To: Bill who wrote (282225 ) 4/3/2024 2:34:44 PM From: Brumar89 1 RecommendationRecommended By
Read Replies (1) | Respond to Unlike donny dimwit, Cuban didn't inherit hundreds of millions from his father and grandmother, beginning when he was still a toddler. Unlike donny, he doesn't have a long string of failures and bankruptcies............ Born in Pittsburgh, Pennsylvania , Cuban's entrepreneurial actions manifested early with ventures ranging from selling garbage bags to running newspapers during a strike. He graduated from the Kelley School of Business at Indiana University and embarked on a diverse business career that included founding MicroSolutions and Broadcast.com , both of which he sold at substantial profits. Cuban's investments span various industries, from technology and media to sports and entertainment. ......... Cuban co-founded MicroSolutions with help from his previous customers from Your Business Software. MicroSolutions was initially a system integrator and software reseller. The company was an early proponent of technologies such as Carbon Copy , Lotus Notes , and CompuServe . [30] One of the company's largest clients was Perot Systems . [31] The company grew to more than $30 million in revenue, and in 1990, Cuban sold MicroSolutions to CompuServe —then a subsidiary of H&R Block —for $6 million (over $14.7 million today). [22] He made approximately $2 million after taxes on the deal. [32] [33] In 1995, Cuban and fellow Indiana University alumnus Todd Wagner joined Audionet (founded in 1989 by Chris Jaeb, who retained 10% of the company), combining their mutual interest in Indiana Hoosier college basketball and webcasting.[34] With a single server and an ISDN line,[35] Audionet became Broadcast.com in 1998.[33] By 1999, Broadcast.com had grown to 330 employees and $13.5 million in revenue for the second quarter.[36] In 1999, Broadcast.com helped launch the first live-streamed Victoria's Secret Fashion Show.[37] That year, during the dot com boom, Broadcast.com was acquired by Yahoo! for $5.7 billion in Yahoo! stock.[38] ............
