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Seems like the right direction but I'm not sure why it had to come in response to media reports. At this point, the company simply needs to hunker down and try
by pbreit 11y ago
Seems like the right direction but I'm not sure why it had to come in response to media reports.
At this point, the company simply needs to hunker down and try to make its technology work. Demonstrating that it works will be comparatively trivial. Building a business if it works, relatively easy as well.
- sremani 11y agoThe whole exercise seems to be closing ranks. These guys would not want to lose their reputation with one article out. They will use smoke and mirrors etc. The Theranos facade will continue. Who ever thinks Elizabeth Holmes is going to go away are mistaken. With $9 Billion valuation a lot is at stake and there are lot of stake-holders. Elizabeth Holmes practically OWNS every member on that board.
- murbard2 11y agoIn addition, even if they have no hope of liquidating their position, the VCs involved have every incentive to hide problems so as not to look bad in front of their LPs.
- 7Figures2Commas 11y ago> Seems like the right direction... Huh? How in the world does Theranos shuffling its board(s) and issuing a statement supporting its "remarkable" founder represent anything meaningful? > At this point, the company simply needs to hunker down and try to make its technology work. Demonstrating that it works will be comparatively trivial. Building a business if it works, relatively easy as well. What in the world has Theranos been doing the past 12 years?
- pbreit 11y agoWhat's done is done. Sunk cost, if you will. All that matters is going forward. The board would have been smaller and included subject matter experts.