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2006-06-11 16:32:48 · 6 answers · asked by cdalpine9 1 in Sports Basketball

6 answers

Cuban's first foray in the business world was as a garbage bag and powdered milk salesman, when he sold garbage bags around his neighborhood in Mt. Lebanon, a suburb of Pittsburgh.

Cuban earned his way to college by giving disco dancing lessons and even earned about $1,100 from starting a chain letter. He chose Indiana University because of the school's low cost compared to the nation's other top business schools. There he joined Pi Lambda Phi International Fraternity. Even in college, Cuban was seen as controversial by some: his advisor admonished him for taking advanced courses during his freshman year and he was dissuaded from getting his MBA after getting a bachelor's degree.

Business success
Shortly after college, in 1982, Cuban moved to Dallas, Texas and found work with a new IBM PC software dealer. He was fired for choosing to make a sales call to close a $10,000 software deal instead of opening the store on time. Cuban founded a new company, MicroSolutions, and was able to convince some of his previous customers to come along. The Microsolutions became a system integrator and reseller for companies such as Novell, 3Com, IBM, Banyan, Apple Computer and Sun Microsystems and an early adopter of technologies such as Carbon Copy, Lotus Notes, and CompuServe. One of the company's biggest clients was Perot Systems. In July 1990, Cuban sold MicroSolutions to CompuServe, Inc—then a subsidiary of H&R Block—for 6 million dollars.[1]. "After taxes, I walked away with about $2 million" Cuban once recalled.[2]

Cuban and fellow Indiana alum Todd Wagner still eagerly followed their college basketball team, and conceived the idea of broadcasting live games and events through the Internet. They began Audionet in 1995 with a single Packard Bell server and ISDN line, which became Broadcast.com in 1998. They achieved success by broadcasting sporting and corporate events much less expensively than with existing leased lines. By 1999, Broadcast.com had grown to 330 employees and annual revenues close to $100 million. With the stock market now in the midst of the Dot-com boom, Cuban was able to sell the company to Yahoo! for $5.7 billion in stock. After the sale, Cuban hedged his position in Yahoo in an attempt to avoid exposure to a market crash.[1] According to Forbes, Cuban is reportedly worth $1.8 Billion.

2006-06-11 16:37:20 · answer #1 · answered by KWCHAMBER 4 · 0 0

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2016-02-14 18:29:43 · answer #2 · answered by Anonymous · 0 0

He owned an internet company which he sold for major money

2006-06-11 16:34:06 · answer #3 · answered by Anonymous · 0 0

he started a company called broadcast.com which he sold to yahoo! for 5.7 billion dollars in stock.

2006-06-11 16:34:03 · answer #4 · answered by reyes 4 · 0 0

He created broadcast.net (or com) and sold it.

2006-06-11 16:35:50 · answer #5 · answered by skyvolt2000 3 · 0 0

he was a sucessful technological entrepreneur

2006-06-11 16:36:06 · answer #6 · answered by GS 4 · 0 0

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