For billionaire investor Mark Cuban, the \"best deals\" on ABC's \"Shark Tank\" happen when entrepreneurs pitch a unique product that he hadn't thought of creating himself.<\/p>\n
\"There's some 12-year-old kids somewhere coming up with an idea to do things in a way that we never would have envisioned,\" Cuban said during a Q&A session at the George W. Bush Center on Oct. 21.<\/p>\n
When \"that 12-year-old comes up with an idea, on 'Shark Tank' or anywhere,\" and presents, \"I think to myself, 'Why didn't I think of that?'\" he said. \"Those are always the best deals.\"<\/p>\n
The Sharks have often invested in innovative pitches from young entrepreneurs on the show.<\/p>\n
For example, Cuban invested $100,000 in Simple Sugars, a skincare company created by Lani Lazzari, on season four of the show. He was impressed with her product, and together, they built Simple Sugars into a multimillion-dollar company.<\/p>\n
He called Lazzari his \"favorite entrepreneur\" in 2017.<\/p>\n
\"When I invested, she was 19. When she was 11, she had eczema and wanted to come up with a natural based scrub to help with her eczema,\" Cuban said at an Oxford Union Q&A in 2017. \"Lani is my favorite entrepreneur because she's so driven and she wants to keep an edge.\"<\/p>\n
Though he did not invest, Cuban was also super impressed with kid-entrepreneurs Sofi Overton, the then-13-year-old who pitched her sock company on season 11, and Ehan Kamat, the then-17-year-old who pitched a roller to eliminate foot pain on season nine, as he thought both their products were innovative.<\/p>\n
Cuban could relate to these young entrepreneurs, because he started selling products as a kid.<\/p>\n
\"I sold garbage bags door-to-door when I was 12 years old because my dad told me the only way I could get new basketball shoes was if I had a job,\" he said on a2019 episode of GQ's \"Actually Me.\"<\/p>\n
Throughout his teens, Cubanresold baseball cards, stamps and coins. He also worked as a box boy and laid carpet, among other \"random jobs,\" he said in 2019. In college, Cuban said he hosted disco parties andgave dance lessons to pay for his tuition.<\/p>\n
So Cuban is sold \"when I see an entrepreneur come on and present, [and] I think to myself, 'Why didn't I think of that?'\"<\/p>\n
Disclosure: CNBC owns the exclusive off-network cable rights to \"Shark Tank.\"<\/p>\n
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Read more: For billionaire investor Mark Cuban, the \"best deals\" on ABC's \"Shark Tank\" happen when entrepreneurs pitch a unique product that he hadn't thought of creating himself. \"There's some 12-year-old kids somewhere coming up with an idea to do things in a way that we never would have envisioned,\" Cuban said during a Q&A session at the George W. Bush Center on Oct. Continue reading
\nMark Cuban: This kind of pitch 'always' results in 'the best deal' on 'Shark Tank' - CNBC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"