Bad Blood - Summarized for Busy People: Secrets and Lies In a Silicon Valley Startup: Based on the Book by John Carreyrou
By Goldmine Reads
- Release Date: 2019-03-02
- Genre: Business & Personal Finance
Description
Back in 2014, the charismatic Elizabeth Holmes, founder and CEO of Theranos, was widely considered as the female counterpart of Steve Jobs. She was a teenage Stanford dropout who had established a startup whose ambitious claim was to develop cutting-edge technology capable of revolutionizing the present blood testing systems in the medical industry. Prominent figures such as Tim Draper and Larry Ellison had invested on Theranos, which once reached a valuation of $9 billion after selling shares in a fundraising round. At this point, Elizabeth Holmes’ net worth was estimated to be around $4.7 billion. All eyes were on Elizabeth Holmes and her company, but the main problem was yet to be solved: Theranos’ technology was a fraud.
