4 ms·
No she hasn't. She just signaled to the world all the VC funds staffed by idiots that think they are the smartest peeps in the room. All the science and life-sc
by jonwachob91 9y ago
No she hasn't. She just signaled to the world all the VC funds staffed by idiots that think they are the smartest peeps in the room. All the science and life-science funds passed on Theranos b/c they could smell the bullshit from Holmes a mile away.
No one in the life-sciences or science industry was harmed by Holmes lies. The only ones hurt were the patients, un-knowing employees, and the inept vc funds.
- Qub3d 9y ago> No one in the life-sciences or science industry was harmed by Holmes lies. The only ones hurt were the patients, un-knowing employees, and the inept vc funds. None of these things fall under the category of Tech Industry, much less its reputation, which is what I was speaking to. In the case of the patients, they were rarely direct customers of Theranos and their actual provider (like Walgreens) has the responsibility of arbitrage. Walgreens, of course, is doing so via suing Theranos. For the VC funds, risk is a necessary condition to "sit at the table", so if Theranos bankrupts a VC, the blame rests only on the VC itself. The only group I agree may have been hurt are the lower employees of Theranos. Sadly, that seems to be part of the new American status quo. $company plays fast and loose with the rules, and the grunts (or taxpayers) suffer the consequences.