.png)
1 week ago
17
Being from the cut-throat business industry, billion-dollar entrepreneur Mark Cuban is not known for mincing his words when it comes to striking deals on Shark Tank. Evidently, fans got a glimpse of Cuban’s temper when he came across the Stanford University alum and Revolights founder Kent Frankovich.
Businessman Mark Cuban in Shark Tank | image: ABC According to a heated clip, Mark Cuban can be seen chewing out Kent Frankovich for searching for better deals, despite being offered double of what he asked. Cuban even accused the entrepreneur of using the platform for his exposure, rather than striking a deal. However, the $5.7B rich businessman was eventually proven wrong about Frankovich’s intention.
Mark Cuban accused Kent Frankovich of using the Shark Tank platform for exposure
With sheer experience in the competitive business market, Sharks are often right about contestants who appear on the popular reality show. But it was back in 2014 when Stanford University graduate and founder of Revolights, Kent Frankovich, appeared on the show and put the $5.7B rich Mark Cuban in his place.
According to a clip shared on YouTube, Kent Frankovich had joined the show with an innovative smart lighting system for bicycles that provided a full range of visibility through LED ring mounts attached to the bike wheel’s rim. Demonstrating both creativity and utility, Frankovich thus sought for $150,000 investment for 10% of his company, Revolights.
Daymond John offered $300,000 for 30% of the business. Whereas Kevin O’Leary went for a royalty deal, willing to give $150,000 for a 7% royalty that would go down to 1% once he made back his investment. But among all, it was Robert Herjavec who saw the real value in Kent Frankovich’s product and offered $300,000 for 10%.
Entrepreneur and Revolights founder Kent Frankovich on Shark Tank | image: ABCHowever, despite Robert Herjavec’s compelling pitch, as Kent Frankovich put his offer on hold and began seeking better deals like an auction, it led Mark Cuban to unleash his fury on the entrepreneur. Accusing him of using the platform for his exposure rather than accepting an offer that was double the amount he initially sought, Cuban expressed frustration.
Unless you’re screwing with us, it makes no sense whatsoever. I think there’s no chance on God’s green earth that this deal could ever possibly close because you’d be an idiot among your friends to value this company at $1.5 million or even $3 million! So, it doesn’t add up.
This comment prompted Kevin O’Leary to ask Cuban,
Did you just insult him?
Mark Cuban,
Yeah! Because he’s insulting us.
After Mark Cuban called out Kent Frankovich for being a gold digger and accused him of using the platform for a publicity stunt, the entrepreneur stood firm, defending his strategy and vision for Revolights. That’s how Frankovich’s calm demeanor and refusal to back down hinted at a deeper confidence in his product and long-term goals.
Entrepreneur Kent Frankovich eventually proved Mark Cuban’s assumptions wrong
Mark Cuban Ina still from Shark Tank | image: ABC After being mocked and accused by Mark Cuban, who’s known for his brutal honesty, Kent Frankovich proved the businessman wrong. Openly challenging Cuban’s assumptions about his ulterior motives of being there on Shark Tank for exposure and how he was never going to close the deal on Robert Herjavec’s generous offer, Frankovich demonstrated his genuineness.
The Stanford University alum not only accepted Robert Herjavec’s offer of $300,000 for 10% of his company, but also successfully expanded the reach of his product over time. Meanwhile, although Mark Cuban’s critique had initially cast doubt on his motives, Frankovich’s determination to succeed ultimately spoke louder.
Shark Tank is currently available to watch on Disney+.
Bengali (BD) · 
English (US) ·