Mark Cuban's Missed Opportunity: Turning Down a $250,000 Uber Investment that Skyrocketed to $2.3 Billion
TL;DR Summary
Billionaire Mark Cuban regrets rejecting an offer to invest $250,000 in Uber in 2009, which would now be worth $2.3 billion. Cuban foresaw regulatory challenges for Uber but underestimated its ability to overcome them. Despite the missed opportunity, Cuban's net worth is estimated at over $5 billion. He encourages entrepreneurs with disruptive ideas to approach him, vowing not to make the same mistake twice. Cuban is not alone in passing up on lucrative opportunities, as Blockbuster famously declined to buy Netflix for $50 million.
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