Sign up to get updates from us
Biotech founder and investor Martin Shkreli joins Erik Torenberg and his co-host Jesse Genet on In The Arena podcast to dissect his controversies and crises through the lens of leadership.
Biotech founder and investor Martin Shkreli joins Erik Torenberg and his co-host Jesse Genet on In The Arena podcast to dissect his controversies and crises through the lens of leadership. Martin goes deep into the leadership decisions and regulatory environment that led to him serving time in prison, the lessons he took away about tech and founding startups, and how he believes there is a hero’s journey arc up ahead. If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/upstream
In The Arena is a part of the Turpentine podcast network. If you loved listening, subscribe at the podcast platform of your choice: https://link.chtbl.com/MwjyhPC5
Upstream and In The Arena are part of the Turpentine podcast network. Learn more: www.turpentine.co
RECOMMENDED PODCAST:
Founding a business is just the tip of the iceberg; the real complexity comes with scaling it. On 1 to 1000, hosts Jack Altman and Erik Torenberg dig deep into the inevitable twists and turns operators encounter along the journey of turning an idea into a business. Hear all about the tactical challenges of scaling from the people that built up the world’s leading companies like Stripe, Ramp, and Lattice. Our first episode with Eric Glyman of Ramp is out now: https://link.chtbl.com/1to1000
TIMESTAMPS:
(00:00) Episode Preview
(01:52) Reliving Martin's most stressful moment
(06:09) How the lawsuit impacted Martin's team
(09:52) How the government handled Shkreli’s case
(11:22) The day Martin was taken by authorities
(14:28) Sponsor: NetSuite
(19:10) Hedge funds’ relationships with the law compared with venture
(25:57) The price hike and pharma industry norms
(32:22) Explanation of charges
(41:15) The new CEO
(44:36) New trope of private equity pharma
(48:57) The demise of trust in the media and Pharma Bro
(57:11) Regrets and anger
(59:45) The epidemic of criminal injustice
(01:02:58) Being sued by the FTC under the Sherman Act (monopoly law)
(01:06:03) Shkreli and Silicon Valley
(01:08:31) Entrepreneurship post-indictment
(01:15:40) Martin’s time in prison
(01:21:48) Martin reflects on being a repeat founder, and where his passions lie now.
X / TWITTER:
@wagieeacc (Martin)
@jessegenet (Jesse)
@eriktorenberg (Erik)
@inthearena_pod
SPONSORS: NetSuite
NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform ✅ head to NetSuite: http://netsuite.com/upstream and download your own customized KPI checklist.
