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Yes, absolutely. https://youtu.be/uJDc4tOU3zo?t=465 https://youtu.be/uJDc4tOU3zo?t=465
by atdt 5y ago
Yes, absolutely. https://youtu.be/uJDc4tOU3zo?t=465 https://youtu.be/uJDc4tOU3zo?t=465
- Hermitian909 5y agoI think there's some quibbling over what a SV company is. Theranos was located in SV and Holmes referred to it as a SV style company, you might argue this is enough to make something a "Silicon Valley Company". I think OP would view such a company as one both in SV and embraced by the local ecosystem of developers and investors. I think SV "learning a lesson" from the downfall of a company only makes sense for the latter definition, and I don't think Theranos fits it. In reading Bad Blood it becomes apparent that, Tim Draper aside, the SV investor community realized much earlier than anyone else that Theranos was shady and either pulled their money or stopped investing. As someone living here in the area at the time I felt it was common knowledge in dev circles that Theranos was shady and lying about their capabilities (though not to the level that was revealed). Certainly it did not seem to be a prestigious place to have on your resume. Given that the SV ecosystem seemed to largely sniff out Theranos before the rest of the world it seems weird to expect them to learn a lesson from its downfall.