Turns out you can still pitch your project to billionaire Mark Cuban even if you’re not invited to Shark Tank.
“For me, I’m always accessible via email. I mean, my email is accessible to the public. And so I get presentations via email all the time,” Cuban said during his MasterClass course. Win Big In Business,” published in February. 22.
“I literally invested $100 million in emails that people sent me. Some of them, I still haven’t met the people,” he added.
In his MasterClass video, Cuban said he prefers to give presentations via email rather than over the phone because he is able to give “more complete answers.”
“If we do it over the phone, I’m going to forget half of what we talked about because I have so much to do. If we do it over email, I can always look it up,” he said. declared in the press release. course.
Cuban told BI that he does not track the number of investments or the amount of money he has distributed specifically via email.
He also said he would be willing to make calls if investors wrote him a check or he closed a deal.
“It depends on the circumstances. There is no single rule,” he said.
Cuban also said during his Masterclass that he was trying to find a way to integrate the meeting transcripts of his company, Mark Cuban Cost Plus Drugs, and all correspondence regarding their business projects into one large language model. He added that eventually this could turn into the company’s “own version of ChatGPT.”
That said, while Cuban loves email and extols its virtues, he is also just one of many senior executives who use it to conduct business.
Former Google CEO Eric Schmidt wrote in his 2014 book, “How Google Works,” that “most of the best — and busiest — people we know respond quickly to their emails.” Also in 2014, Apple CEO Tim Cook told ABC that he received about 700 to 800 customer emails a day and read most of them.
While some may question whether Cuban could fully assess a founder’s credibility via email, he told BI that this method of presentation has proven effective for him so far.
“It’s easy to look them up online. And it’s just as easy to judge their credibility based on the answers I get and the questions I get asked,” Cuban said, adding that he spends about three to four hours a day on emails.
“It’s not foolproof, but it worked for me,” he said.
And Cuba has the track record to prove it.
The businessman revealed on Monday that he pay more than $275 million in taxes This year.
The size of his tax bill also means Cuban could single-handedly finance the annual salaries of all lawmakers in Congress for nearly three years.
businessinsider
