Thursday, August 26, 2021

Bad Blood - Secrets and Lies in a Silicon Valley Startup


Bad Blood chronicles the tale of startup company Theranos. CEO Elizabeth Holmes dropped out of Stanford to start the company. Her premise was to produce a small machine that could produce all kinds of blood tests from a single drop of blood from a finger prick.

Normally you need to take a lot of blood from the body, and have a lab perform tons of tests requested by doctors. Holmes created a machine that in theory could analyze one variety of blood tests. But the machine was faulty. The real crime was putting the testing in production with real patients.

Plenty of employees determined that there was outright fraud going on. All were either fired or quit. They were muzzled by top lawyers for the company. Luckily a Wall Street Journal reported was tipped off and published a series of inditements against the company in his newspaper. He is the author of this book.

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