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Mark Cuban – “Shark Tank” & Upending the Pharmaceutical Industry | The Daily Show

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what'' s going on Welcome to The Daily Show many thanks for having great to have you right here in Preston initial thing I wish to know because I see the clips all the time everybody watches the program around the globe just how many individuals come near you and also as well as simply pitch you points in the real world like regularly it have to be your life now all over in the bathroom being in rest room you name it I get pressed anywhere wait what'' s the best pitch you accessed a rest room do you remember it transform about [Giggling] season 14 of the program I'' d love to recognize when you started this did you believe it was mosting likely to be as huge as it is is this an organization that you saw coming oh they asked me to come on as a visitor in the 2nd season as well as it would certainly jump around like when Desperate Housewives bear in mind that show as well as it wasn'' t on yeah yeah we ' d take its area as well as I believed this thing is dead so I ' m simply gon na take place there Elevate Hell next thing you know that we'' re in period 14 period 14 it'' s successful it ' s it ' s it'' s fun individuals love the show it ' s syndicated all over the world I ' d love to understand what you believe makes it so effective why do most of us love watching people come on and afterwards attempt and also Pitch you an idea that you either garbage or buy or totally try and also take control of since everybody intends to be that individual that can simply have an idea in their garage in their bedroom you recognize we all get it appropriate you obtain that sensation in your stomach as well as you'' re all terminated up you examine it with your pals but these are people who made it before us as well as if we state yes they go from being just an organization to being that guy that service which that'' s why anybody can be that individual you you I feel like you were that individual I was you recognize you understand I'' ve checked out you and there were Components in your life when you assumed you were mosting likely to retire at 35 and also allow below you are numerous years later on still you resemble you love yet it it seems like you'' ve obtained they ' re [__] wear ' t pay attention to them these individuals are [__] what I ' m stating is you you ' re having a blast as well as it feels like you place ' t lost that drive like what makes you wake up each and every single day if it'' s not the cash oh I ' m competitive I such as to kick butt when you begin an organization and you'' re in my company I ' m gon na [__] you up significant for real I indicate I love to compete right that describes a whole lot that describes that discusses like the Dallas Mavericks you recognize I was speaking to a person that services the program as well as he said an intriguing thing he claimed he said uh Mark Cuban appears to me like among the only super followers who took control of a team due to the fact that some individuals acquire teams because they have the cash to get a team you seem like you you got a team since you enjoy the group you like the sporting activity yeah every person states the team changed as a result of you numerous individuals have attributed you in the NBA of becoming part of altering the society of trying to make it to make sure that even the individuals that function behind the scenes enjoy as well as are appreciating themselves like why did you make a decision that you can have just gone in for a team yet you no I love basketball like I'' ll venture out there as well as'I ' ll shoot with the men I indicate just consider it you love played basketball I reach stroll right into my very own Field stand up shots you know and also the very best component is you recognize game-winning shot the groups going nuts everyone'' s stack driving getting on the man I obtain to get on him as well as well as I don'' t I put on ' t get detained best anyone else you all run there I'' ll rest your butt I go out there I enjoy the NBA has been has actually been uh you understand an intriguing duration where you understand for a very long time national politics I mean it was every little thing NBA and also NFL and then you know the NBA was seen as this location where you recognize gamers were speaking their mind it was an actually conscious organization Adam Silver gets a whole lot of credit report as an example most of the proprietors do also recently though there'' s been a scandal that has rocked the Phoenix Suns as well as you know every person'' s been talking regarding how to manage a proprietor where he'' s been charged of every little thing from racism to inappropriate messages at job and also and I believe the fine came down at 10 million dollars and a year some have said it isn'' t sufficient some have stated it it'' s just sufficient what do you make of that and also greater than the penalty because I indicate that'' s not your job yet what do you think the the the the the setting of a proprietor in a team needs to be in regards to Exactly how It'' s external facing like why is it crucial to be a particular way as the owner you understand as opposed to discussing that situation specifically I can inform you what I assume best I may be accountable for creating the look for the Dallas Mavericks however every one of North Texas really possesses the Dallas Mavericks it'' s the only organization where I obtain emails from people saying my son has cancer cells you recognize can you bring some gamers out can we will you see you recognize my son simply died or my child just passed away can we bury him in a luka doncious Jacket you recognize know there'' s no various other sector you understand as well as when you win when Google has a great quarter no one in their City you recognize Mountain wherever it is celebrates right when your group wins a champion the entire city goes nothing the whole City'' s on fire right it'' s just such a various market and keeping that comes a responsibility you need to have you have to you recognize lead you have to be able to establish examples for variety as well as addition as well as reveal individuals that you know this is the genuine globe and also we can change and also we can be component of it as well as make them much better and you recognize I believe that'' s the responsibility that includes owning a sporting activities groups that'' s possibly why you'' ve been so effective it really is you additionally you understand you'' re additionally behind I I keep in mind reading this and also you know we stay in a globe where billionaires tweet all kinds of insane points all the time I won'' t reference names yet billionaires will treat whatever and afterwards they'' ll say I'' ll modification the world I ' ll do this I keep in mind seeing a tweet of yours where you were primarily discussing upending the drug market as well as decreasing prescription medication costs and also I resembled ah Right here We Go Once More Hope'' s up as well as nothing ' s going to happen however you actually we'' re doing it we ' re the actual offer yes we began a company called costplusdrugs.com and also if you take any drug at all simply go there placed in the name of it'and what we do that ' s various every other drug supplier I imply no one counts on the drug market right best therefore what we claimed was you know sunshine is the best sanitized so we if you go and you put in the medicine as well as if we carry it um it'' ll reveal you not just what we offer it for it'' ll reveal you our cost and also like real real expenses however we actually spend for it we note it up 15 that'' s it we have a 3 buck Drug store fee as well as five dollars for delivering that'' s it and so you understand precisely what we paid and so you can trust it which'' s the very first time in the pharmacy sector where when you ' re purchasing a medication you'can trust that you ' re paying a reasonable cost so you ' re making money not yet not yet however we'will we will business yeah we ' ll generate income so after that so after that aid me understand this after that uh someone that isn ' t a billionaire exactly how is'it exactly how is it that you ' ve decided to enter into an organization where you won ' t earn money now you will certainly make money in the future as well as you'' re still able to offer people with the medications as well as it appears like it'' s a win-win taste after that why put on'' t other drug business simply do this why why because what'' s happened is all when a person like me has actually begun or anyone has actually begun a business like this and they'' re reduced the expense of drugs what takes place is someone acquires them right one of the big firms purchases them out and also places them away buys the business acquires that firm to make sure that takes them off the marketplace I can'' t be bought ideal I don ' t require you can'' t I don ' t my next buck is not mosting likely to transform my life yet if I get a possibility to [__] up the pharmaceutical sector yeah I suggest the drugs like I simply had a good friend literally two days ago a man that I knew in college Landon Turner is taking this drug Derek I don'' t also understand what exactly how it ' s articulated it resembled Mark it cost me 3 thousand bucks a month I can ' t manage it can you aid and it was literally it ' s a common so I had our men go into a nut five minutes ago while I was waiting in the green room he returned Landon was paying three thousand bucks a month it'' s not mosting likely to cost him 63 bucks a month oh wait wait I was wrong delay no I was incorrect 63 for three months three months so all right'that ' s how crazy this industry is yeah however I so I get that you can ' t be burnt out yet surely people are not pleased with what you'' re doing like it it doesn ' t appear like you are it'' s your organization yeah it ' s strange so individuals like Martin shkreli sorry to cut you over individuals like Martin shkreli arrived for being available in buying a medicine that people require to endure as well as after that hiking it up I put on'' t recognize the amount of thousand percent of whatever it was but it seems like you'' re gon na make a great deal of opponents doing this yeah and also as you state you'' re affordable so you don'' t truly care yet is there no chance they can damage you is I indicate there'' s means right however it ain'' t mosting likely to occur right so what the means it functions now there'' s there ' s 3 big companies that are insurer that possess these things called Pharmacy benefit managers who are accountable for really distorting the prices all right and after that they also have the huge retail pharmacies all the huge names you'' ve heard of and so they'' re able to control all the rates aspects we work beyond that so today we'' re mail order so if you go to costplusdrugs.com like Landon will certainly have the ability to get his medicine for all that less money and after that we'' ll ship it to them we'' ll mail it to them soon we'' ll have the ability to do it at neighborhood Independent Pharmacies yet because we work beyond that system they can'' t quit us as well as the cooler component concerning it is all of us check out producers of insulin as well as various other drugs and also state they'' re the reason for the issue they ' re actually not it ' s these large three business that are misshaping their rates and also the suppliers wear'' t have any other way to offer it so currently we can offer it for them and also so you recognize we'' re not there on insulin late yet but we'' re working with it we'' re not there on several of the huge brand but we'' re close and so you understand we literally actually Trevor I mean five years from currently we can recall and state you [__] them up [Praise] so prominent as well as intriguing is due to the fact that you have a different view on just how to be successful and what success indicates you know those who recognize with your stories will certainly know that when you when you offered your initial company you made a lot of cash but you also made much of your employees Millionaires and they weren'' t like stockholding of alternatives that you just stated great everybody I earned money most of us make cash and afterwards you did it once more with your following company that resembled a big sale as well as you did it once again you'' ve had this mindset that seems counter to what lots of Americans assume these days where they claim if I get rich I get rich screw every one of you and everyone who'' s remained in your path everyone'' s who ' s supported you can go oh yeah I worked with Mark Cuban as well as you can see that we earned money in this instance allow'' s state you are successful this firm could go on to become you understand really rich it can make a whole lot of money just how do we understand and and I'' m thinking you that type of person but just how do we understand that then at some point you won'' t raise those drug prices when everybody gets on Expense Plus like can you make a pledge to individuals can you claim this is what we'' re gon na start Cuban issue it'' s not seriously I that'' s the whole objective that'' s the goal I ' m not because I obtain to'ask that at all times yeah he ' s just you recognize small cost currently yes Jack him up later if anything we'' ve been reducing prices if you follow us at Expense Plus medicines on Twitter I take satisfaction in every pair weeks we'' re reducing costs we'' re not we ' re not raising costs I mean in this day as well as age as well as you speak about this constantly it'' s just insane that someone has to select in between rent food and drug right and also you know people assume industrialism is almost just how much cash can I make it'' s not industrialism is me being able to begin a service and also select the end results that I want no person else can tell me what my goal is nobody else can tell me what my objective is no person else can tell me what'' s vital to me I get to make that selection for some individuals look if I'' m 25 years old it'' s making as much cash as I can right and now like I'' ve been stating if you get a chance to reverse a market where people currently put on'' t need to make those choices that'' s the very best reward of all time [Praise] Cuban everyone [Music]

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