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For anyone interested in the Theranos story, the reporter that wrote this article (John Carreyrou) is the same one whose investigation brought down Theranos. He
by pchristensen 8y ago
For anyone interested in the Theranos story, the reporter that wrote this article (John Carreyrou) is the same one whose investigation brought down Theranos. He wrote a book called "Bad Blood: Secrets and Lies in a Silicon Valley Startup" (https://www.amazon.com/Bad-Blood-Secrets-Silicon-Startup/dp/152473165X https://www.amazon.com/Bad-Blood-Secrets-Silicon-Startup/dp/...). He was also recently on the podcast This Week in Startups to discuss Theranos: http://thisweekinstartups.com/john-carreyrou-bad-blood/ http://thisweekinstartups.com/john-carreyrou-bad-blood/ or https://www.youtube.com/watch?v=dWQYKVasMoY https://www.youtube.com/watch?v=dWQYKVasMoY ).
Basically, Elizabeth Holmes wanted to be a billionaire and restore her family's fortune. She started a medical tech company but didn't include any scientists or doctors on her board. Demos and employment were tightly controlled by NDA, and structured so as few people as possible knew about the scam. Somewhere between 1-8M (10-100%) of blood tests Theranos performed on hacked machines from other companies are suspect or outright wrong. Her company rode the "unicorn" wave at just the right time to get lots of funding and publicity, even though it has been operating since 2006.
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