Description

Nick Potts was financially stable and working in a job that he loved when he got the itch to start his own thing. Armed with valuable experience from working in the healthcare sector and driven by his desire to have a meaningful impact on people’s lives, Nick emptied out his savings, moved into a trailer in his parent's backyard, and founded his first company, ScriptDrop. Taking the lessons that he learned from starting his first company two years ago, Nick went on to found a second startup, Gifthealth! In today’s episode, Nick explains how his two companies are transforming the healthcare industry by alleviating the pain points that prevent people from accessing the medication that they need. Nick also shares how his mindset has allowed him to get as far as he has, why fear is not a part of his vocabulary, the value that he places on building relationships, and the benefits of having “some level of almost arrogance” as an entrepreneur! 

Key Points From This Episode:

• Nick shares what it means to him to bet on himself.
• The massive bet that Nick took on himself a few years ago.
• Valuable lessons about hard work that Nick learned from his mom and dad.
• Why Nick moved from Nashville to Ohio, and the first job he got after moving.
• The necessary amount of arrogance is required to be a successful entrepreneur. 
• What excites Nick most about what he has created.
• How Nick’s experience at CoverMyMeds inspired him to found ScriptDrop.
• Lessons that Nick learned through the founding of ScriptDrop.
• Where Nick’s relationship with his co-founder began.
• The benefits of working with people who you enjoy spending time with.
• Statistics that highlight the scale of the medication distribution problem.
• The mission behind Gifthealth.
• Examples of the points of friction that prevent people from accessing the medication they need and how Gifthealth eliminates these points of friction.
• What drives Nick to do the work he does.
• Why raising funding for Gifthealth was so much easier than it was for ScriptDrop.
• How Gifthealth has grown since its founding.
• Nick’s approach to raising capital. 
• A message from Nick to his younger self.
• Plans that Nick has for the future of Gifthealth.
• How the entrepreneurial ecosystem in Columbus has evolved since Nick moved there. 

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To ask a question, read the transcript, or learn more, visit MichaelRedd.com.

Links Mentioned in Today’s Episode:

Nicholas Potts on LinkedIn
Nicholas Potts on Instagram
Gifthealth
Gifthealth on Instagram
ScriptDrop
Michael Redd
22 Ventures