Sources Contact Advanced Search Tutorials

An Interest In:

Web News this Week

Search Archive

Some of Our Sources

View All Sources

Help Webnuz

Referal links:

June 9, 2018 04:34 pm

Theranos Founder Elizabeth Holmes Seeks Investors For New Company

There's a new surprise from the Wall Street Journal's John Carreyrou (author of the Theranos expose Bad Blood: Secrets and Lies in a Silicon Valley Startup). An anonymous reader shares Vanity Fair's summary of their newest podcast interview:According to Carreyrou, Holmes is currently waltzing around Silicon Valley, meeting with investors, hoping to raise money for an entirely new start-up idea. (My mouth dropped when I heard that, too....) I'm sure she will somehow succeed in convincing someone to hand over millions of dollars, especially if venture capitalists like Tim Draper (an early Theranos investor) are still out there saying the stories by Carreyrou were wrong (they weren't), and that Holmes was on the precipice of saving the world (she wasn't) before the media came after her. You would think that seeing Holmes's duplicity wrapped up in a neat bow in Carreyrou's book, and in the S.E.C. settlement -- which, incidentally, mentions the term "fraud" seven times -- would force Silicon Valley to perform its own due diligence, and question whether the way C.E.O.s, investors, and the media interact should be re-evaluated. But alas, the tech world doesn't see Theranos as a tech company, but rather a biotech outlier... Of course, there is still a major criminal investigation underway by the F.B.I., one that could end with Holmes behind bars. Carreyou tells another interviewer that Theranos "is a cautionary tale about the hubris in the Valley... there's certainly a lot of innovation there, but there's also an unbelievable amount of arrogance and pretending."

Slashdot

Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..

More About this Source Visit Slashdot