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> ... but she did do a very good job amassing big names, capital, and fantastic media attention to Theranos[1]. Things that every startup needs to do well. She
by slackstation 10y ago
> ... but she did do a very good job amassing big names, capital, and fantastic media attention to Theranos[1]. Things that every startup needs to do well.
She did that largely because everyone wanted her a young, well educated smart white woman to succeed. Everyone wanted to be a part of an industry where she and other women like her could found billion dollar unicorns. They wanted her as a role model. They were willing to look past the signs that things weren't adding up until the very end when it all came crashing down.
So, no I don't think her story should be held up for emulation because it's unlikely to be repeated.
This industry still desperately wants a woman to make a billion dollar startup that isn't in fashion, or markets where women traditionally are greater consumers or have greater inside knowledge (fertility, ovulation, makeup, certain parts of the fitness industry, etc.)
I don't know if Elizabeth Holmes has hurt the image of women at the helm. She hasn't helped. I would like to think that I'm a part of an industry that doesn't think that every woman who wants to found a non-woman's industry startup is the next Elizabeth Holmes. I don't have data on that either way.