Often, we look at the negative in what Ms. Holmes wrought (rightfully so).<p>Instead, for a sec, look at one positive point in what Tyler Shultz brought forth through his heroic actions against Theranos[0]. His story showed us what SV is and what it can be. Though never guaranteed, he has a happy ending as he recently launched Flux Biosciences in 2017[1].<p>Remember: Be like Tyler Shultz.<p>[0]<a href="https://www.vanityfair.com/news/2016/11/explosive-new-details-emerge-in-lawsuit-against-theranos" rel="nofollow">https://www.vanityfair.com/news/2016/11/explosive-new-detail...</a><p>[1]<a href="https://www.forbes.com/sites/elliekincaid/2017/10/03/after-blowing-the-whistle-on-theranos-tyler-shultz-is-going-back-into-diagnostic-testing/2/#399c8cc4fd5f" rel="nofollow">https://www.forbes.com/sites/elliekincaid/2017/10/03/after-b...</a>
I still can't believe how Elizabeth Holmes got away with just a slap in the wrist. Is it because the board was full of connected people? Or because it's a successful woman CEO story? Either way, it's a disgrace. Sociopaths will pick this signal as a boost of confidence.
Wait. They still had a workforce? What the heck are they working on? How are they still extant? The entire operation was revealed to be a world-historical fraud! How is this company still in operation on any level? I don't get it.
They just raised $100M from Fortress Capital backed by their patent portfolio. If I had to guess this money is probably coming from a subset of their existing stuck investors banding together in a magical thinking exercise to win back. A good lesson in human frailties. It's hard to watch something you had that you thought was worth billions go to zero. They might as well have funded a whole new company.
Now take a minute to think about the actual employees. Most of them did nothing wrong. Many relocated of left their previous jobs, their carriers are disturbed, their CVs tainted.
You'd have to be pretty stubborn to remain at this company after all of the bad news it's been getting lately. The writing was on the wall like a year ago that this ship was sinking, why would anyone stay?
Again, what did you expect?<p><a href="https://medium.com/multiple-personalities-order/how-to-be-the-best-investor-in-the-world-ed31163fe965" rel="nofollow">https://medium.com/multiple-personalities-order/how-to-be-th...</a>
Where does Elizabeth Holmes go from here? Does she have a future somewhere else, or is this something that will be hard to come back from? I don't see her as someone who would willingly work for others. Thoughts?
I actually found it incredible that they had 125 people still working for them. Why would anyone continue to spend their time working for such a disreputable company?
This article aged so well: <a href="http://time.com/3822734/elizabeth-holmes-2015-time-100/" rel="nofollow">http://time.com/3822734/elizabeth-holmes-2015-time-100/</a>