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My First Million

Martin Shkreli Reveals How He Made His First $100M

My First Million

Hubspot

Business, Entrepreneurship, Investing

4.7 • 2.9K Ratings

šŸ—“ļø 20 April 2023

ā±ļø 105 minutes

šŸ§¾ļø Download transcript

Summary

Episode 445: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk with Martin Shkreli (@marty_catboy), aka "the most hated man in America", about how he got started in pharma, his logic behind raising the price of Daraprim, why he spent time in prison, and what business he's starting now. Vote for MFM to win a Webby: mfmpod.com/webby Click here to sign up for our event in Austin, TX on Saturday April 29th: mfmpod.com/atx Want to see more MFM? Subscribe to the MFM YouTube channel here. Check Out Sam's Stuff: * Hampton * Ideation Bootcamp * Copy That Check Out Shaan's Stuff: * Power Writing Course * Daily Newsletter ----- Links: *Dr. Gupta AI *@martinshkreli15 (Instagram) * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. ------ Show Notes: (00:30) - Intro to Martin Shkreli (02:10) - When Martin worked with Jim Cramer (23:00) - How he turned $2M into $1B in pharma (35:40) - Why did you jack up the price of the drugs? (54:20) - What do you do with your money? (01:00:33) - The Fun Strikes Back Movement (01:08:30) - Introducing Martin's New Company: Dr. Gupta AI (01:33:50) - Who are your heroes? ------ Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

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0:00.0

Yep, PubMed is the government database of all scholastic biomedical literature.

0:04.4

So 36 million papers.

0:06.4

If you sit there long enough and you have the passion, you can become a billionaire.

0:09.7

It's just a matter of sitting there and sifting and sifting and sifting, which most people do

0:13.6

don't have the patience, desire or willpower to do. But every single biomedical innovation is

0:19.7

logged in on PubMed.

0:30.0

What's up? We just had a conversation with Martin Schreley. If you don't know who he is,

0:33.2

you can just google his name and you'll find that he is, quote unquote, the most hated man in

0:37.3

America or he is the farm of bro. And he's, you know, he touched just kind of a bunch of different

0:41.9

things, you know, the bingo card for my first million. He's made hundreds of millions of dollars.

0:46.8

He's super controversial and some people love him, some people hate him. He went to prison for

0:51.7

something that he did with his hedge fund. And he comes on here and he tells us a bunch of things.

0:56.1

He tells us how he made his first million. He gave his side of the story on why he bought that

1:01.9

drug and raised the price and why maybe it wasn't so evil as it was portrayed. Why he hates sort of

1:08.5

vanilla CEOs that just only speak and corporate speak and why he refuses to do that. Why he thinks

1:14.3

Mark Cuban is full of shit. He also unveils his new startup in the AI space for the first time ever.

1:20.0

So a pretty interesting conversation with Martin. He is one thing. He's not boring.

1:25.4

You will look, I think we can all agree on that. Some people love him. Some people hate him.

1:29.6

I think you see in this episode, you can see a couple different sides of them. And so I'm curious

1:32.7

to hear what you guys think. I would love for you to put in the comments whether you love this episode,

1:36.6

you hated this episode or somewhere in between. And, you know, we always commit that on this pod,

1:41.8

you know, when we bring people on, we're not saying this is the best person ever or the worst.

...

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