyond family time, Cuban is focused on his health startup — the Mark Cuban Cost Plus Drug Company, which aims to reduce drug prices by eliminating markups and middlemen.
USA Today
16-05-2025
- Business
- USA Today
Why Mark Cuban is leaving 'Shark Tank,' and his worst TV investment ever
Why Mark Cuban is leaving 'Shark Tank,' and his worst TV investment ever Show Caption Hide Caption Mark Cuban introduces 'Shark Tank' summit Entrepreneur Mark Cuban discusses Clover & Sony's partnership to champion small businesses with the inaugural Clover x Shark Tank Summit in Vegas. Cheddar Mark Cuban is exiting the "Shark Tank." After 14 years on the hit ABC reality show, Cuban, 66, appears in his final "Shark Tank" episode May 16 (8 EDT/PDT), which is also the Season 16 finale. As the former Dallas Mavericks majority owner said simply on a May 15 X social media post, "It was time to move on." Cuban started as a guest shark in Season 2, and then officially joined the Emmy-winning show in Season 3 with Daymond John, Barbara Corcoran, Robert Herjavec, and Kevin O'Leary. Lori Greiner joined as a main shark in Season 4, and KIND Snacks founder Daniel Lubetzky joined full-time this season. In Cuban's final episode, he battles fellow sharks one last time for unique entrepreneurial investment opportunities and a special farewell. Cuban tells USA TODAY via email that he respects all his fellow sharks despite the occasional feeding frenzy. "They all worked their butts off to get where they are. They aren't there by accident," he says. But he gives special kudos to Corcoran, who has "an advanced understanding of people. "I respect Barb's talents the most," says Cuban. "She is the best judge of character and commitment of entrepreneurs that I've ever seen." Those "Shark Tank" disagreements between founder-friendly Cuban and the aggressive negotiator O'Leary (aka "Mr. Wonderful") were real. "We had our battles," says Cuban. "Kevin always looks for ways to use royalties. Which is rarely, if ever, good for the company." Still, the two bid farewell respectfully in the finale, and Cuban offers kind parting words. "Kevin may be confused about business often, but he has a big heart and does care about his entrepreneurs," he says. What was Mark Cuban's worst 'Shark Tank' investment? Cuban has no problem revealing his worst investment on the show. In 2013, entrepreneur Charles Michael Yim pitched his Breathometer as the world's first smartphone breathalyzer. Yim even brought champagne to test it. Blame the bubbles, but the pitch worked, pulling all five sharks into a joint investment for the first time. Cuban, O'Leary, John, Greiner and Herjavec pooled a $1 million investment for a 30% company stake. The party started to end in January 2017, when the Federal Trade Commission (FTC) filed a complaint against Yim and Breathometer, alleging the company misled customers about the product's ability to accurately measure blood alcohol content. Breathometer settled with FTC over that complaint, but was compelled to fully refund every customer who had purchased the device (typically retailing for $49.99), according to an FTC statement. "It was a lot of money, and I did a poor job of due diligence," says Cuban. "It really didn't turn out anywhere near what I expected." Why is Cuban really leaving 'Shark Tank'? Cuban cited family as his official reason for leaving the show. Cuban and wife Tiffany Stewart share three children: daughters Alexis and Alyssa and son Jake. "My kids are teenagers, and I want to spend more time with them,' Cuban told People magazine in October. He pointed to the family-conflicting two-week shooting schedule in June and September as the deal-breaker. "When they were young, it was like, 'Okay, we're going to wait for Dad.' Now that they're teenagers, they aren't waiting for Dad at all, and in September, they've just gotten back to school. I want to be there for that."
