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The NY Times completely misses the point about all of this. What a shitty example of journalism. SV isn't to blame in any of this, we get it. But that's not the
by josh_carterPDX 10y ago
The NY Times completely misses the point about all of this. What a shitty example of journalism. SV isn't to blame in any of this, we get it. But that's not the point. Theranos is failing because of the lack of due diligence needed in an industry so heavily regulated. The oversight needed for something as sensitive as blood tests is something I don't think anyone involved with Theranos took very seriously including the CEO. Now they're doing damage control that will ultimately derail their progress and possibly close the company. All of this could have been avoided by putting in place a team experienced, not only in the industry, but had close ties to some of these regulatory organizations to ensure nothing like this could have happened. I think the idea is a great one, but unless you put in place someone well intrenched in the medical industry you put yourself in a position to find these surprises. Sucks. I was pulling for them. I also think the media is making this bigger than it needs to be which is contributing to the accelerated downfall.