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The loan that Theranos took out from Fortress last year is secured by the company’s assets and IP (https://techcrunch.com/2017/12/23/theranos-gets-100-million-i
by cepth 8y ago
The loan that Theranos took out from Fortress last year is secured by the company’s assets and IP (https://techcrunch.com/2017/12/23/theranos-gets-100-million-in-debt-financing-to-carry-it-through-2018-with-some-caveats/ https://techcrunch.com/2017/12/23/theranos-gets-100-million-...). Fortress is no slouch, but I wonder if their acquisition by SoftBank has changed their model to more of a VC risk taking appetite instead of traditional Wall Street firms.
Further, the late Ian Gibbons was the “real” inventor on many of these patents. At the end of his life, he despaired to find out that because Elizabeth Holmes insisted on being listed as an inventor on all of Theranos patents, that was potential grounds for cancelling the patents altogether should someone challenge the patents in court.