"Bad Blood" & The Crazy Silicon Valley Story Of Theranos

 

Elizabeth Holmes, the founder and CEO of Theranos, claimed to have cracked the code.  

She said she had developed the technology that would allow the medical industry to test for a variety of things with just one drop of the blood.

The problem?

Her technology wasn't real.

She had collected a variety of investors, but her product was a sham.

John Carreyrou looked into Holmes and her company and wrote about it all. 

Here is a description of Carreyrou's book, BAD BLOOD: Secrets and Lies in a Silicon Valley Startup from Amazon, where you can purchase a copy.

"In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup "unicorn" promised to revolutionize the medical industry with a machine that would make blood testing significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at more than $9 billion, putting Holmes's worth at an estimated $4.7 billion. There was just one problem: The technology didn't work.A riveting story of the biggest corporate fraud since Enron, a tale of ambition and hubris set amid the bold promises of Silicon Valley."

 

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