Power Law with John Coogan TJ Parker sold PillPack for a billion dollars
Aug 24, 2023
TJ Parker shares his journey from founding PillPack to selling it for a billion dollars to Amazon. He discusses offering equity for payment terms, battling pharmacy giants, operational challenges, and post-acquisition insights. Intriguingly, he also mentions being hunted by the FBI!
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Sneak into Classes for Advantage
- Sneak into other universities' classes and startup events to expand your knowledge and network.
- Don't wait for permission; beg for forgiveness later to seize opportunities.
Healthcare Wins on Convenience
- Healthcare companies win by offering convenience at lower cost, not better health outcomes.
- Consumers respond primarily to convenience and cost, driving healthcare company growth.
Convenience is PillPack's Edge
- The core insight behind PillPack was focusing on delivering convenience and reducing complexity in medication management.
- This convenience focus distinguished it from other approaches like reminder apps or home pill dispensers.