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In case anyone's wondering how Elizabeth Holmes (theranos) thought she could get away with that, or even thought it was a perfectly normal "entrepreneurial" app
by jrochkind1 5y ago
In case anyone's wondering how Elizabeth Holmes (theranos) thought she could get away with that, or even thought it was a perfectly normal "entrepreneurial" approach... I feel like she wasn't wrong, what she did IS quite typical and everyone gets away with it, with regard to how she treated investors or her fake business (which is after all what she was convicted of -- defrauding investors and lenders!), she just made the mistake of doing it in the medical industry.
> Insiders familiar with Kagan tell SV Gossip that he’s preternaturally talented at pitching, blessed with a version of the famous Steve Jobs reality distortion field that lets him work investors into a frenzy while somehow not having checked off any of the milestones, metrics or other objective criteria they typically look for.
Holmes is probably right now wondering why she got prosecuted for doing the same thing that other people do and go on to raise even more money the next time around at the next company, and I get it.
- johntiger1 5y agoYep, fake it til you make it. Look at how much money Amazon/Lyft/Instacart have lost, profitability is only X years away! (to be fair Amazon did make it)