The complete inner story of the shocking rise and shocking collapse of the multi-million dollar start of the journalist who first broke the story and ended the pressure and threats of the CEO and his advocates.
In 2014, Theranos founder and CEO Elizabeth Holmes is widely seen as the wife of Steve Jobs: a remarkable graduate of Stanford, whose unicorn promised a medical revolution with a machine that would make blood tests much faster and easier make. Backed by investors such as Larry Allison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at $ 9 billion and valued Holmes at about $ 1 billion. There was only one problem: the technology didn’t work.
https://ankitacademy.com/2020/06/03/the-e-myth-revisited-by-michael-e-gerber-download/
Holmes has been misleading investors, FDA officials and his own employees for many years. When Kerrera, who worked for The Wall Street Journal, received a tip from a former Theranos employee and began asking questions, Kerrera and the Journal were threatened with litigation. At the end of 2015, the paper spontaneously published the first of dozens of Theranos articles. In early 2017, the value of the business was zero and Holmes was facing possible legal action from the government and its investors. It’s an incredible story of the biggest industry fraud since the time of Enron, a disturbing cautionary tale amid bold promises and the madness of the Silicon Valley gold rush..
