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Theranos Founder Elizabeth Holmes Seeks Investors For New Company (vanityfair.com)
There's a new surprise from the Wall Street Journal's John Carreyrou (author of the Theranos expose Bad Blood: Secrets and Lies in a Silicon Valley Startup). An anonymous reader shares Vanity Fair's summary of their newest podcast interview:
According to Carreyrou, Holmes is currently waltzing around Silicon Valley, meeting with investors, hoping to raise money for an entirely new start-up idea. (My mouth dropped when I heard that, too....) I'm sure she will somehow succeed in convincing someone to hand over millions of dollars, especially if venture capitalists like Tim Draper (an early Theranos investor) are still out there saying the stories by Carreyrou were wrong (they weren't), and that Holmes was on the precipice of saving the world (she wasn't) before the media came after her.
You would think that seeing Holmes's duplicity wrapped up in a neat bow in Carreyrou's book, and in the S.E.C. settlement -- which, incidentally, mentions the term "fraud" seven times -- would force Silicon Valley to perform its own due diligence, and question whether the way C.E.O.s, investors, and the media interact should be re-evaluated. But alas, the tech world doesn't see Theranos as a tech company, but rather a biotech outlier... Of course, there is still a major criminal investigation underway by the F.B.I., one that could end with Holmes behind bars.
Carreyou tells another interviewer that Theranos "is a cautionary tale about the hubris in the Valley... there's certainly a lot of innovation there, but there's also an unbelievable amount of arrogance and pretending."
You would think that seeing Holmes's duplicity wrapped up in a neat bow in Carreyrou's book, and in the S.E.C. settlement -- which, incidentally, mentions the term "fraud" seven times -- would force Silicon Valley to perform its own due diligence, and question whether the way C.E.O.s, investors, and the media interact should be re-evaluated. But alas, the tech world doesn't see Theranos as a tech company, but rather a biotech outlier... Of course, there is still a major criminal investigation underway by the F.B.I., one that could end with Holmes behind bars.
Carreyou tells another interviewer that Theranos "is a cautionary tale about the hubris in the Valley... there's certainly a lot of innovation there, but there's also an unbelievable amount of arrogance and pretending."
Why is it that every time I see "Theranos", I read it first as "Thanatos"?
I've calculated my velocity with such exquisite precision that I have no idea where I am.
Why would anyone trust that person with any money whatsoever? Explain please?
The phrase "A fool and their money are soon parted" is supposed to be a warning, not a lifestyle goal.
What she did was fraud, pure and simple.
https://www.cbsnews.com/news/t...
It's 2018 and there's no reason why someone who has committed fraud shouldn't believe they deserve to have more people give them money.
Crimes don't matter, fraud doesn't matter, lies don't matter. We're living in the post-truth age.
You are welcome on my lawn.
Interesting company she keeps.. It's not just the Clintons, but also other Washington power brokers, Republicans and Democrats alike. These politicians publicly denounce crony capitalism and nepotism, and privately are huge beneficiaries and promoters of it. And you can bet that every single one of her board members and political cronies made off like a bandit in her fraud. When these politicians tell you that the system is rigged, they are speaking the truth; what they don't tell you is that the very people who claim they want to fix it are the ones who are rigging it in the first place.
And pollsters wonder why voters reject both the Democratic and the Republican establishment.
Encouraging random assassination is disruptive, so why don't you get the ball rolling by shooting yourself.
I would but I like to talk big behind a computer safely pseudo anonymous. This encourages others to act on my behalf. Sort of like a worse version of Alex Jones
Anyone who gives so much as a cent to this criminal deserves to lose it. And yes, I will laugh at them. Heartily.
With all that we know about what went on there's no way this woman doesn't serve time, no matter how many well-connected people she knows.
The most obvious where the Clintons.
The 'Clinton Global Fund' was openly taking bribes. Their defenders are in denial to this day.
Nobody can come up with an innocent explanation for why the bribe flow went to 0 after she lost. But they continue to defend it.
Tattoo that defense on their foreheads. Make them live the rest of their lives, embarrassed by their stupidity.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
Remember when we used to have categories? Real categories and not stuff like Medicine and Chemistry which are industries, not proper categories like we had in the old days.
If you must moderate, please moderate as irrelevent, not something bad, because I'm sure someone will find this interest
it's so funny to see them throwing their weight around right out in the open. They used to at least be discrete about it. I can't blame them though. The working class seems to have given up all pretense of holding them accountable. At least so long as they don't look like those "coastal elites" (read: scientists).
Seriously, these guys were faking blood tests. People could have died. They should be in jail.
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I'm sure she will somehow succeed in convincing someone to hand over millions of dollars, especially if venture capitalists like Tim Draper (an early Theranos investor) are still out there saying the stories by Carreyrou were wrong (they weren't), and that Holmes was on the precipice of saving the world (she wasn't) before the media came after her.
People don't like (or want) to admit were/are wrong -- themselves or about others. example
It must have been something you assimilated. . . .
How come this scammer is yet to be prosecuted?
I thought this was really good coverage of Holmes and the Theranos story: Here, Nick Gillespie interviews John Carreyrou, the investigative reporter from the Wall Street Journal who broke the Theranos scam story and has a new book out about it called Bad Blood.
Ceci n'est pas une signature.
Get your tattoo. Be proud of your willful ignorance.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
There's a sucker born every minute
Greed is the root of all evil.
She did lose all her money as well apparently. She had common stock (whoops!) and when the company was revalued her shares lost all value. And since she exercised her options, she was in debt because of it (in any startup, get some cash compensation even if you're CEO).
She's also in a settlement agreement with the S.E.C. that she won't be an officer or director of a company for ten years. So I'm unsure how she's raising money now, who would raise money for a company they can't be a part of? But she's going to jail soon enough I think, there are criminal charges pending.
... of a public company (SEC statement, but I guess that doesn't mean she can't wander around and raise money for anything else as a private company representative...?
#theranosdemandsyourinvestment
Sure, I've got a million or two I can afford to throw away on this con-woman's pie-in-the-sky bullshit.
Just cruising through this digital world at 33 1/3 rpm...