Billionaire entrepreneur and co-owner of the Dallas Mavericks Mark Cuban is no stranger to making big business decisions. But even the most successful people don’t always win. Cuban recently spoke candidly about a missed opportunity that still hurts: passing up an investment in TopGolf, a company that has since grown into a global sports entertainment giant.
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The reason? He just hates golf. “I could have done it [TopGolf]but I hate golf,” Cuban admitted, laughing at the missed opportunity. “They crushed it, right? [But] “I’m still doing well.”
Founded in 2000, TopGolf combines a driving range with an exciting, technologically advanced experience that appeals to golfers and non-golfers alike. The company has grown tremendously internationally, and is expected to attract 30 million visitors in 2024 alone.
Cuban gets hundreds of business proposals every year, so it makes sense that he would miss out on a great opportunity every now and then. For investors like him, there are always many chances to multiply their money. That’s why he can just laugh about missing out on a million-dollar deal.
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“You’re not going to hit every shot, but I’m a shooter – I keep shooting,” he said, stressing the importance of learning from your mistakes and moving on.
Cuban has made his small software company famous by turning it into a multibillion-dollar empire and has invested in hundreds of companies through his role on ABC’s Shark Tank. But he’s quick to admit that while he’s had his share of home runs, he’s also had a few strikeouts. Missing TopGolf may have been one of the last, but Cuban’s philosophy is to keep shooting for the next big thing.
While he may have missed out on some big deals, he believes his most important investment was in himself. “The best investment I ever made was investing in myself, first of all,” he told Men’s Health in an interview.
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In his early 20s, Cuban was often broke, sleeping on the floor of a crowded apartment with six roommates, having his lights turned off and his credit cards cut up.
Despite the struggle, he learned an important lesson: “When you’re just starting out, you may or may not have a job. You don’t have any money. You [have] complete uncertainty about your career,” he said. But he realized that with enough effort, “I can learn almost anything.” This drive to continually learn eventually led him to the success he enjoys today.
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This article ‘You’re Not Going to Hit Every Shot,’ Mark Cuban Says After Missing Out on Big Deal Simply Because He Hates Golf originally appeared on Benzinga.com
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