Hims & Hers Health

1 item

New York Times 2026-04-02-3

How A.I. Helped One Man (and His Brother) Build a $1.8 Billion Company

Medvi's $1.8B run rate on two employees is the NYT's coronation of Altman's one-person-billion prediction: the real architecture is outsourcing, not AI. CareValidate and OpenLoop provide the doctors, pharmacies, compliance, and shipping; AI compressed the marketing and customer service wrapper to near-zero headcount. The 16.2% net margin versus Hims's 5.5% isn't an AI story: it's what happens when you're the thinnest possible layer between ad platforms and fulfillment platforms, and you don't carry 2,442 employees doing work the platforms already handle.