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Comment by sean_patel | Hacker News Reader

Still, how do "Mark Cuban and Shark Tank" get screwed? It's foolish to expect the producers to look at domain name registrations and LLCs and all that. I am guessing that once a pitcher gets a commitment for funding, that lawyers from the individual investors will do due diligence, and if anything Hillary (founder of style club) gets in trouble and gets told that she cannot take the investment from Mark Cuban. In which case, they don't technically get "screwed", they just lose out on 1 of the 100s of startups they invest in every year... big deal.

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They also waste their time airing a show with a false premise showcasing someone who is potentially doing something very dishonest. You can't just take a bunch of VCs' capital and develop business XYZ, then dump them and open up XYZ.1 that does the same thing while cutting out the VC's. So Mark's getting screwed by wasting his time with someone who doesn't own the rights to her own startup.

Exactly. Cuban and Shark Tank will still be able to back out of this deal and stay squeaky clean, assuming Howard Marks' story holds up.

The parties who will get screwed are The Style Club (more specifically the CEO), and Marks, who should have kept quiet and let her make the company a huge success with Cuban's help before coming forward with the dirt. He had the nut hole card but he flashed it too early.

> He had the nut hole card

ROFL. What's a Nut-hole Card? Hope it's not what I think it is lol.

You are right. I'd have held out and seen if it's a huge success and then enforce the agreement. Revenge is best served cold.

Poker analogy: the nut is the one card that forms the best possible hand out of the shared cards on the table. Having the nut card in the hole means you have it in your hidden cards. When you're in this position, you know you're going to win the hand but the other players do not and your goal is to get them to bid as much as possible on the hand without tipping them off that you know you will win it.

It's a Texas Hold'em reference. The "nuts" is the ultimate best hand for a given flop. Such as the 4th ace if three are already on the board (without a straight flush possibility).

It's a poker term.

The 'nut' is the best possible hand in a given deal.

The 'hole card' is the face-down card only the player knows.

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