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CVS Announces A New Drug-Pricing Model Following The 'Pressure' From Models Like Mark Cuban's Affordable Online Pharmacy, Report Says

At the top of 2022, Mark Cuban first announced the launch of The Cost Plus Drug Company. As previously shared by AFROTECH, the online pharmacy sells generic drugs such as those for HIV, birth control, migraines, and more, at affordable prices. Additionally, no intellectual property deals or insurance companies are involved, and consumers pay with all cash for the medication based on what it costs to make and an additional 15% to cover overhead.

Dec 6, 2023

Ghanaian Entrepreneur Selom Agbitor Is The Co-Founder Of A Natural Tattoo Care Brand With A $56M Valuation

Selom Agbitor is behind a company that started as a side hustle and transformed into selling in Walmart stores across the U.S.

Nov 16, 2023

Black-Owned Wondry Quadruples Sales To $1.1M Less Than 1 Year After Being Backed By Mark Cuban On 'Shark Tank'

Couple-turned-founders Whitney and Chaz Gates experienced overnight success following their appearance on “Shark Tank.”

Nov 14, 2023

Kevin Hart Turned Down Investing $50K-$75K In Uber, Which He Says Would Have Been Valued At Over $100M Today

Sometimes a hidden gem slips through the cracks in the investment world. This was the case for Kevin Hart.

Sep 6, 2023

After Landing A $225K Investment From Mark Cuban On 'Shark Tank,' Couple Inks Deal With Leading Distributor In The Spirits Industry

Whitney and Chaz Gates are a powerhouse couple who make up less than one percent of Black winemakers. The duo leads WONDRY, a wine company that caught the attention of billionaire entrepreneur Mark Cuban during ABC’s “Shark Tank.”

Jan 24, 2023

LeBron James, Questlove, John Legend Among Investors In $12M Funding Round For Climate-Conscious Company Neutral Foods

LeBron James has recently made yet another climate-conscious investment. Back in April, AfroTech reported that alongside Drake and Maverick Carter, the NBA superstar participated in a funding round for Palmetto — a clean energy startup. Now, he has invested in a company that is working to fight climate change by reducing the carbon footprint of agriculture.

Sep 8, 2022

Black-Owned Sea Moss Brand Lands Joint Offer From Kevin Hart, Mark Cuban For $600K After Rejecting Offers From Other 'Sharks'

Kevin Hart reprised his role as a “shark” on ABC’s popular television show, “Shark Tank,” flexing his investing prowess. During the season finale, the actor and comedian partnered with long-time shark and owner of the Dallas Mavericks, Mark Cuban, to make a $600,000 deal.

Jun 1, 2022

Billionaire Mark Cuban's New Online Pharmacy Could Serve As A Game-Changer For The Underserved

Mark Cuban has set ablaze a game-changer in the pharmaceutical supply chain that many lives will benefit from. TechCrunch reports that the billionaire recently announced the launch of The Cost Plus Drug Company, his online pharmacy that aims to offer affordable prices for generic drugs. If you are looking for lower pricing on your generic drug purchases, go to https://t.co/LYIIV9Pqzd and sign up ! All drugs are priced at cost plus 15% ! Sign up and share your thoughts and experiences with us ! https://t.co/bFXCMccmvy — Mark Cuban (@mcuban) January 20, 2022 Mark Cuban is known for always being ten steps ahead with his business moves, and his latest move could serve as a vital resource for underserved communities as the online pharmacy isn’t necessarily for the entrepreneur’s gain. It’s ultimately for the benefit of the masses. “I want to be above break even while maximizing the number of people who can afford their medications,” he told the outlet. “Shoot. I would be happy if we can...

Jan 25, 2022

19-Year-Old Tania Speaks Walks Away With A $400K Investment Deal On 'Shark Tank'

Imagine going from being bullied at school to using it as fuel to create your own business, and then to top it off, pitching to arguably one of the toughest investors panels. It’s the story behind young entrepreneur Tania Speaks and her beauty brand, Tania Speaks Organic Skincare. The 19-year-old landed the opportunity to be on ABC’s “Shark Tank” and walked away with a deal with Mark Cuban, according to Meaww.

Jan 24, 2022

Deborah Torres Rejected A $1M 'Shark Tank' Offer, But Here’s Why She Was Better Off Without It

When it comes to moving with intention, Deborah Torres could write a book or two! The founder of Atlas Monroe — a vegan fried chicken company — is on its way to becoming the largest manufacturer of deep-fried vegan chicken across the globe even after turning down a $1 million offer on ABC’s “Shark Tank.” That’s right, Torres has maintained 100 percent ownership of the company since she appeared on the episode back in 2019. In an exclusive email interview with AfroTech, Torres explained how the “Shark Tank” decision actually took a toll on her. “My Shark Tank experience rocked me to the core,” explained Torres. “I was not nervous. I was surprised and disappointed that they withdrew the first offer. ” During her experience, Torres notes how while the entrepreneurial-themed reality television show recognized her company’s worth, they refused to truly see her individual worth. “Anyone that knows me knows that I am a genuine, down-to-earth, upfront kind of person who is determined,...

May 19, 2021

Mark Cuban Wants the $100B Left in PPP Funding to go Toward Black-Owned Businesses

Dallas Mavericks owner and entrepreneur, Mark Cuban, recently took to his Twitter to offer a helping hand for Black-owned and women-led businesses who were shut out of the federal Payment Protection Program (PPP). Cuban tweeted on Wednesday, calling for businesses led by people of color and women to share their stories of being locked out of PPP funding. If you are a minority or woman owned, or any company that believes you are eligible for a PPP loan, but have not been approved, please post an overview of your status here and I will do my best to connect you to a bank. There is still more than $100B left. Let's get that money — Mark Cuban (@mcuban) May 20, 2020 Cuban revealed that $100 billion worth of funding is left, and banks are eager to earn the 5 percent from PPP loan disbursements in the Twitter thread. https://twitter.com/mcuban/status/1263126195668910083 Cuban’s effort to connect Black-owned businesses with legit banking institutions isn’t his first stance against the...

May 21, 2020