8 ms·

I can't imagine what Liz's end game might be. What did she expect to happen in this situation? The healthcare industry is very tightly regulated. If you want t

I can't imagine what Liz's end game might be. What did she expect to happen in this situation? The healthcare industry is very tightly regulated. If you want to (temporarily?) mislead investors or customers, it's one of the worst options out there. And after a decade in stealth mode, why did she make things public in 2013, before the technology was working? If she's as much of an attention-seeker as some say, how did she survive for the first decade without anyone caring?

bane 11y ago
> What did she expect to happen in this situation? In my more charitable moments thinking about what they're up to the best I can come up with is "AirBnB/Uber". Just ignore the law and hope it goes away long enough to make money. But both of those companies actually offer a working and viable service/product while Theranos doesn't seem to be even at that MVP point yet so that doesn't really even make sense either. At this point they're just taking VC money and lighting it on fire.
finance-geek 11y ago
I'm not comparing Theranos to a ponzi scheme (e.g., Madoff) but the path may be the same -- they tell a small lie, then another lie to cover it up, then a bigger lie. Pretty soon there is great press, they are in too deep to backtrack and have to keep exaggerating just to keep up the baseline.