*In a recent interview, Mark Cuban revealed that he regrets not investing in Uber when the opportunity arose.
During his appearance on Kevin Hart’s Hart to Hart show on Peacock, Cuban revealed he was offered a $10 million valuation by Uber co-founder Travis Kalanick in 2009 but turned it down because he wasn’t convinced the company was worth that much.
“He comes to me, like, first off [and says]: ’I’ve got this thing. It’s going to replace taxi cabs…I was like, ‘I love it,’” Cuban told Hart, Complex reports. “I said, ‘I’ll do it at [a]$5 million valuation…’ for Uber! [Kalanick] never came back to me. He got somebody else. Whoops.”
Cuban, who is worth an estimated $5.1 billion, added, “Just think: If I would’ve given him $250,000 on a [$10 million] valuation, it’d be billions.”
Mark Cuban – GettyImages-1187647226-1024×683
He would have earned $2.25 billion today if he had invested that $250,000 into Uber.
“I mean, I’ve done OK. But, still,” said Cuban.
Hart also turned down an offer to invest in Uber. The comedian claims a $75,000 investment could have made him “$100-plus million.”
Scroll up to watch Mark Cuban’s full conversation with Kevin Hart via the YouTube clip above.
Last year, the Dallas Mavericks owner launched a low-cost online pharmacy.
As EUR reported, the “Mark Cuban Cost Plus Drug Company” (MCCPDC) vows to be an online pharmacy that is “radically transparent” regarding price negotiations with drug companies.
“We will do whatever it takes to get affordable pharmaceuticals to patients,” Alex Oshmyansky, CEO of Mark Cuban Cost Plus Drug, said. “The markup on potentially lifesaving drugs that people depend on is a problem that can’t be ignored. It is imperative that we take action and help expand access to these medications for those who need them most.”
READ MORE: Mark Cuban to Launch Online Pharmacy with Generic Drugs at Affordable Prices
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