I know there is “fake it till you make it” but usually these companies have some idea how to get success. But as far as I understand Theranos never had any tech

I know there is “fake it till you make it” but usually these companies have some idea how to get success. But as far as I understand Theranos never had any technology or approach that promised to lead to their goals. They just tried various stuff that never worked and lied about it. It was more like me starting a company that wants to create a battery with ten times the capacity of current batteries but having no idea how to achieve this so I take in a lot of money and desperately try to figure something out while having no promising insight .