What Would Make Mark Cuban 'Combust' If He Ran Box The billionaire investor is dishing some pointed advice to Box, which he helped get off the ground.
By Ray Hennessey Edited by Dan Bova
Opinions expressed by BIZ Experiences contributors are their own.
Mark Cuban is dishing out a little advice for Box in advance of its IPO: Focus on the financials.
Box, the content-collaboration company, filed to go public last night, and the deal could fetch the company a valuation of $2 billion.
Cuban, the billionaire investor and BIZ Experiences, was Box's first outside investor back in 2005. But a change in strategy at the company made him sell his stake about a year later.
Despite missing out on what could have been a nice payday when the company holds its initial public offering, Cuban seems unperturbed -- on Twitter at least -- and is warning about focusing on results.
I wish @BoxHQ the best but I would combust if 8 years in I was responsible for $169mm in losses against less revs.I hope IPO gets them going
— Mark Cuban (@mcuban) March 25, 2014According to its filing with the Securities and Exchange Commission, Box lost $168 million last year.
