Latest news with #CloverxSharkTankSummit
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."
Yahoo
10-03-2025
- Business
- Yahoo
Clover & Sony Pictures Television Announce First-of-its-Kind Partnership to Champion Small Businesses with the Inaugural Clover x Shark Tank Summit
Solving the Small Business Failure Rate at the Heart of New Venture; Three Day Conference to Debut this September in Las Vegas AUSTIN, Texas, March 10, 2025--(BUSINESS WIRE)--Clover, the world's smartest all-in-one point-of-sale solution, and Sony Pictures Television (SPT), which co-produces the critically acclaimed, multi-Emmy Award-winning "Shark Tank," today revealed a first-of-its-kind partnership and series of groundbreaking initiatives to combat the astounding 50% small business failure rate (source: U.S. Chamber of Commerce). Live from the stage at SXSW, the partners unveiled the Clover x Shark Tank Summit, a small business conference featuring a first-of-its-kind partnership, the Access Pass grant program for small businesses, and a first-look of a powerful new docuseries starring Clover's Chief Empowerment Officer Tabitha Brown. This game-changing partnership will tackle small business failure rates. The U.S. is home to 33.2 million small businesses, accounting for almost 46% of all U.S. employees and generating $5.9 trillion in annual revenue (source: U.S. Chamber of Commerce – Small Business Data Center). Small Businesses fuel the economy, spark innovation, and shape culture – yet half of them won't make it past five years. The reasons are fixable. Lack of business planning, financial challenges, employee management, market shifts, and inadequate marketing are to blame. The magnitude of the fallout from Small Business failure – economically, culturally, and socially - is enormous, and ensuring their success is one of the most significant challenges of our time. On stage at SXSW today, small business advocate, "Shark Tank" investor and co-founder of Cost Plus Drugs, Mark Cuban, joins Clover Chief Empowerment Officer, Tabitha Brown, and Fiserv Chief Brand, Marketing, and Communications Officer, Shannon Watkins, along with Justin Fenchel, co-founder and CEO of Austin-based BeatBox Beverages and "Shark Tank" entrepreneur, to spotlight the challenges confronting small businesses and announcing on the mainstage, the Clover x Shark Tank Summit, to help turn the small business failure rate around. "The goal of the Clover x Shark Tank Summit is to showcase how the world supports small businesses and how we can continue to champion them," said Cuban. The Clover x Shark Tank Summit debuts in Las Vegas from September 28-30, 2025. This multi-day event is designed to give entrepreneurs the inspiration, access, and support they need to shift the odds in their favor. One of the biggest highlights – exclusively curated "Shark Tank" activities involving some of the renowned tycoons of business--the "Sharks" and "guest Sharks," as participants can pitch on-site, receive expert feedback, and connect with top leaders in finance, tech, culture, and entertainment. On the road to the inaugural Clover x Shark Tank Summit, will be the introduction of Access Pass, a unique opportunity for small business owners to enter and win a chance to participate in the upcoming event, was also unveiled today. The entry period opens March 10 and runs through August 11. Entrepreneurs eager to take their business to the next level should visit for more details. In a powerful first appearance as Clover's Chief Empowerment Officer, Tabitha Brown takes the SXSW stage to reveal an inspiring new docuseries that will shine a light on the untold stories of small businesses nationwide. "Supporting small businesses is my calling," said Brown, "I'm beyond thrilled to announce this incredible partnership, and I can't wait to make a meaningful impact together." "When we empower small businesses, we uplift communities and have the power to change the world. That belief is at the heart of who we are and what we do as a company," said Shannon Watkins, Chief Brand, Marketing, and Communications Officer at Fiserv. "By bringing together partners like Shark Tank and Tabitha Brown with Clover, we are driving change at the intersection of commerce, culture, and community and redefining how the world supports small businesses for generations to come." "We're thrilled to team up with Clover to bring 'Shark Tank' fans and entrepreneurs together for our first Summit," said Eli Holzman, President, Nonfiction, Sony Pictures Television. "'Shark Tank' is the leading brand in the small business and entrepreneurship space and we couldn't be more excited to provide a new forum for founders, investors and fans to engage directly." To learn more about Clover and how the brand is providing solutions for small businesses including the Clover x Shark Tank Summit, visit and follow @clovercommerce on Instagram, X, Facebook, and LinkedIn. New episodes of "Shark Tank" air Fridays at 8/7c on ABC and stream next day on Hulu. For additional details about Shark Tank, visit @SharkTankABC on Instagram, X and @SharkTank on Facebook. About Fiserv Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World's Most Admired Companies™. Visit and follow on social media for more information and the latest company news. About Shark Tank The recipient of five Emmy® Awards for Outstanding Structured Reality Program, ABC's "Shark Tank," currently airing its 16th season, features the Sharks – tough, self-made, multimillionaire and billionaire tycoons – as they invest in America's best businesses and products. The Sharks give people from all walks of life the chance to chase the American Dream and potentially secure life-changing business deals. The Sharks are billionaire Mark Cuban, co-founder of Cost Plus Drug Company; real estate mogul Barbara Corcoran; prolific CPG investor and self-made inventor of retail products Lori Greiner; cyber-security technology innovator Robert Herjavec; fashion and branding expert Daymond John; venture capitalist Kevin O'Leary; and the newest Shark, philanthropist and founder of KIND Snacks and the Builders Movement, Daniel Lubetzky. Mark Burnett, Clay Newbill, Yun Lingner, Max Swedlow, Brandon Wallace, Mark Cuban, Barbara Corcoran, Lori Greiner, Robert Herjavec, Daymond John, Kevin O'Leary, Barry Poznick, and Phil Gurin are the executive producers of "Shark Tank," which is based on the Japanese "Dragons' Den" format, created by Nippon Television Network Corporation. The series is produced by MGM Television, a division of Amazon MGM Studios, in association with Sony Pictures Television. About Sony Pictures Television Sony Pictures Television (SPT) is one of the television industry's leading content providers, producing, distributing and carrying programming worldwide in every genre and for every platform. In addition to managing one of the industry's largest libraries of award-winning feature films, television shows and formats, SPT is home to a thriving global content business, operating a robust portfolio of wholly-owned and joint-venture production companies across the U.S., Europe, Latin America, and Asia Pacific, as well as linear and digital channels around the world. SPT is a Sony Pictures Entertainment Company, a subsidiary of Tokyo-based Sony Group Corporation. FI-G View source version on Contacts Fiserv Media Relations:Alex EbanksVice President, Communications+1 Sony Pictures Television Media Relations: Sony Pictures Television Corp Comm:Shannon KerrShannon_Kerr@ Shark Tank PR:Caroline (203) 219-8785
