by Dejan Pekic
A Company of Two, Worth Hundreds of Millions
Posted by Dejan Pekic
The AI productivity revolution has a new poster child. Matthew Gallagher’s AI-powered company, Medvi, a telehealth provider of GLP-1 weight-loss drugs, last year reported annual revenue of US$401 million. This year the company is on track to reach $1.8 billion in sales. And the real surprise? Gallagher’s only employee is his younger brother Elliot.
It’s a striking example of how artificial intelligence is reshaping what’s possible for lean businesses. Tasks that once required entire teams (customer service, content production, data analysis and software development) may, in some situations, be handled by a handful of people using AI tools effectively. In Gallagher’s case, he already had a firm grasp of marketing, computer code and cutting-edge AI tools, and he outsourced the tasks he couldn’t do himself.
Gallagher’s story isn’t a one-off, however. There is a growing cohort of ‘solo unicorns’ and micro-teams generating revenue figures that would have seemed impossible just five years ago.
For investors, this has some interesting implications. AI-driven productivity gains are already showing up in corporate earnings, particularly in the US tech sector. It’s a key reason markets have held up despite higher interest rates and ongoing geopolitical tension. But it also raises longer-term questions about industry disruption, which traditional business models are vulnerable and how portfolios should be positioned for a workforce that may look very different in a decade.
This is where discipline matters. Chasing short-term gains with new AI companies isn’t the answer. History is full of transformative technologies that produced great outcomes for users but poor returns for investors who bought in at the peak. Instead, we always recommend a diversified and disciplined investment strategy as part of a holistic financial plan.
At Newealth, we help clients navigate emerging investment areas like AI without losing sight of long-term financial goals. If you are interested in new investment options, please contact us for a confidential discussion.
General Advice Warning:
The information in this blog is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether the information is appropriate for you and seek professional advice before making any financial decisions.
Newealth Pty Ltd ABN 61 091 100 275 | AFSL 231297
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