I'm really glad I read this. I thought from the headline that it meant he wanted the sharks to have more wiggle room to get out of deals made on the show, or something similar that would make me think less of Cuban.
I couldn't have been more wrong. This is great for entrepreneurs. Giving up five percent just for the chance to make a deal is BS. Giving it up to a TV production company is even more BS. I greatly admire and respect Cuban for having the guts to stand up for these startups. (And it really does turn out to be in his interest too -- smart founders should balk at having to give up five percent just to appear on the show!)
I couldn't have been more wrong. This is great for entrepreneurs. Giving up five percent just for the chance to make a deal is BS. Giving it up to a TV production company is even more BS. I greatly admire and respect Cuban for having the guts to stand up for these startups. (And it really does turn out to be in his interest too -- smart founders should balk at having to give up five percent just to appear on the show!)