Elizabeth Holmes founded Theranos from "summary" of Bad Blood by JOHN. CARREYROU
In the early 2000s, a young Stanford dropout named Elizabeth Holmes had a vision. She wanted to revolutionize the healthcare industry with a groundbreaking technology that could run multiple medical tests using just a few drops of blood. With this in mind, she founded Theranos in 2003, at the age of only 19. Holmes was a charismatic and persuasive leader who was able to attract top talent and investors to her company. She had a compelling narrative - a young woman on a mission to change the world and save lives. Her story captured the imagination of many, including heavyweight investors like Larry Ellison and Tim Draper, who poured millions of dollars into Theranos. However, as Carreyrou reveals in his book "Bad Blood," the reality behind Holmes' vision was far from what she portrayed. The technology that she claimed could perform hundreds of tests with just a drop of blood simply did not exist. Theranos was built on lies and deception, with Holmes and her COO, Sunny Balwani, pressuring employees to cover up the shortcomings of their technology. Despite warnings from whistleblowers and experts in the field, Holmes maintained her facade, appearing on magazine covers and speaking at prestigious events, all while knowing that Theranos was a house of cards. The company's downfall was inevitable, as the truth could not stay hidden forever. In September 2018, Holmes was charged with massive fraud by the SEC, and Theranos was forced to shut down. The once-promising startup had become a cautionary tale of ambition, deceit, and the dangers of unchecked power. Holmes' grand vision had crumbled, leaving behind a trail of broken promises and shattered trust.
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