This conversation got started when @saf shared the news that Larry Ellison is now a member of Tesla’s board:
Bad Blood is a book about Theranos, a Silicon Valley tech startup which claimed to have revolutionised blood testing & made it to a $6bn valuation, with their founder being praised as “the next Steve Jobs”, before everyone discovered that their inventions were all smoke & mirrors. It’s a great read! There’s a more detailed summary of the book here.
Me too! One of the most surprising nuggets in the book for me was how little due diligence Murdoch does. (Plus the fact that he didn’t try to stop the WSJ’s reporting that kickstarted Theranos’ demise ). Then again, I found out that he invested in Uber early on too & no one gets VC investment right 100% (or even 25%) of the time..
The papers are worth more, and the investment can become a tax write off, so better to watch from the sidelines. Also I doubt Theranos would have explained everything they were hiding.
The book mentions fake it until you make it, and the bus analogy, I was reading it and thinking of Reid Hoffman’s quote Someone who jumps off a cliff and builds a plane on the way down about entrepreneurs.
This is the problem with rich people always getting out of it. How the Sacklers manage to get out of mass murder richer by paying the fine in instalments from interest made from said crime is a crime in itself.
This lady may not be on the same scale but should locked up as a deterrent but like so many probably won’t.
The morning before that, the loudest reading while court was in session was 58 decibels; that afternoon also peaked at 60 decibels. According to the University of Michigan, the average noise levels in an office are 70 decibels.