Joining her on stage was her Stanford professor and mentor, Channing Robertson. And Theranos was in the medical device “space,” which is pretty different from software and social media. Though I once worked for a business magazine, I never read any others. I had also never heard of her company, Theranos. Among the recipients that year was Silicon Valley legend, Andy Grove, getting the lifetime achievement award.Īlso on the list, getting the “global benefactor” award at this 2015 event, was someone I had never heard of, Elizabeth Holmes. I’m not big on attending conferences, but made a point to go to an awards event at a favorite forum in September 2015. I have covered Silicon Valley as a journalist and author for three decades now. If there was anyone not prepared to show complete devotion and unmitigated loyalty to the company they should “get the fuck out.” Elizabeth told the gathered employees that she was building a religion. Copies of The Alchemist by Paulo Coelho had been placed on every chair. The following day, they summoned the staff for an all-hands meeting in the cafeteria.
"The resignations infuriated Elizabeth and Sunny. Reads like a West Coast version of All the President’s Men. In Bad Blood, John Carreyrou tells the riveting story of the biggest corporate fraud since Enron, a tale of ambition and hubris set amid the bold promises of Silicon Valley. There was just one the technology didn’t work.
Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at more than $9 billion, putting Holmes’s worth at an estimated $4.7 billion. In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve a brilliant Stanford dropout whose startup ‘unicorn’ promised to revolutionize the medical industry with a machine that would make blood testing significantly faster and easier. The riveting true story of the breathtaking rise and shocking collapse of Theranos, the multibillion-dollar biotech startup founded by Elizabeth Holmes, by the prize-winning journalist who first broke the story and pursued it to the end, despite pressure from its charismatic CEO and threats by her lawyers.
Winner of the Financial Times/McKinsey Business Book of the Year Award 2018 the perfect book to read by the fire this winter.’ Bill Gates Now with a new afterword covering the months-long landmark trials of Elizabeth Holmes and Sunny Balwani.
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