60 minutes had a segment on Theranos on Sunday. Wanna be Steve Jobs fakes blood testing technology, dupes investors, and is delusional.
I just finished the book, it’s fantastic and if you are looking for a good read I highly recommend it.
Curious if anyone else on BBI has read it.
about her and my phone rang so I was distracted but, I could have sworn the story said she was denying everything and trying raise more money from investors?
Shouldn't she be in jail?
Oh yeah, that's why NASA has been flying without backup plans for 5 decades now.
What's amazing is how many very successful investors didn't see right through this con artist. It's like the billionaire version of the Nigerian prince scam.
'According to my sources, it was,' said Carreyou, who had been interviewed by O'Donnell in the 60 Minutes segment that aired the night prior.
'An employee who joined the company in 2011 had a meeting with her shortly after he joined, and it was late in the day and they were finishing up the meeting and she sort of expressed her excitement that he had recently joined.
'And as she got up, she forgot to put on the baritone and slipped back into a more natural sounding young woman's voice.'
Oh yeah, that's why NASA has been flying without backup plans for 5 decades now.
What's amazing is how many very successful investors didn't see right through this con artist. It's like the billionaire version of the Nigerian prince scam.
I laughed my ass off when I read that quote a few years ago. Working in project and program management for 20 years, you have several backup plans in your projects, including rollbacks. I should try to say that the next time I need to review the schedule of a release and say I'm not bothering with any backup plans, I'll see how long I last. They should have thrown her ass out the moment she uttered that. Every now and then these VC darlings spew so much bullshit, that you lose sight of any basic reality.
Journalists totally bought into her delusion, until the WSJ reporter came along and actually did the job that no other journalist seemed to be able or willing to do.
He's the only one who publicly questioned them and kept after them from the beginning. If anything, maybe he can shed some light on why seemingly bright people fell for such an obvious scam.
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The company and this woman were complete BS from the first you ever heard of them or read about them. Why apparently sensible people put money in and associated themselves with it and with her is inexplicable. What can the book add?
He's the only one who publicly questioned them and kept after them from the beginning. If anything, maybe he can shed some light on why seemingly bright people fell for such an obvious scam.
The book adds insight into how she was able to con people for so long, and how she dealt with anyone who questioned her. And as jcn56 notes the WSJ reporter was alone here. I don't remember a ton of people in the media publicly saying that Theranos was a fraud -- all of that came after the WSJ articles.
As far as I know the story of how she and her boyfriend aggressively dealt with doubters hasn't been told previously.
Those are not the eyes of a normal human being.
This is sarcasm, right?
I'll give Greg that much, she did look like an absolute loon at least half the time, and her book of quotes matches that.
Link - ( New Window )
Neither did Bill Gates or Mark Zuckerberg - losers.