Worklife with Adam Grant

Mark Cuban doesn’t believe in following your passions

130 snips
Sep 13, 2022
Mark Cuban, a serial entrepreneur and the owner of the Dallas Mavericks, shares his journey from selling garbage bags to revolutionizing healthcare with Cost Plus Drugs. He discusses how he turns challenges into opportunities while emphasizing that following passion isn't the key to motivation. Instead, he advocates for prioritizing effort and transparency in business. Cuban also touches on the dynamics of building effective teams and the future of healthcare affordability, stressing the importance of community feedback in decision-making.
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ANECDOTE

Cuban's Campus Visit

  • Mark Cuban visited Wharton and uniquely spent time with students at a campus bar past midnight.
  • This impressed students, contrasting with other speakers.
INSIGHT

Cost Plus Drugs' Transparency

  • Cost Plus Drugs aims for radical transparency in drug pricing, showing cost plus a 15% markup.
  • This disrupts the opaque pricing practices of the pharmaceutical industry.
INSIGHT

Network Effects and Trust

  • Cost Plus Drugs leverages network effects within patient communities for growth.
  • Trust and social proof drive brand loyalty, even without traditional marketing.
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