Theranos - Bad Blood/Trial/The DropoutšŸ’‰šŸŽ§

Investing and Markets šŸ“ˆ
1

This conversation got started when @saf shared the news that Larry Ellison is now a member of Teslaā€™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 ā€œthe next Steve Jobsā€, before everyone discovered that their inventions were all smoke & mirrors. Itā€™s a great read! Thereā€™s a more detailed summary of the book here.

2 Likes
2

Thatā€™s a good book, great journalism originally by John Carreyrou.

Apparently Elizabeth Holmes has been pitching another startup.

I was really surprised with how many smart people she convinced to join her. I wouldnā€™t have thought George Shultz, James Mattis, or Rupert Murdoch would be so easily caught out.

2 Likes
3

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 didnā€™t try to stop the WSJā€™s reporting that kickstarted Theranosā€™ demise :eyes:). 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..

2 Likes
4

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 Hoffmanā€™s quote Someone who jumps off a cliff and builds a plane on the way down about entrepreneurs.

2 Likes
5

A really great read, highly recommended.

1 Like
6
1 Like
7

Reviving an old threadā€¦

1 Like
8

There is a new load cast series by the same journalist.

1 Like
9

If only she could have got the Japanese SoftBank to invest then maybe sheā€™d have walked away a billionnaire like Adam Neumann of WeWork!

4 Likes
10

Next they will be making a miniseries out of itā€¦ oh they are :open_mouth:

1 Like
11
1 Like
12

So the trail beginsā€¦

1 Like
13

How is she going to get out of this one???

2 Likes
14

Sheā€™s is a master manipulator but she doesnā€™t get to control the situation now. I think sheā€™ll be found guilty but not get the sentence she deserves.

Trevor Milton from Nikola however ā€¦

2 Likes
15

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 wonā€™t. :cry:

3 Likes
16

Complaints about the noise of keyboard typers lol

Apple need to get onto it a reduce the sound levels of their mac :rofl:

1 Like
17

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.

Itā€™s the one finger thumpers I tell you :slight_smile:

3 Likes
18
2 Likes
20

Sure weā€™ve all added a logo to a report from a company that had no idea it was there ā€¦ thatā€™s not fraud just being creative!

2 Likes
21

Hi @freetrade, when will this stock be added?

Looking for an innovative biotech company to invest in and fundamentals look good. Also, good diversity with young, female lead. Looking to invest my SIPP.

Thanks

10 Likes