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> Laura is from the rich Stanford/Menlo Park VC/Palo Alto crowd, and that's Holmes' base of support as well. What support did Holmes have in SV? Yes, Draper p
by anamax 5y ago
> Laura is from the rich Stanford/Menlo Park VC/Palo Alto crowd, and that's Holmes' base of support as well.
What support did Holmes have in SV?
Yes, Draper put in some early money and Ellison put in some money, but the vast majority of Theranos' money seems to have come from outside the valley. (Yes, George Schultz lives in SV, but he's part of the SV investor "scene.")
- AlbertCory 5y agoYou're thinking of the Sand Hill Road VCs, I guess. You're right: not much if any. However, Schultz was in the Hoover Institute (on the Stanford campus), and he introduced her to lots of other government / defense heavyweights. James Mattis actually testified at the trial, for instance. Once you have a prestigious backer, the others fall in line like sheep. I actually met Laura once, before she married Marc. Those people all know each other, believe me (I'm not one of them, in case you were wondering; it was some charitable thing).
- anamax 5y agoYes, Schultz introduced Theranos to "not SV" people, such as Mattis and the Walmart heirs. How does that make Theranos part of the "Stanford/Menlo Park VC/Palo Alto" crowd?