Mark Cuban

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I’m not alone in thinking Mark Cuban a strange, unsavory guy who fell ass-backwards into wealth during Web 1.0 and somehow thinks that qualifies him as an expert on all things. Only in America.

That being said, he’s probably no more foolish or crass than most of the candidates running for President. In a recent blog post, the Mavericks’ owner said a lot of obvious things as if they were bolts of lightning from the heavens that only he has received, but then again, even basic wisdom is missing from Trump, Carson, etc. Cuban certainly is right that the average candidate has little knowledge of technology beyond 140 characters. A couple of excerpts::

2. SocioCapitalism is and has been Capitalism for Millennials. You haven’t been paying attention. Bernie has.

If you watch Shark Tank  you may have noticed a trend.  Entrepreneurs don’t just want to make a profit, they want to make a profit and share their success with those less fortunate.  I first saw this in the mid 90’s when Rob Glaser founded Progressive Networks and promised 5 pct of their profits to those less fortunate.

We saw this type of philanthropy gain interest with Tom’s Shoes and their One for One program.

Today, charitable give aways, or inclusive hiring  as part of a product or service purchase is more than just common place. We see it on Shark Tank in almost every pitch from a 20-something entrepreneur. Several of my recent Shark Tank deals reflect this trend, RRiveterCombat Flip FlopsLiving Christmas Trees to name just a few.

Not only are 20-something entrepreneurs starting companies with a social component , 20 – Something consumers are EXPECTING a social component from companies they do business with.

So how can it be a surprise that Millennials are excited about Bernie Sanders ? Millennials EXPECT capitalism to reflect a socialist element.  I don’t think Bernie knew this going in. Either way, any candidate that expects to get millennial votes needs to understand that your father’s capitalism is not what how they understand the world.  Soci0-Capitalism is who they are and what this country will be. Whether you like it or not.  

To each according to their ability, from each support for those in need.

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4. It’s a problem that all the candidates appear to be technologically illiterate.

Using or not using email, being on social media, neither reflect a knowledge of technology.  No one is saying they have to be hard core geeks, but the future of this country, our jobs, economy, security, culture, lifestyle and more are intertwined with advanced technology. How can you hope to strategize and create solutions to issues we face without having more than a basic understanding of technology?

Wars won’t be fought with bombs and bullets as much as bytes and advanced technologies. Homeland security will be much more about machine vision, learning and Artificial Intelligence than walls.  The future of healthcare and its cost will be much more about personalized medicine and CRISPR than trying to defund Obamacare. Do our candidates realize that when it comes to hacking, there are only 2 kinds of  companies and government agencies, those who have been hacked, and those who don’t know they have been hacked ? And what about our stock markets  ? Does anyone understand what is going on in the markets and how technology has completely upended companies ability to raise capital publicly and undermined the confidence our citizens have in our markets ? Financial terrorism is more than just a possibility.

This isn’t about the age of the candidates. It’s about their knowledge. None has given us any reason to believe they could make a decision on the technology used by a tiny business let alone the country.

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"He sold trash bags door to door at age 12, and later earned $25 an hour teaching disco moves at a sorority house." (Image by James Duncan Davidson/O'Reilly Media, Inc.)

From “Dan Rather: Inside Mark Cuban’s Gilded Cage,” Jim Rendon’s excellent new Mother Jones article:

“He grew up in a middle-class Pittsburgh suburb, where he sold trash bags door to door at age 12, and later earned $25 an hour teaching disco moves at a sorority house. During college at Indiana University, he opened a bar, and upon graduating he followed his school buddies in pursuit of ‘fun, sun, money, and women’ to Dallas, where he taught himself to write code. In 1990, Cuban sold his first real business play, a computer consulting firm, for $6 million. He also launched and sold a hedge fund and relocated to Los Angeles, where, with less success, he tried his hand at acting. (Some recent cameos on HBO’s Entourage compelled the Wall Street Journal to jeer that Mark Cuban wasn’t even believable as Mark Cuban.)

In 1995, Cuban and his friend Todd Wagner launched Broadcast.com, which put audio and video of sports online. Four years later, at the height of dot-com mania, they sold it to Yahoo for $5.7 billion in stock—Cuban pocketed more than $1 billion. ‘I am the luckiest motherfucker in the world,’ he says. ‘It’s like I tell people, ‘When I die, I want to come back as me.'”

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