Bad Blood Books Secrets and Lies in a Silicon Valley Startup
: John Carreyrou : May 21, 2018
This best selling book is the true fascinating story of how a very young Stanford drop out was able to defraud the richest and most experienced investors, CEOs, 4 Star generals – in fact, everyone. Like former Yahoo CEO Marissa Mayer, she proves that equality has really come – girls can steal just like the boys – may be better.
Secrecy, deception, litigation as a tool of intimidation. Theranos was the dark side of Silicon Valley.
SummaryIn 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: 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. 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. There was just one problem: The technology didn’t work.
Theranos CEO Holmes and former president Balwani charged with massive fraud
60 Minutes story on Elizabeth Holmes and Theranos