Mark cuban talks about his Investment Philosophy , Start-ups going public and Automation at Upfront Ventures conference . Mark Cuban is a Billionaire , one of the Shark at Shark tank , tech mogul & outspoken owner of Dallas Mavericks. His Net Worth is $3.3 billion .
Why companies goes public because they feared there culture will change, affraid of becoming public comapny CEO.20 years back 9000 companies were public companies , now only 4000. During dot-com hit companies has to depend on analyst but now information is so easily available companies just find VC’s or investor for funds. The best way to eliminate competition is buy them we saw AppDyanmics acquired by Cisco , Twitch by Amazon.
My investments in San Francisco has dropped to 90%, the cost to startup is so low as of now. Money will find the brain power easily. Its not about the location , its about the smart people.
What I finds making deal in Shark Tank is , if enterpreneur is working 24 * 7 for his Business as someother part of world someone is also competing hard. I like to invest in future business which are on AI , Machine learning and Deep learning.
90% of my reading is now about Deep learning , neural networks , AI world.
Automation will definately play major role in future , it will replace what we do most of things manually today.
Netflix and Amazon are two best start-ups followed up by Google & Facebook.Netflix and Amazon these 2 of my major share holdings.
We are working on applicaiton (App that will make replies to a tweet private ) that controlling whose gonna troll on twitter. Trollers troll beacause they want to get noticed.
Image source : Business Insider.