What Would Make Mark Cuban 'Combust' If He Ran Box
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 entrepreneur, 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, 2014
According to its filing with the Securities and Exchange Commission, Box lost $168 million last year.