Hims House Ep 32 - Antonio Linares Makes the Case for Hims as a 100x — From Here
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May 29, 2025 Antonio Linares, an early Tesla and AMD investor and author of a popular investment Substack, passionately argues that Hims transcends telehealth, likening it to a healthcare platform based on the Costco model. He reveals the explosive potential of peptides in health optimization and critiques traditional pharma's underestimation of Hims' unique advantages. The discussion also dives into his concentrated investment strategy and the critical role of data and AI in personalizing healthcare, showcasing Hims’ potential to revolutionize the industry.
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Hims Applies Costco Algorithm
- Hims applies the Costco algorithm to healthcare, delivering exceptional value at lower cost with network effects.
- This disrupts a stagnant healthcare market and builds a proprietary data loop powering long-term growth and innovation.
Costco Algorithm Explained
- Costco succeeds by obsessively enhancing value delivered per dollar spent and reinvesting to lower prices.
- Hims mirrors this by lowering prices while increasing margins, showing strong operational execution.
Hims’ Unique Moat Explored
- Hims shares a moat like Netflix and Spotify through marginal advantages in user experience and speed of iteration.
- It combines this with personalized manufacturing, creating a strong barrier against competition.