"the person who controls the algorithm controls the world right and if you are committed to one specific platform as your singular source of information or Affiliated platforms then whoever controls th..."

"cubin you've started many businesses invested in many businesses heard a lot of pitches privately and on Shark Tank so you're the perfect person to ask what makes a great entrepreneur somebody who's c..."

"what do you mean by selling selling is just helping I've always looked at it about putting myself in the shoes of another person and asking a simple question can I help this person can my product help..."

"what's what's the trick to selling garbage bags let's go back there 12 years old what I mean is it just your natural Charisma I guess a good question to ask are you born with it or can you develop it ..."

"sure there's a skill thing to it too in like how you solve the puzz of communicating with a person and convincing them yeah I mean there's skill from the perspective that I read like a maniac then lik..."

"if you're not a voracious consumer of information then you're not going to be able to keep up and no matter what your sales skills or ability are they're going to be useless what did you learn about l..."

"nice that said you also said that you when you were first starting a business you were a bit more of an asshole than you wish you would have been absolutely yeah yeah because I was more of a yeller I ..."

"was hard yeah for sure because you know there it's obviously a failure somewhere in the process you know what did we do wrong and when I would interview people for jobs I mean 99% of the people I've e..."

"was like look I'm I'm a lousy employee um I'm going to just start going to some of my prospects that I had in my my job and asked them to front the money that I needed to install some software and fou..."

"99% of the people some people look at that as an opportunity get excited about it some people get terrified because it's okay maybe I'm comfortable maybe I have responsibilities and so whatever your c..."

"always you know at night on weekends whenever you find time lunch start making the calls to find out if people will write you a check you know or transfer you money to buy whatever it is you're sellin..."

"an entrepreneur can trust that if they pull it off the law will protect them they won't hopefully that's still the case Yeah well yeah there's always uh yeah USS other countries you're right right so ..."

"discussions about what's the right way to do government big government small government what's the right policies what but also culture like who we celebrate one of the things that troubles me is that..."

"social media yeah we're trying to figure out how we deal with the with the mobs of people and the virality of it all and um I I think we'll find our footing and start celebrating greatness again well ..."

"even when the business idea is obviously horrible just just just the guts to step up to be there to believe in yourself to really reach I mean that's what matters I mean cuz like some of the best busi..."

"like spike ball do you know what spike ball is so it's just rebounding net that you can put on the beach and you have these yellow balls and you play a game of you know it's just a competitive game bu..."

"that makes the entrepreneur happy but then there's the valuation piece I mean right do do a lot of the entrepreneurs overvalue of course business yeah I mean that's that's the nature of it right I mea..."

"how do you know if a company's going to be uh acquired so it's the technology like the patents but also the team is it yeah it could be any of the above right it could be it could be a a super Product..."

"so strongly I mean there's a delusional aspect to entrepreneurship right like you just I I see that that's a great question um do you have to be ambitious and you know set aside reality at some level ..."

"especially in the beginning hopefully not so you think like in the beginning the product you have should be the thing that carries you a long time yeah because I mean that's that's your riskiest point..."

"did you make your first billion so my partner Todd Wagner and I um would get together for lunches and we were at California Pizza Kitchen in Preston Hollow in Dallas and he was talking about um how we..."

"on demand and that's how we started and it started with one one radio station and then it was five then it was 10 then it was video content then it um the laws were different then so we could um liter..."

"technology driven and marketing um the acquisition by Yahoo can you tell the story of that but also in the broader context of this internet bubble this is a fascinating part of human history yeah so s..."

"stock not cash and so I looked at I you know after micro Solutions um when I sold that um I took that money and initially I I told my broker I wanted to invest like a 60-year old man because I wanted ..."

"manufacturers they went up up up up up and then they came straight down after the hype or somebody just um Lea frogged and so when we sold to Yahoo um I was like I've got a be next to my name that's a..."

"top 10 trades of all time and what was even more interesting out of that period um my broker at that time was at Goldman Sachs and I had asked him to see if there was a way to trade Vic the vix right ..."

"probably the start of a bubble um but that said my my 14-year-old was bragging about buying Nvidia you know with me in in his Robinhood account he tells me the order I place it and he was like oh yeah..."

"life in general first of all I personally think that everything good that's ever happened to me is because of luck I think that's just a good way of being it's like uh you're grateful that said there'..."

"have the money available to you because it wasn't like whether it was Google or Facebook you know they raised a shitload of money it wasn't bootstrapping it that got them there and raising money is no..."

"success by the way thank you how do you reach that success by way of advice to people you you know we talked about my dad U my parents I never looked at my dad and said okay you're not successful he b..."

"opposed to things you did to you know um the negative but but what can you tell the story of that and maybe it's just interesting because it is illustrative like how to know when a thing is going to b..."

"never came back to me yeah I mean there's some lessons there connected to uh what you're doing now we'll talk about a Cost Plus drugs is like looking at an industry that seems like there's a lot of co..."

"about this world like they're inefficient and it just seem like pain I probably would have said no like a lot of people did to Airbnb because I'm like I don't want people sitting my sleeping in my bed..."

"so the assets of the business here are the the players the players yeah for sure and then on on the business side the first question I asked myself is what business are we in and I really didn't know ..."

"is you're selling the team selling the sport selling the people the idea the all of it like just the well yeah the experience so if you have you ever been to an NBA game yeah Miami Heat you remember w..."

"turning a team keeps fans connected look when a team is doing really well it's easy right there's more viewers everybody's more excited um and when you're not it you know there's still going to be har..."

"know and it's fun to engage but he doesn't really engage you know he just comes back with snark comments which is you know his choice yeah you in your comments well you do a bit of snark too but yeah ..."

"in the way that we discussed regardless of the size of the company and it also I think depends on where you're having the discussion so when I'm in a different group of people off of X the feedback is..."

"ideology of Dei I'm like did they force you did they coer you did did you lose control of your company no it's not me it happens to other people then I talk to other people same thing so I get you kno..."

"being an analogist to all this you know this huffing and puffing about um reverse discriminations and conservatives not being able to speak up because 40% of people who have been fired don't believe t..."

"the positive progress that's been made in the positive version of the word woke in terms of correcting some of the wrongs done in the past so but that said you know if you ask people in Russia [Music]..."

"with Dei I haven't waited into Dei and Universities at all so it's mostly focused on companies 100% right because that's where where I exist but at the same time like I read Christopher ru's book wher..."

"on so uh says it all right well there's a mention there so yes but both can be abused right both positions of power can be abused there's power in Dei and there's shitty people that can crave power an..."

"sure I'm here to help you Le there's an example in the AI world of uh a system called Gemini everybody was black or whatever people the color George Washington black Nazis were black so why why is it ..."

"end of the world but uh Google's so much uh dependent on trust that trust a Google search has as objective as possible um channel into the world of information and so that brand is really important fo..."

"for anybody to realize it meaning that there's a lot of Technology problems that are hard to fix they're super complex and we could talk about it forever with with social media the criticism towards G..."

"that resonates with people that's the way neural networks work though right that's why there'll be millions of models because weights and biases putting together you know a neural network but well no ..."

"after Google bought them you used to be able there used to be um different commands you could give it right there were line um prompt commands that you could give it and you could find all the nasty p..."

"and now it's it's become very um War your politics on on Twitter but again as you extend that and and Things Grow you as AI models become more efficient and trainable on less for a lot less money or e..."

"going to be dead if you disagree right now God help us if we ever get to that point here but the person who controls the algorithm controls the world right and if you are committed to one specific pla..."

"again fun with Jordan Peterson about this that's the guy whose name I couldn't think of yeah so the topic there was the gender transition and Dylan moaney can you can you explain the nature of the bee..."

"holds I don't know how many kids were following and you can look at the followers list it's not like it's hidden right back then if they had 250,000 followers and now we're on Tik Tok um you know wher..."

"like I don't remember what the numbers were that I read but I do remember that the latest numbers that came out in terms of transitioning were from jamama which is a medical association that said um 2..."

"that well not corrupted but you know people uh it's back to the Dei thing there could be pressure and we are pressure to operate so think about all the people who have to be complicit yeah to do an op..."

"atrocities without really speaking up the point I want to make is that when you're in this situation where everybody is around around you is committing an atrocity you can be sort of the the good Germ..."

"if we just stick on Biden and Trump for a sec uh what's your intuition why Biden would make a better president Trump look at if at the basics right if you look at the people he's hired um there hasn't..."

"never miss a mistake and the list is long what do you think about the immigration situation a lot of conservatives are using that uh sort of the the the theory is that the reason it's happening is bec..."

"to be checking because they know Trump is going to sue the shit out of him when he loses you know and so again and that's where you know people will take those self-preservation steps to keep their jo..."

"probably keep the people that are like already been in this country for a while and they're killing it like PhD students and all this it's like that's not what Donald Trump wants though he wants to sh..."

"fundamental problem it's not about the ideology of woke it's not the no leadership yeah leadership and yeah there's it's it's whatever systems we've created it's it's really frustrating that uh if you..."

"about Elon you're not and you're not following him yeah you're not you're not going to have an influence he's not going to have influence when you get a break just create a burner account on Twitter a..."

"often than not all right so as I mentioned Cost Plus drugs there's so many questions I can ask here but uh what's the big question what's broken about our healthc care system there's no transparency t..."

"uh the system that cost plus drugs is trying to solve so the thing we're trying to solve for is trust and the way we feel we get there is through complete transparency so when you go to cplus drugs.co..."

"priced in in America today and it's led to you know research being done comparing our pricing to CMS um and ours being cheaper you know then even the government is negotiating etc etc etc and so just ..."

"parts of the system too corre seeing the business of it but uh what do the so-called middlemen companies so the the pbms pharmacy benefit managers thank you CVS care Mark signas Express Scripts and Un..."

"with one of those big pbms it says you can't disclose any of this and the fact that you can't be disclosed means they could tell Lex's company that um they're being you know they're getting a great pr..."

"doesn't know any better because there's no way to know the markup is not transparent the cost isn't transparent the markup isn't transparent you know and you know there's different things you know lik..."

"when they compared what was contracted for to what they actually got they were getting underpaid every single year they just don't care right they'll take products there's there's a drug called Huma r..."

"month you can go to get um your doctor to prescribe that bio simler you simmer and you pay $594 but those big three pbms won't allow their clients to um get youim because they don't get a rebate on yo..."

"you uhhuh Phil blando with with the usual language that so deeply exhausts me but I I was wondering if there's TR any truth to it employers unions health plans and government programs work with CVS KA..."

"whole lot of nothing so they they are not transparent no no call them up you go to Cost Plus drugs we'll give you our price list of every all5 200 plus drugs the actual cost the actual cost and what w..."

"so like when we moved away from them we wanted to get what our claims data was to understand what we were going to be facing they won't give it to us until like six months later I forget the exact amo..."

"me to understand how I'm paying for my healthc care for my employees and their families and the first thing I looked at was a lot of these companies use employee benefits consultants and turns out I w..."

"us with and I took a list of this was early on in Cost Plus drugs list of the generic drugs that we sold that cost more than $30 that the Mavericks also had purchased right we were able to get that cl..."

"use the network that they put together for us you know providers hospitals or whatever and I'm like all right are there companies that won't charge us to put together these networks turns out there's ..."

"other drugs in what's called Step Up therapy right to see if these other cheaper drugs work or they're not even necessarily cheaper they may just be um being pushed because they're getting a higher re..."

"dealing with the claims but they spend most of their prescription drug related time or healthcare related times trying to get pre-authorizations approved so you know your kid breaks their arm or you h..."

"what I'm saying is one the smartest thing to do is to get a healthcare CEO at every company with over let's say 500 employes that focuses on all these things you'd save a shitload of money and two hea..."

"fascinating so so the mo most companies uh Outsource offload sort of the expertise on the healthcare side when they really should be internally there should be an expert that because it's the wellness..."

"to get authorization for a surgery or medication it's insane what made you decide to step into this cartel like situation uh where so much is opaque so I got a cold email from a Dr Alex hansy who's my..."

"they were sending the pharmacy bro Martin scr to jail and so I was reading up on that and he increased the price of this drug der Prim I think it was like 7,5% or increased a lowcost drug to $7,500 on..."

"for it and it took off immediately I mean you you know you read a press release from a company saying you know they were creating a cost Advantage Program basically pretending to replicate us yeah we ..."

"most dominant control you know it's very insulated and very controlled like you said um we work outside them we won't work with them and so because of that we don't have access to every medication bec..."

"Medicare or Medicare Advantage and they go to a local pharmacy and they get a drug that cost $600 well in the insurance company that $600 the pharmacy first buys that drug for probably that price minu..."

"pbms they're not reimbursing them $550 or more they're reimbursing them $500 or less less and literally those Community pharmacies are eating that loss and as a result they're going out of business le..."

"business so how does that uh how does that connect to Cost Plus drugs and what we're doing and the big Brands the big Brands know that if all these Community pharmacies are going tens of thousands of ..."

"community and Independent Pharmacy industry is there other aspects of the healthcare industry that could use this kind of yes transparency and revolutionizing yeah so what we're going to do with our o..."

"the system because if I can build it up big enough they would just buy me and I'd make you know money and buy a sports team but I don't need that money now uh let me ask you about AI you got a little ..."

"decision yeah it's a tricky one I mean Google is a Pioneer in that with tensor flow on in the AI space that's a tricky decision to is right but go back to historically you know there was digital Compu..."

"different diversity of approaches uh in how they're implemented deployed what kind of products they create all of that V compared the danger of that to the Manhattan Project that yeah I yeah I'm not b..."

"yeah yeah yeah and the expertise evolves and grows and all that kind of stuff and you want to own that growth uh what advice would you give give to young people you have an exceptionally successful ca..."

"55 but it can happen one thing to mention is that sometimes it's difficult where your parents people around you might not be U conducive or might not be a of help in finding the thing you're good at i..."

"is really important to comment on is in Russia and UK brain uh I think the system kind of suppresses that spark somehow because you said you saw the natural entrepreneurship but there's not the entrep..."

"the world thank you for that beautiful hopeful message and thank you for talking today Mark you're you're fun uh to follow I'm a big fan of yours but you're also an important person in this world I re..."