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Theranos had that Walgreen's partnership, close ties to the DoD (a potentially huge client), and high hopes. Uber may be selling over $5bn a year, but they are
by ckastner 10y ago
Theranos had that Walgreen's partnership, close ties to the DoD (a potentially huge client), and high hopes.
Uber may be selling over $5bn a year, but they are doing so at a tremendous loss. Regardless, judging from its current valuation, investors also seem to have high hopes for the future.
The initial success of both companies can be attributed to their respective CEOS; however, grandparent suggested that the skills needed to start something are different from the skills needed to grow or to maintain something and I believe that that suggestion is just as applicable to Uber. Just as Holmes failed to realize Therano's potential, Kalanick may fail at realizing Uber's potential. Many even expect this (seeing as we are discussing an article title Why Uber Won't Fire Its CEO).
Side note: I share your opinion that Theranos was a fraud in general, but Uber has been accused of that, and far worse, in recent times. Case in point, this other article currently on the front page: "Uber said to use “sophisticated” software to defraud drivers, passengers", https://news.ycombinator.com/item?id=14053011 https://news.ycombinator.com/item?id=14053011