<i>> Fraud and corporate collapses were always part of business landscape, but they became more frequent and severe in the late 20th and early 21st centuries</i><p>Is this actually true? No citation is given and my gut sense was that corporate collapses used to be far more frequent. Think railroad manias, tulip bubbles, wildcat banks. If anything economic conventional wisdom has lately become that there aren't enough corporate collapses due to the flood of endless cheap money propping up zombie firms that endlessly lose money.<p>The Theranos deck is interesting though. Even the first slide appears to be a word salad that makes no sense.
"Our immediate goal is to become the standard for improving the efficacy and risk/benefit and safety profile of every therapy"? That's an (over-broad) mission statement, not an immediate goal. Then slide 3 "Theranos Today" they're talking about assumed future deals not the state of the company in the present, and somehow "Existing deals: $120M - $1.5Bn in revenue"!?<p>Then a bunch of graphs that look like they must have come from a real patient but nothing is stated about what's really happening.<p>Also, "Drivers for success: management and culture" lol.