Smash Notes

Back to Mark Cuban on Why AI Could Turn Solo Founders Into Trillionaires, with Mark Cuban & Erik Torenberg.

What Is Cost Plus Drugs?

Mark Cuban launched CostPlusDrugs.com on January 19, 2022 with 111 generic medications and no idea what demand would look like. Talking about the site made it blow up, manufacturers widened their portfolios, and the catalog now holds about 4,000 products, with the business up and to the right every week. The hardest job is keeping up.

Same-day pickup needed a second offer, TeamCubanCard.com, a discount card Mark Cuban says he did not name. It works at 17,000 affiliated pharmacies. Affiliate pharmacies get a $12 fill fee, so a $5 statin plus $12 is cheaper somewhere else, though buyers can still use an independent pharmacy for the cheap drugs. Specialty generics and biosimilars are much cheaper, and biosimilars and insulin that need cold shipping cost less when picked up locally.

Dallas manufacturing makes generic drugs on the FDA short-supply list, including pediatric cancer drugs, Pitocin, and epinephrine for hospitals. AI and robotics shrank a football-field plant into 5,000 square feet and turn a drug every four hours: a six-month supply, then the next drug. Hospitals and clinics buy the output. Five years of the same robotics and AI now fit in pods the size of a tractor trailer that ship anywhere. The government was the first customer. The first pod went out recently, a second is on order, and more follow, so an ecological disaster can get one sent to FEMA if FEMA is around.

Grokipedia·Mark Cuban

Transcript

Mark Cuban on Why AI Could Turn Solo Founders Into Trillionaires ·

a16z

More from this episode

  1. How Should an Employer Check a Benefits Contract With AI?Mark Cuban tells employers to run every benefits contract through AI before they sign it.
  2. How Does Cost Plus Drugs Make Generics Cheaper Than India?Mark Cuban says Cost Plus Drugs can make tableted generic drugs in Dallas, Texas for less than it pays partner manufacturers in India, using manufacturing…
  3. Does AI Replace Jobs?Mark Cuban says the healthcare workforce looks the same as any other industry, and AI does not replace jobs.
  4. Will There Be a Trillionaire in the Basement?Mark Cuban says there will be the trillionaire in the basement, and that there is no better time to be an entrepreneur than right now.
  5. What Is Agentfeeds.dev Used for?Mark Cuban built agentfeeds.dev with one of the guys at his company so an agent can take in social-post transcripts and ad information it cannot see on its own.
  6. What Is a Nonprofit Hospital Financial Assistance Plan?Mark Cuban says a nonprofit hospital financial assistance plan is a program every nonprofit hospital has to have, and consumers get the greatest benefit when…
  7. What Happens to the Price of a Drug Designed for One Person?Mark Cuban says the cost of designing a drug for one person, after a model reviews that person's DNA, will start approaching zero as models get more capable.
  8. Will AI Replace Doctors?Mark Cuban says doctors should not be replaced, and he does not think they ever will be.
  9. Will Companies That Are Not Great at AI Go Out of Business?Mark Cuban says there will be two types of companies: companies great at AI, and companies that have gone out of business. People split the same way.

People

More answers like this

More with Mark Cuban

More with Erik Torenberg

Related episodes

Plays from this note through the rest of the episode.

Weekly highlights

One letter a week.

The notes worth hearing, with the minute they were said.