Based on John Doerr's statements about Theranos, it seems like it's more of a religious belief in the company and it's founder than a rational approach to inves

Based on John Doerr's statements about Theranos, it seems like it's more of a religious belief in the company and it's founder than a rational approach to investment. Of course, prior investors are incentivized to continue to act like it was a viable company lest their clients, the investors for their funds, realize that there was no due diligence on this deal and possibly on other deals these firms have engaged in.