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Theranos never had a real product or sales and was a fraud from the beginning of institutional investment. Comparing them to Tesla is pointless and has been don
by gammatrigono 8y ago
Theranos never had a real product or sales and was a fraud from the beginning of institutional investment. Comparing them to Tesla is pointless and has been done to death.
- Fnoord 8y agoMy point certainly wasn't to compare Tesla to Theranos. I didn't mention the two in one sentence. My point is that for every good example of a success story (about startups in this case), there's a good story of a failure. And the failures are much more than the successes. If you want to discount the failures because they don't fit your narrative, then you should equally oppose the successes when they don't fit your narrative. TL;DR my post is a reply to a post and should be seen in that context. You've taken my post out of context; please don't do that. Moreover, I recently read the book Bad Blood and I found it interesting to get an inside look at a startup who present themselves better than they actually are. I don't believe that part of the Theranos debacle is so uncommon. The severity and unique market though, are. And, that's actually underlined by the Twitter thread (the pictures). Another similarity is the massive quitting and burnout of quality personal, the fear of being fired and standing up, low morale. Those are, IMO, interesting similarities.
- gammatrigono 8y agoEveryone knows what you're implying when you bring up Theranos in a thread about Tesla.
- Fnoord 8y agoLets pretend that's true. Then why mention it?