"Nobody knew what streaming was"- When Shark Tank's Mark Cuban opened up about his first venture AudioNet

Shark Tank investor Mark Cuban, the 66-year-old billionaire, is still striving to bring new ideas and innovation to the forefront. With his latest venture, Cost Plus Drug, he has dipped his toes into the pharma industry to revolutionize the availability and cost of drugs and medications.

In his early days, Cuban took a long-shot risk when he was just starting to learn the ways of the business world. Starting young as a door-to-door garbage bag seller, Mark Cuban learned the art of selling wisely and understanding customers. His path to success has been the ideal combination of hard work and luck—or at least, that's what he thinks.

During a podcast with actor, comedian, and YouTuber Theo Von, the Shark Tank investor opened up about how luck played a crucial role in turning his first venture into a success.

Mark Cuban unabashedly mentioned that to have a "B" next to your name, signifying billionaire status, one must have "a lot of luck." Elaborating on the same, Cuban explained how his first streaming company, AudioNet, took off immediately because of its timing. Cuban said:

"I started the first streaming company which would have been cool but it happened right at the time the Internet stock market was blowing up if the Internet stock market wasn't blowing up at the same time you'd have no idea who I am. It was the first streaming company, called AudioNet we started in 1995 when nobody knew what streaming was right we called internet broadcasting."

Here is how the Shark Tank investor Mark Cuban "crushed it" with his first streaming company

With a small setup in his second room, the Shark Tank investor began his first venture, AudioNet, a streaming platform for all types of news and updates from Dallas. Speaking about how he made it big with the company, Mark told Theo Von that in 1995, nobody knew what streaming was, so he introduced it to people.

He explained the company's setup, mentioning how he used a connection from a local radio station to sync his PC for the streaming platform. He later added a video feature to the platform and changed the name to Broadcast.com in 1998, which became the biggest "IPO in the history of the stock market."

The Shark Tank investor proudly boasted that they were the first to stream any sports available to watch and remarked:

"we were legit we were YouTube before YouTube."

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Shark Tank Season 16 airs on ABC Network.

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