Having read the riveting book Bad Blood it seems Theranos failed for two reasons: 1. Elizabeth Holmes concocted a product that defied the laws of chemistry and

Having read the riveting book Bad Blood it seems Theranos failed for two reasons: 1. Elizabeth Holmes concocted a product that defied the laws of chemistry and physics and couldn't actually be built. She refused to relax constraints like size/packaging that may have made it plausible. 2. She engaged in fraud in the hopes that eventually #1 would be solved and created a culture without transparency that further hampered the product from ever working. This wasn't a case of a gamble that didn't pay off. This was a case of an infeasible idea, poorly executed, and compounding the issue with outright fraud. No startup advice necessary to avoid this.