EP 37: Mark Cuban Talks with Us About How He Succeeded, Advice for Young Entrepreneurs, Buying the Mavericks & Cost Plus Drugs

The Logan Bartlett Show

What's the Design Goal of a Pharmacy Benefit Manager?

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As of today it's probably 40 50 percent shark tank 30 percent um mavs and 20 percent cost plus drugs with cost plus drugs rising rapidly. As those pharmacy benefit managers were acquired into bigger organizations these kind of got away from the simplicity of design and started making it a very opaque industry. They'll say to the insurance company let me do the negotiation for pricingUm and i'll help you find the best drugs and i'll get you the best prices but then they go to the brand the the drug manufacturers and say look you know i can get this insurance big insurance company to add you to their formulary if you're not already but i need the best price okay no big

In the 37th episode of Cartoon Avatars Mark Cuban joins to talk about his life story, how and why he succeeded, and his best and worst business decisions. Plus advice for young entrepreneurs, his experience buying the Mavericks, crypto, the Internet bubble, fame, Cost Plus Drugs, and his biggest issue with the SEC. And somehow even more.

(0:00) Welcome Rashad

(1:20) Ghostwriting tweets

(16:18) Mark Cuban backstory

(17:24) Introducing Mark Cuban

(18:23) When Bill Gates stole Mark’s girl

(19:24) Making his email public

(20:49) Mark’s superpower

(22:29) Advice for young entrepreneurs

(25:52) Growing up in Pittsburgh

(30:27) Owning the sales process

(35:18) Mark’s journey

(41:10) Retiring at 30

(44:00) Broadcast.com

(47:50) Recognizing the internet bubble

(50:25) Crypto and early Internet parallels

(58:28) Buying the Mavericks

(1:02:50) Create your own narrative

(1:06:08) Fame

(1:08:37) Cost Plus Drugs

(1:26:30) Rapid fire questions

(1:31:25) Problem with the SEC

(1:40:24) Outro

Mixed and edited: Justin Hrabovsky

Produced: Andrew Nadeau and Rashad Assir

Executive Producer: Josh Machiz

Music: Griff Lawson

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About the Show

A Saturday morning podcast hosted by Logan Bartlett (Partner and Managing Director at Redpoint Ventures) covering the tech news with his friends and other people with industry expertise.

Executive Producer: Rashad Assir

Producer: Leah Clapper

Mixing and editing: Justin Hrabovsky

Check out Unsupervised Learning, Redpoint's AI Podcast: https://www.youtube.com/@UCUl-s_Vp-Kkk_XVyDylNwLA

🎙 Listen to the show

Apple Podcasts: https://podcasts.apple.com/us/podcast/the-logan-bartlett-show/id1606770839

Spotify: https://open.spotify.com/show/5WqBqDb4br3LlyVrdqOYYb?si=3076e6c1b5c94d63&nd=1

Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9zb0hJZkhWbg

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🐦 Twitter - https://twitter.com/loganbartshow

🎬 Clips on TikTok - https://www.tiktok.com/@theloganbartlettshow

About the Show

Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.