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In startup-world, this is known as "faking it until you make it." Well done Theranos, keep at it!
by ccvannorman 11y ago
In startup-world, this is known as "faking it until you make it." Well done Theranos, keep at it!
- whitehat2k9 11y agoNeedless to say, that kind of strategy works for tech and apps, but not when people's lives are potentially at stake.
- gozo 11y agoDepends on what you mean by "make it". Banks quite often convince people to by into funds they know won't perform. They "make it" in terms of fees, but I don't find it very admirable.
- forgetsusername 11y ago>Banks quite often convince people to by into funds they know won't perform Please provide an example where a bank "convinced" people to buy something it "knew" wouldn't perform. That would be fraud. I'm sure it occurs, but certainly not "quite often". And, no, Goldman Sachs going short securities it sold as a market-maker isn't an example of such.
- w1ntermute 11y agoOr "doing things that don't scale." Holmes and her hucksterism would have been a great fit for YC!
- deleted 11y ago[deleted]
- Jerry2 11y ago>Well done Theranos, keep at it! Really? What if your family member died because of inaccuracy of Theranos' results? Would you still cheer for them? This whole article is extremely damning. Some stuff just makes your head spin: >Carmen Washington, a nurse who worked at a clinic owned by Walgreens in Phoenix, says she began to question Theranos’s accuracy after seeing abnormal results in potassium and thyroid tests. >She says she raised her concerns with the drugstore operator and Theranos’s lab director, asking for data to show that the company’s finger-prick testing procedures produced results as accurate as blood drawn from a vein. >“They were never able to produce them,” she says. Ms. King says the company did show detailed testing-accuracy data to the nurse. Anyway, if you ever need any tests done, stay away from Theranos.
- onewaystreet 11y agoSarcasm is a lost art.