1 hr 20 min
E5: Martin Shkreli on public vilification, leadership lessons from prison, and getting back in the arena "In The Arena"
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- Entrepreneurship
Biotech founder and investor Martin Shkreli joins Jesse Genet and Erik Torenberg on In The Arena to dissect his controversies and crises through the lens of leadership. Martin goes deep into the decisions, mindset, and unforeseen logistics 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.
RECOMMENDED PODCAST:
The HR industry is at a crossroads. What will it take to construct the next generation of incredible businesses – and where can people leaders have the most business impact? Hosts Nolan Church and Kelli Dragovich have been through it all, the highs and the lows – IPOs, layoffs, executive turnover, board meetings, culture changes, and more. With a lineup of industry vets and experts, Nolan and Kelli break down the nitty-gritty details, trade offs, and dynamics of constructing high performing companies. Through unfiltered conversations that can only happen between seasoned practitioners, Kelli and Nolan dive deep into the kind of leadership-level strategy that often happens behind closed doors. Check out the first episode with the architect of Netflix’s culture deck Patty McCord.
https://link.chtbl.com/hrheretics
In The Arena is a part of the Turpentine podcast network. Learn more: www.turpentine.co
RECOMMENDED PODCAST:
Econ 102 with Noah Smith and Erik Torenberg
Economist and Substack writers Noah Smith and Erik Torenberg make sense of what’s happening in the news, technology, business, and beyond, through the lens of economics. Subscribe to the show: https://link.chtbl.com/Econ102
TIMESTAMPS:
(00:00) Episode preview
(03:55) Perceptions of the media
(06:00) How the lawsuit impacted Martin's team
(09:40) How the government handled Shkreli’s case
(12:50) The day Martin was taken by authorities
(15:30) Hedge funds’ relationships with the law compared with venture
(24:15 The price hike and pharma industry norms
(29:45) Explanation of charges
(38:30) The new CEO
(41:00) New trope of private equity pharma
(47:30) The demise of the trust in the media
(54:20) Regrets and anger
(58:15) The epidemic of criminal injustice
(1:00:00) Being sued under the Sherman Act (monopoly law)
(1:03:26) Shkreli and Silicon Valley
(1:05:45) Entrepreneurship post-indictment
(1:13:00) Martin’s time in prison
(1:19:10) Martin reflects on being a repeat founder and where his passions lie now.
TWITTER:
@wagieeacc (Martin)
@jessegenet (Jesse)
@eriktorenberg (Erik)
@inthearena_pod
Biotech founder and investor Martin Shkreli joins Jesse Genet and Erik Torenberg on In The Arena to dissect his controversies and crises through the lens of leadership. Martin goes deep into the decisions, mindset, and unforeseen logistics 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.
RECOMMENDED PODCAST:
The HR industry is at a crossroads. What will it take to construct the next generation of incredible businesses – and where can people leaders have the most business impact? Hosts Nolan Church and Kelli Dragovich have been through it all, the highs and the lows – IPOs, layoffs, executive turnover, board meetings, culture changes, and more. With a lineup of industry vets and experts, Nolan and Kelli break down the nitty-gritty details, trade offs, and dynamics of constructing high performing companies. Through unfiltered conversations that can only happen between seasoned practitioners, Kelli and Nolan dive deep into the kind of leadership-level strategy that often happens behind closed doors. Check out the first episode with the architect of Netflix’s culture deck Patty McCord.
https://link.chtbl.com/hrheretics
In The Arena is a part of the Turpentine podcast network. Learn more: www.turpentine.co
RECOMMENDED PODCAST:
Econ 102 with Noah Smith and Erik Torenberg
Economist and Substack writers Noah Smith and Erik Torenberg make sense of what’s happening in the news, technology, business, and beyond, through the lens of economics. Subscribe to the show: https://link.chtbl.com/Econ102
TIMESTAMPS:
(00:00) Episode preview
(03:55) Perceptions of the media
(06:00) How the lawsuit impacted Martin's team
(09:40) How the government handled Shkreli’s case
(12:50) The day Martin was taken by authorities
(15:30) Hedge funds’ relationships with the law compared with venture
(24:15 The price hike and pharma industry norms
(29:45) Explanation of charges
(38:30) The new CEO
(41:00) New trope of private equity pharma
(47:30) The demise of the trust in the media
(54:20) Regrets and anger
(58:15) The epidemic of criminal injustice
(1:00:00) Being sued under the Sherman Act (monopoly law)
(1:03:26) Shkreli and Silicon Valley
(1:05:45) Entrepreneurship post-indictment
(1:13:00) Martin’s time in prison
(1:19:10) Martin reflects on being a repeat founder and where his passions lie now.
TWITTER:
@wagieeacc (Martin)
@jessegenet (Jesse)
@eriktorenberg (Erik)
@inthearena_pod
1 hr 20 min