Joe Polymath
6.3K posts
@thejoemando
your average furu
The NYT just profiled a $1.8B revenue company with 2 employees. Medvi is a telehealth GLP-1 provider built by Matthew Gallagher, 41, from his house in LA. He launched in September 2024 with $20,000. Here are the numbers: Month 1: 300 customers Month 2: 1,300 customers 2025 full year: $401M revenue, 250,000 customers 2026 run rate: $1.8B Net margin: 16.2% ($65M profit) Total employees: 2 (him and his brother) Outside funding: $0 How it works: Medvi is a front end. Two platforms — CareValidate and OpenLoop Health — handle doctors, prescriptions, pharmacies, shipping, and compliance. Gallagher handles brand, website, ads, checkout, and customer service. All built with AI. His stack: ChatGPT, Claude, and Grok for code. Midjourney and Runway for ad creative. ElevenLabs for voice. Custom AI agents to connect systems. AI chatbot for customer service (which initially hallucinated fake prices he had to honor). For comparison: Hims & Hers did $2.4B revenue last year with 2,442 employees and 5.5% net margins. Gallagher is running 3x the margin with a fraction of a percent of the headcount. Back into the unit economics: ~$336M in total costs, probably $160-200M to the telehealth platforms, leaving $130-170M mostly in marketing. Against 250,000 customers, that's a $500-700 CAC. High, but it works because his overhead is virtually zero and LTV at ~$200/month holds up. He's expanding fast. Men's health launched in February — 50K customers in month one. Meal delivery went live last month. Women's health, hair growth, supplements, and skincare are next. The vulnerability: zero moat. No proprietary tech, no doctor network, no pharmacy infrastructure. CareValidate or OpenLoop could raise fees or launch competing brands. Anyone could replicate this model in weeks. Right now, the margins are enormous for anyone who moves fast enough. The question is how long that window stays open. nytimes.com/2026/04/02/tec…
JUST IN: $ORCL SLASHES 30,000 JOBS TO CUT COSTS TO PAY FOR AI INFRASTRUCTURE
@xdNiBoR The future of AI is primarily video understanding and generation, because photons are by far the highest bandwidth form of communication. These are essential tools for AGI. Worth mentioning that Imagine is positive gross margin for @xAI, not a money loser.
Bolton: Trump is focused on one thing and one thing only. The international price of oil. The better answer is to blockade the Strait of Hormuz and not let any Iranian oil out. If Gulf Arab allies can’t ship oil, neither should the Iranians. 1/
how can we get to AGI when models hallucinate 45% of the time? we'd never say: "our top engineer is amazing but he screws up 45% of the time"
