Mark Cuban Explains How Luck Helped Turn Jeff Bezos And Mark Zuckerberg Into Billionaires — 'Something Good Has Got to Happen'

Entrepreneur Mark Cuban is 1 of the fewer billionaires who doesn't unreal it was each grit and genius. He's said it repeatedly: Luck plays a cardinal relation successful gathering monolithic wealth.

Speaking connected machine scientist Lex Fridman's podcast, Cuban said that aft years successful entrepreneurship, helium doesn't judge immoderate concern program tin warrant billionaire status. He said if helium had to commencement over, reaching $1 cardinal would beryllium doable, but becoming a billionaire is simply a antithetic ballgame, wherever timing and trends person to align.

"If I had to commencement each over, could I commencement a institution that made maine a millionaire?" Cuban said. "Yeah, due to the fact that I cognize however to merchantability and I cognize exertion and I’ve learned capable implicit the years to bash that. But a billion, conscionable thing bully has got to happen."

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Fridman argued that portion luck matters, decisions and effort tin signifier the way to monolithic wealth. He said Amazon.com Inc. (NASDAQ:AMZN) laminitis Jeff Bezos made astute moves implicit galore years to physique the e-commerce giant. Cuban, however, said what yet pushed Bezos past a definite threshold was thing else.

"He was truly capable to rise money, right?" Cuban said. "A batch of money. And radical were truly dismissive of him due to the fact that they weren’t profitable. And we were successful an situation wherever it was imaginable to rise that money."

Fridman besides mentioned different billionaires whose products made them hugely successful, including Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk and Microsoft Corp. (NASDAQ:MSFT) co-founder Bill Gates.

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Cuban specifically talked astir Zuckerberg, saying Facebook's emergence was mostly astir timing. He said apps did not instantly instrumentality disconnected erstwhile the iPhone launched successful 2007 but surged successful 2011 and 2012. He besides noted that aft the 2004 tech bubble burst, machine prices fell, putting laptops wrong scope for much students.

"If helium had tried to bash thing similar that, you know, 5 years earlier oregon 5 years later, Friendster might’ve been the ultimate, oregon MySpace," Cuban said. "I had a MySpace account, and that was earlier Facebook."