The key is having great players. But there are a lot of teams that have All-Stars and haven't been able to put it together.

You always have to know what business you are in. Everybody thought we were in the basketball business. It's an NBA-team; we are not in the basketball business. We are in the business of creating experiences and memories.

Most people think money is the key to reducing risk. Prepartion is.

Every kid thinks they have something special about themselves. Every adult thinks they have a big idea at some point in their life. Rather than pursue every thing they possibly can to prepare themselves to enable their idea or special talent, they tend to wing it and make excuses.

YouTube has gotten so big that you're not a standard unless YouTube adopts you. And that's a big fight.

One of the biggest mistakes entrepreneurs make is that we lie to ourselves. We don't step back and look at ourselves like a competitor would.

The reason I do Shark Tank isn't to try take make more money of the deals, even though every deal I want to make money off of and even more so I want the entrepreneurs to be very successful and make money, but Shark Tank sends a message to everybody that the American Dream is alive and well.