Bad Blood: Secrets and Lies in a Silicon Valley Startup by John CarreyrouThe full inside story of the breathtaking rise and shocking collapse of a multibillion-dollar startup, by the prize-winning journalist who first broke the story and pursued it to the end in the face of pressure and threats from the CEO and her lawyers.
In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup unicorn promised to revolutionize the medical industry with a machine that would make blood tests significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at $9 billion, putting Holmess worth at an estimated $4.7 billion. There was just one problem: The technology didnt work.
For years, Holmes had been misleading investors, FDA officials, and her own employees. When Carreyrou, working at The Wall Street Journal, got a tip from a former Theranos employee and started asking questions, both Carreyrou and the Journal were threatened with lawsuits. Undaunted, the newspaper ran the first of dozens of Theranos articles in late 2015. By early 2017, the companys value was zero and Holmes faced potential legal action from the government and her investors. Here is the riveting story of the biggest corporate fraud since Enron, a disturbing cautionary tale set amid the bold promises and gold-rush frenzy of Silicon Valley.
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Alfred A. The lab was a fake. Biden was not the only one conned. And its founder, Elizabeth Holmes, was feted as a biomedical version of Steve Jobs or Bill Gates, a wunderkind college dropout who would make blood testing as convenient as the iPhone. The first is a chilling, third-person narrative of how Holmes came up with a fantastic idea that made her, for a while, the most successful woman entrepreneur in Silicon Valley. She cast a hypnotic spell on even seasoned investors, honing an irresistible pitch about a little girl who was afraid of needles and who now wanted to improve the world by providing faster, better blood tests.
It covers the rise and fall of the firm Theranos , the multibillion-dollar biotech startup headed by Elizabeth Holmes. In late , Carreyrou began a series of investigative articles on Theranos , published in The Wall Street Journal on the blood-testing startup founded by Elizabeth Holmes. The articles questioned the company's claim to be able to run a wide range of lab tests from a tiny sample of blood from a finger prick. And yet, what I found in the book was not all that thrilling or shocking, but rather astonishingly pedestrian. Bill Gates said "Bad Blood tackles some serious ethical questions, but it is ultimately a thriller with a tragic ending. From Wikipedia, the free encyclopedia. And How It Got Caught".