16:30The Guy That Raised The AIDS Drug Price By 50x Is Interesting...
From My First Million · Published Jul 5, 2022 · Watch on YouTube
TL;DR
Martin Shkreli raised Daraprim’s price 5000% ($13 to ~$500) and leaned into the hate, becoming “Pharma Bro.” He was a power user on the app Blab, driving hundreds of thousands of new users by hosting nightly live shows where he debated critics, built a cult-like following, and turned haters into fans.
Key insights
- Shkreli did not apologize for the price hike; he doubled down, saying “I can charge what I want” – and this generated more attention.
- He was Blab’s #1 power user, drawing 5,000+ people into a room and driving hundreds of thousands of new users per month, which the startup chose not to ban despite complaints.
- On Blab he simultaneously mocked, flirted with, and logically dismantled critics (including CNN journalists), creating addictive “nightly entertainment.”
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