Mark Cuban Gets Another Exit as Revision3 Sells to Discovery

Dallas Mavericks owner and prolific tech investor Mark Cuban can put another notch in his belt.

Web television network Revision3 just sold to Discovery Communications (parent of the Discovery Channel) for $30 million. Cuban had invested an undisclosed amount in the company in 2010.

The investment was interesting to the tech community because Cuban had spoken out against the expectations of web video and that it never really would replace traditional TV.

According to a piece in AllThingsD, the investment didn’t represent a change in tune, but rather that he was simply investing in potential content for his tv network, HDnet.

In any case, hopefully Mark made a decent return on his investment… and Mark, if you’re reading, we’d love to get you more involved in the Dallas startup community!

*photo credit:*

  • Bradley is the founder of LAUNCH DFW and an avid proponent/supporter of the DFW Startup Community. Bradley is also the founder of Skyrise, a community, communications and concierge platform for commercial office buildings.

You May Also Like

Local Lawyer Posts SAFE Update, Sees More Favorable Terms

In December of 2013, local startup lawyer Ryan Roberts (Disclaimer: Ryan is an stakeholder ...

BigDNT: Wing Ware

Wing Ware is a Dallas start up that is improving the safety and reliability ...

Dallas: Tech’s Comeback Kid recently posted a story about Dallas’ return to an entrepreneurial hub. If you’ve ...