Bad Blood: Secrets and Lies in a Silicon Valley Startup Book by John Carreyrou
Elizabeth Holmes is a Stanford Engineering dropout with a hare brain idea of a product that was touted to save the world. Though the theory of the blood test machine was flimsy, Theranos and the mini blood tester ignited the imagination of venture capitalists. Together with Balawi, her partner, she cheated billions of dollars off billions in the product that was not. Theranos, the unicorn and Apple in healthcare, could neither take off and was rotten in business practices to the core. Holmes promise of many tests based on a pin prick sized blood did not materialized and she used commercial testers to do the job. The results were passed off as results from her miniLab. Many false positives in many diseases caused much harm to patients and Walmart's venture into healthcare a pipedream. Why would a company whose board of directors are not from the industry or discipline able to be the unicorn in Simi Valley? The rich and powerful executive board attracte...