Mark Cuban's recent comments about race and people's general stereotyping of everyone they see was meant to open up dialogue about a touchy subject, but instead has put the billionaire in hot water.

In a recent interview with Inc Magazine, Cuban said, "We're all prejudiced in one way or another." He then made the statement that has everyone up in arms, as what he said is reminiscent of Trayvon Martin.

"If I see a black kid in a hoodie, and it's late at night, I'm walking to the other side of the street. If on that side of the street there's a guy that has tattoos all over his face - white guy, bald head, tattoos everywhere - I'm walking back to the other side of the street."

Cuban's remarks were good intentioned but the delivery and examples he used were deemed in poor choice by a lot of people. He later took to Twitter to apologize.

"In hindsight I should have used different examples. I didn't consider the Trayvon Martin family, and I apologize to them for that. Beyond apologizing to the Martin family, I stand by the words and the substance of the interview," Cuban wrote. "I think that helping people improve their lives, helping people engage with people they may fear or not understand, and helping people realize that while we all may have our prejudices and bigotries, we have to learn that it's an issue that we have to control. that it's part of my responsibility as an entrepreneur to try to solve it."

Cuban's comments were made on the heels of Donald Sterling's racist rant. As a fellow NBA team owner, Cuban was very close to the situation and actually has a say in what happens to the Los Angeles Clippers owner.

The Dallas Mavericks owner explained that there are stereotypes that everyone is afraid of, and will react differently to. He notes that because these things exist he tries not to be hypocritical. "I know I live in a glass house, so it's not appropriate to throw stones."

He then further elaborated, "I know that I'm not perfect...While we all have our prejudices and bigotries, we have to learn that it's an issue that we have to control, that it's part of my responsibility as an entrepreneur to try to solve it, not just to kick the problem down the road."

The outspoken basketball team owner said when he encounters bigotry in the workplace he wants to help that person and try and rehabilitate them to have a better understanding of people. He feels that if he kicks them to the curb there will be no lesson or them growing as a person.

Cuban believes NBA commissioner Adam Silver made the right move in banning and fining Sterling. "I think Adam had to do it. There's a lot at stake for the NBA--it has to be a leader in the culture... but it's a slippery slope, " he said. "You can't keep that ugliness out of the league. There's no law against stupid--I learned that a long time ago."

Cuban is a self-made billionaire, and started his first business while in college. He hit it big when he sold his $500 start-up software company Micro Solutions for $6 million. He is also currently a "Shark" on ABC's entrepreneurial show, "Shark Tank."