Mark Cuban: Web 1.0’s Richie Rich needs some respect: Funny anecdote in this profile of Mark Cuban (which is pretty interesting in and of itself).
Broadcast.com’s 1998 IPO was a smash. The stock was priced at $18 a share, but it climbed to $62 at the end of the first day. Cuban and Wagner spent the afternoon at a Wall Street bar, drinking shots every time Lou Dobbs mentioned the company’s name on CNN.
“That was a lot of shots,” Cuban happily remembers. “We were toasted.” He was also $85 million richer.