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Interesting baseline of how much AI can help with the profitability of a business: > By the end of last year, Medvi had reached $401 million in annual sales an
by zacharyozer 6mo ago
Interesting baseline of how much AI can help with the profitability of a business:
> By the end of last year, Medvi had reached $401 million in annual sales and amassed 250,000 customers. It produced 16.2 percent in net profit, or $65 million, with spending going to the fees for telehealth platforms, marketing and then software. Hims, by contrast, had a net profit of 5.5 percent last year.
- brysonmeunier 6mo agoI’d argue this is more of an extreme outlier than a baseline. While it shows the 'ceiling' of what a hyper-lean AI-enabled team can do in a white-hot market (GLP-1s), it’s hard to call $200M+ revenue per employee a 'baseline' for any industry. It’s a remarkable anomaly. A dream of every vibe coder like myself, but not a realistic target for most.
- gedy 6mo agoIt also relies on many outsourced doctors, correct? In this particular case, this is not a great vibe code business example imho.
- couscouspie 6mo agoThat's like saying Spotify wouldn't be a good example, because it outsourced music production to musicians and just not a meaningful point.
- fragmede 6mo agoWhat is this platonic ideal of a vibe code business that doesn't rely on some outside vendor to create value? If all you're offering is something for a niche (CRM just for car repair business), that's getting cloned yesterday. Unless your value is locked behind some moat, like hiring licensed doctors, you won't survive, and even then.
- gedy 6mo agoJust pointing out a business that is fundamentally about doctors prescribing and delivering compounded GLP-1 is not something "agents" will whip up for you, nor is it a one-man business.
- fragmede 6mo agoMy one-man business uses AWS and a bank and some vendors. AWS and the bank and my vendors have many people working there. Is it still a one man business?
- gedy 6mo agoCome on, you know what I'm talking about - those aren't your main products and customers aren't dealing with them instead of you. If you were paying 1000 people to wrap gifts and deal with customers it's a stretch to call your biz a one man operation. That's just outsourcing.
- fragmede 6mo agoYeah, man, I'm sayin' that that is what a vibe code business looks like. It's gotta do something in the real world. No one's making a million dollars off of leftpad as a service so it's a fine example of a successful vibe code business.
- johnbarron 6mo agoBy doing false claims: https://www.fda.gov/inspections-compliance-enforcement-and-criminal-investigations/warning-letters/medvi-llc-dba-medvi-721455-02202026 https://www.fda.gov/inspections-compliance-enforcement-and-c...