Bad blood

secrets and lies in a Silicon Valley startup

Paperback, 541 pages

English language

Published Feb. 17, 2018 by Random House Large Print.

ISBN:
978-1-9848-3363-1
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OCLC Number:
1029561610

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In 2015, 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 fund-raising round that valued the company at more than $9 billion, putting Holmes's worth at an estimated $4.5 billion. There was just one problem: the technology didn't work.

For years, Holmes had been misleading investors and retail partners such as Safeway and Walgreens, hiding the fact that her technology was flawed and had serious limitations. Meanwhile, Holmes and her partner, Sunny Balwani, fostered a mercurial and highly secretive workplace environment in which Theranos employees routinely saw their colleagues fired for raising red flags. Their deception would lead to nearly one million false test results, …

11 editions

Subjects

  • Securities fraud
  • Hematologic equipment industry
  • Case studies
  • New business enterprises
  • Theranos (Firm)
  • Large type books
  • Corrupt practices
  • History

Places

  • United States