HIBT Lab! Mark Cuban Cost Plus Drug Company: Mark Cuban

How I Built This with Guy Raz

Guy Raz | Wondery

Business

4.8 • 31.1K Ratings

🗓️ 16 June 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Serial entrepreneur Mark Cuban was one of the very first guests on How I Built This, way back in 2016. Mark has been founding and investing in startups for decades, but he’s never put his name on a company until now.

This week on How I Built This Lab, Mark joins Guy to talk about what he’s been up to since he was last on the show. They discuss his interest in NFTs and how his latest business, the Mark Cuban Cost Plus Drug Company, is looking to disrupt the pharmaceutical industry.

Listen to Mark’s original How I Built This episode: https://wondery.com/shows/how-i-built-this/episode/10386-serial-entrepreneur-mark-cuban/

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Transcript

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0:00.0	Hey, Prime Members, you can listen to how I built this early and ad-free on Amazon Music.
0:07.0	Download the app today!
0:10.3	Hello and welcome to How I Built This Lab.
0:13.1	I'm Guy Ross.
0:14.5	This is the place where we experiment with ideas and stories you might not hear on our
0:19.6	Monday episode.
0:21.3	And it's a chance to find out what happened to some of the entrepreneurs I've interviewed
0:24.4	on the show in the past, including today's guest, Mark Cuban.
0:29.1	Mark was on the show back in 2016 and he told us the story of how he went from bartending
0:34.0	in Dallas to building a media company to eventually owning the Dallas Mavericks.
0:39.6	And if you haven't heard that episode of How I Built This, please go and listen.
0:43.4	We'll put a link in the show notes.
0:45.6	A couple of years ago, Mark got a cold, pitch email from a radiologist who was trying
0:50.6	to shake up the prescription drug industry.
0:54.1	The idea intrigued Mark so much that he joined forces with that radiologist to create his
0:59.4	newest company.
1:00.4	It's called the Mark Cuban Cost Plus Drug Company, or MCCPTC, a mouthful, and there's a
1:08.2	story behind the name which Mark will explain.
1:11.4	The company wants to upend the pharmaceutical industry by drastically reducing the cost
1:16.4	of prescription drugs.
1:18.1	And so far, it's managed to sign up more than a quarter of a million customers who now
1:22.4	have access to hundreds of generic drugs.
	...

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