Mark Cuban#290
Mark Cuban reveals how he kept the http://Broadcast.com sale from becoming a dot-com disaster:
"Yahoo paid $5.7 billion. It was all stock. It wasn't cash."
"I did this thing called hedging."
Most people remember the headline. The clip is about surviving the headline.
@mcuban
@aerockrose I have maybe $250 a month that I can trade stocks. Can you tell me how to become a Millionaire with this investment?
Apparently, this type of transaction then and now typically includes a prohibition on hedging it. Cuban, working with very smart bankers I assume, found ways to hegde it that avoided whatever prohibitions he had agreed to. For his troubles, he ended up a billionaire afer the dot com bust while many, many others did not.
Mark Cuban#290Mark Cuban reveals how he kept the http://Broadcast.com sale from becoming a dot-com disaster:
"Yahoo paid $5.7 billion. It was all stock. It wasn't cash."
"I did this thing called hedging."
Most people remember the headline. The clip is about surviving the headline.
@mcuban