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41 year old Matthew Gallagher, living in Los Angeles, created a company worth ₹ 17 thousand crores with the help of AI. The name of the company is Medli which took only two months and Rs 18 lakh to make.
Medvi is a telehealth startup that offers online sales and consultation of weight loss medicines. It is in the news because the annual revenue of this company has reached about ₹ 17 thousand crores. There are only two employees in this company. Matthew Gallagher and his brother Elliot.
Code, content, images, get all the work done by AI
Matthew also created the software code, website content, images and videos for advertisements with AI. Even deployed AI bots for customer service.
- Help from ChatGPT, Claude and Grock was taken for coding and content.
- Create images and video ads for advertising with tools like Midjourney and Runway.
- Used AI voice tools and chatbots for customer service.
- Matthew also created an AI clone of his voice to fix the appointment.
Partnership with other platforms for delivery of medicines
Mathew has partnered with platforms like ‘Care Validate’ and ‘Openloop’ to deliver medicines and oversee the work of doctors. These companies manage the network of doctors, medicines and shipping. Medvi mainly works on marketing and customer acquisition through AI.
Sales of around Rs 3,700 crore in the first year
This company, which was started in September 2024, got 300 new customers in the first month and 1,000 new customers in the second month. In the first full year, the company made sales of about Rs 3,700 crore.
Received FDA warning for misleading advertisements
The US Food and Drug Administration has also warned the company for misleading advertisements. Apart from this, a case has also been filed against the company in California for violation of anti-spam law. Initially, the company’s AI chatbots also made mistakes like giving wrong prices.
No plans to recruit employees in future also
Mathew says that they do not want to recruit more people because it delays decision making and increases expenses. However, he jokingly said that he feels lonely sometimes, so maybe he will have someone for ‘company’ in the future.
Company with 60 employees was in loss, 2 in profit
This is not Matthew’s first business. 2016 csx He started a company named ‘Watch Gang’, which had 60 employees. Despite increasing revenue, that company was never able to become profitable. In contrast, ‘Medley’, which is being run by just two people with the help of AI, is today making crores of rupees in profits.
Sam Altman’s prediction came true
OpenAI CEO Sam Altman predicted in 2024 that soon there will be companies that will be run by just one person and their value will be $ 1 billion. On Matthew’s success, Altman said that he would like to meet the man who made his prediction come true.
knowledge part
What are AI agents?
These are such programs that can complete the work on their own without any human intervention. Like answering emails, analyzing data or resolving customer complaints.
Can you also create such a company?
Experts believe that 3 skills are necessary for a ‘soulpreneur’:
- Understanding of Marketing: Where is the customer and what does he need?
- Use of AI: Ability to automate work.
- Outsourcing: Delegate the work you can’t do to the right platforms.
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