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Mark Cuban funded college tuition with a dorm-room 'scam'

By PulseAugur Editorial · [1 sources] ·

Mark Cuban has revealed that he funded his junior year of college by orchestrating a "scam" in his dorm room. He created a $50 chain letter, convincing individuals to pay him with the promise that their money would move up the list and eventually return more than they invested. While acknowledging it was essentially a Ponzi scheme, Cuban ensured his friends received their money back and successfully used the funds to cover his tuition. This early entrepreneurial endeavor mirrors his later success in business, including co-founding Broadcast.com, which he sold to Yahoo for $5.7 billion. AI

RANK_REASON The article discusses a past anecdote from a public figure's life, rather than a current event or development in the AI industry.

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Mark Cuban funded college tuition with a dorm-room 'scam'

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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Sydney Lake ·

    Mark Cuban is worth $10 billion—but in college, he paid for junior year with a dorm-room chain letter he admits was ‘basically a scam’

    Cuban, who grew up in a working-class family, says his early hustles laid the groundwork for a career that took him from a crowded Dallas apartment to billionaire status.

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