Podcast Notes Key Takeaways

• “You got to be agile, you got to be resilient…it’s not going to be easy…aggressiveness, hustle, grind, those are going traits of small businesses that do well”
• The customer acquisition cost across social media channels (Twitter, Google, Facebook) have dropped across the board so if you can afford to spend it’s a great time to buy ads
  • “If you have that confidence in your product and your service, go…put the pedal to the metal and don’t stop til you get where you’re heading” – Mark Cuban
• “For capitalism to continue to thrive when we come out of this, it’s going to have to be a lot more compassionate. You’re going to have to put employees first, you’re going to have to put shareholders last and that’s going to be good for business.” 
  • How you treat your employees and customers during this crisis will define your company brand forever!
  • If you’re low on cash, consider paying your employees with equity
• If the government provides a company with a bailout, it should be seen as an investment, not a gift
  • “I want something in return…the American taxpayers deserve that” – Mark Cuban
• The news needs to talk more about good things such as innovative businesses, new products that are being created, what people want to do once this is over, etc.
  • “I want to hear about those visions because goddamnit if we went through all this shit, I want it to be for something”

Mark Cuban is a billionaire entrepreneur and investor. He is the owner of the NBA's Dallas Mavericks and chairman of AXS TV. He is also one of the main "shark" investors on the ABC reality television series, Shark Tank. In this conversation, Anthony and Mark discuss the current economic and health crises, the subsequent monetary policy decisions, how various asset classes will perform, what small businesses are doing to survive, whether corporations should receive bailouts, what privacy concerns people should be aware of, what will happen in the NBA, and what Mark's plan for the United States would be as President. 

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