In this week’s case study we revisit Theranos and Elizabeth Holmes to discuss how a $9 billion dollar startup was vaporized in the face of an 11 count indictment.
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About Theranos:
Theranos is a privately held health technology company known for its false claims to have devised revolutionary blood tests using very small amounts of blood.
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About Tom Ellsworth: THOMAS N. ELLSWORTH, is an experienced CEO / COO and veteran entrepreneur. He has been disrupting industries and driving consumer shifts through Venture-backed companies in technology, software development, publishing and mobile that have generated exits totaling over $1B.
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The rad flag right away was the stupid impressions she was going of Steve Jobs! Right off the bat that gives you psychological insight into what is going on in that personality of hers. Pretending, fake, actor, obsessive personality, dillusional, etc
Glad you were much more on point about her and her crimes this time. You probably hate me for the comments I made on your first theranos profile but I find her so disgusting and such a sociopath it is hard to listen to anyone make a single excuse for her because she not just knowingly liked to people about her non-existant not possible tech but also, and maybe worse, treated her employees like utter garbage and ruined many of their lives along with her disgusting boyfriend sonny. And those people will never get justice for the many days and nights she destroyed of their lives. I once had a boss exactly like sonny so I am particular sensitive to what a monster he is/was and the same for Holmes! People like that need to be exposed for the horrible people they are toward the rest of humanity and hopefully the movie coming out will pull no punches in that way. Thanks again for flat out saying she is a criminal, monster, and should be in prison. People need to hear that with zero caveats. I can now watch the rest of your videos with a much better feeling about you (not that you care I'm sure). Michael
please make a video about Juicero. Its the poster child for what wrong with Silicon Valley design, "it a solution for rich people thats worst than the problem."
Your facts are not actually correct. You said Theranos chief scientist committed suicide early on in the company and then 10 yrs of PR came afterwards. Ian Gibbons committed suicide in May 16 2013. So that can't be 10 yrs ago. Right after the suicide, the company value plummeted.
Those of us that do research on human blood, and try to develop diagnostics, knew the claims by her were BS. All of her backers did not do their own investigations… there are many villains, not just Elizabeth Homes..
Big thumbs up for this series – I don't watch much besides the case studies on valuetainment, but Tom Ellsworth is great at presenting a story with some business lessons. I've gotten a lot out of it for my own business, even though I'm really small. Keep it up!
Almost no information – waste of time.
The mainstream press is somewhat silent on the whole matter and does not think she will get much time in prison. Elon Musk have some of these elements but he seems to be able to make silent adjustments when his ideas hit reality
For her, orange should be her new black!
When you are in politics or business and a white guy commits suicide, you know for sure something nasty is going to hit the fan.
hahaha "The Endos" I love it!
Hillary MkII
Thumbs up if you guys want a case study on Absolut vodka and how the promotion succeeded.
Hey, how about a case study on Groupon?
Jesus Christ she sounds like my Ex smh
Thank you for the additional info.
Her case goes beyond ego and hubris, those are things you can overcome, she has a serious personality disorder.
Have you read the FDA applications from Theranos? You talk too much business but not science
'we want to hear your opinion'. no you don't. you just get more ad revenue when your videos get a lot of comments
Elizabeth Holmes is a scammer psychopath, she is never on the path of truth. All her backers are just as ignorant as she was, old men and women who are just as narcissistic as her. They were all eyes on money.
imagine not paying attention to your own ace reporter at WSJ and losing $10 billion
Nice presentation.
There are loads of people like Holmes. But what they lack/lacked was access to old powerful men. Just look at the board of directors and the major "investors". As Graham Greene said in his famous essay on Shirley Temple in 1937: These old men, mostly has been politicians, were in love with Holmes. She knew it and had no compunction in selling herself to them. They were delighted to have a good looking YOUNG woman fawn over them. And she was a terrific fawner. The fault was not in Holmes. She was just a glib barker without a shred of technical ability. The fault was in all those old men who put their "name" behind what she was selling. And they knew less than she did about the subject. Just as an aside, this was not a new idea. Developers had been working on this for years and it was found not to be not feasible. But if Martha Stewart can go to jail over a $15,000 stock tip, Holmes sure can. The problem is Holmes is a snowflake with powerful liberal allies who will not let her go down. She will spend no time in jail.
It was a feminist hype.
Why u wearing a dress ?
"one more day" …
“Board of Directors with NO medical experience.” Bingo! Thank you! That was my first impression on reading the 2014 Forbes article. The article portrayed this as the greatest BOD ever. Are you serious? It’s the worst! This is a science company without a single scientist on the BOD. Run.
Those who can, do. Then there are the "life coaches".
THER-a-nos THER-a-nos THER-a-nos SHISH!
I had to stop watching at 2:17 of the video. You had already misrepresented the ordering of investors and the when and why they invested–this to me was a critical mistake in your presentation. Thumbs down
Another tragic victim of the patriarchy.
Anyone who has had diabetes for thirty years would know that what Theranos was selling was a piece of blue sky. There are indeed blood tests that can be done with a very small sample of blood. Blood glucose, INR (basically, a proxy for "how long does it take you to clot when you cut yourself?"), cholesterol, or ketones are such tests. But they are also exceedingly simple tests. In the case of glucose, the machine basically looks at how much of the sample is basically glucose and extrapolates that into a "this is the average amount of mmol per litre you have in your blood".
Tests for more pressing concerns such as cancer, AIDS, or immune system function are much more complicated and require looking at a much larger sample. Could you look at a drop of blood and say the patient is HIV-negative? Sure, but I would not rely on that since HIV cells can be sneaky little fukkers.
I have had blood drawn for allergy testing. I was having a mostly in the skin general reaction at the time, and the doctor took at least three 30+ ml samples to send off to the lab. Looking back, I understand that these samples would likely have been subjected to repeated tests, including just looking to see what kind of antibodies might have been swimming around in them at the time. But I know there is no way in hell the pathologists could have done as many tests as they did with just the samples I take from my fingers to measure my blood glucose. Not now, not ever.
If you are an investor and someone comes to your table saying they have this marvellous idea that could change the world for people who suffer from diabetes etc, it behoves you to talk to people who do have diabetes or whatever other condition the person at the table proposes to change. Talk to them about why they go through the routine they do. Gain an understanding of how things work, and why that person does what they do. Because odds are, when you do that, you will figure out that what your potential investment is proposing is bullshit.
I don't think she should be locked up for 24 months.
It should be for thirty-forty years, and lock up her "boyfriend" too.
The con they tried to pull hurt dozens if not hundreds of patients, brutalized hundreds of employees, and cost many people millions of dollars.
Lock them up so they can start the long, long process of "rehabilitation"!!!