Did anyone actually die? It’s like the food delivery guy riding his bike on the sidewalk who almost hit someone. Almost is for horseshoes and grenades.
@@sabbottart How do we know? If they relied on her fake tests then people may very well have died. She needs jailing for two reasons. The threat to public safety and as an example to other corporate psychopaths tempted to try similar scams. No doubt as she is rich, blue eyed and blonde the brown accomplice will get all the blame though. It is American way after all.
“She’s a victim” - this is so disrespectful to all those who work in the medical field. She dropped out of school when she should have stayed to listen and learn from others like everyone else.
Absolutely. But I feel zero sympathy for ever doing no DD. They all blew hot air, and fortunes. Elitist psychopaths always do this. You have to be a fool to follow. Much like this woke tiktom retard generation.
For that matter, they gave frightening false positives to people who weren't ill, causing them to stop their lives and undergo radical medical diagnostics and hospitalization often at great personal cost.
I worked inside tech companies in Silicon Valley for 45 years. She is the exception in terms of being an utter fraud and she is most certainly not a victim of anything but her own psychopathic greed. No excuses.
@@a.2734 A man committed suicide because EH put her name on all his patents. After he died, she showed no empathy. She put patients at risk with a machine that was NEVER proven to work; terminally ill cancer patients blood was used in her fraudulent machines.. She is an evil sociopath and the farthest thing from “innocent” there is!!
This documentary failed to mention that no investors or clients were allowed to inspect the labs, and any employee who spoke up with questions about lab accuracy were either fired or threatened with lawsuits from the NDAs they were forced to sign. I feel no sympathy for her or Sunny
People say things that are incorrect while believing their statements to be true. That's not fraud. Fraud involves intent to deceive. That said, I do think Holmes committed fraud.
The point that proves her guilt is that she tried to silence critics at all costs but not even tried to correct the problems and stop the illegal things from happening.
She tried to silence people with non disclosure agreements, Elizabeth Holmes was a con merchant, it’s just not acceptable to fake it until you make it when People’s lives are at Stake.
"She had no knowledge in medicine, rudimentary knowledge in engineering and she was 19" - A sceptical prof at Standford Uni Sch of Med who was not impressed by Holmes when she first heard of her business plans.
Oh yeah, then why did three separate companies steal and dismantle her company into three separate unities? It's truly very simple. A young woman couldn't be seen as the person who dismantled government interests in medicine. Her vision and equipment is in use today. Just without her. She was robbed and she is THE victim.
@@phillipstroll7385 there is something not quite right about this story. It seems that 'she was getting there' but the demands on her product were too great, it could have been a question of timing. I mean take the video games industry .. how many triple A titles get over hyped and how many consumers get lied to pre-release by the big video games studios and there is little or no recourse. I remember buying No Man's Sky on pre-order, I think Sony were backing it and my demands for my money back within hours of the game being released were met with silence BUT years passed and the development team made a good product .. finally. I know it's people's health we are talking about her and not just a video game but still.
@@phillipstroll7385 @Dave doge. People of your mental capacity-- are the type these people prey on. Oblivious to the truth, even when faced with it. What are we talking about? Her products did not complete the function she promised lol. Are y'all crazy. People die over these type of lies. She no different than a Nigerian scammer. She was getting there lol? Well she should have Waited till she got there. You know, because someone could ummm die. Btw just because a company assets are bought off, doesn't imply intrinsic value. Business is business. Assets can be repurpose. Y'all know nothing lol. Wtf
@@phillipstroll7385 Dude, I’m as feminist as they come, and she committed fraud, as did Sunny (who is also charged). They had a great vision and did the wrong thing with it: they pretended it was ready when it was not. They also harassed and demeaned employees who truly wanted the product to succeed, but knew it wasn’t operative. She’s not a victim, except of her own pathological need to be famous/wealthy/powerful.
@@BingBangBye well there are several companies now made out of holmes company. It's over a 5 billion dollar a year lobby now. There is sight diagnostics and karius just to name two. Watch the stock market for blood diagnostic start ups.. You'll find several.
I used to work for a IT software company that had a client project with Walgreens. I remember when that company hired me for software developer position, some walgreens people and company people took my interview grilling me on tough programming questions to scrutinize my coding skills. And irony is this very Walgreens who wants to hire best programmers, never once tested the credibility and performance of Theranos device they are going to use real time on patients. It blows my mind how can she do her magic on so many companies and investors and get away for so many years. Not one of these companies ever asked her real questions. All she fed them was philosophical vocabulary jargon and pack of lies which they stupidly bought
No you are wrong. A person by the name of Kevin I guess was hired by Walgreens to do due diligence on Theranos. He was a contractor I think who was getting paid by Walgreens to the tune of $25,000 per month. Theranos made Kevin to run every door in their office. Kevin was always insisting to demonstrate the technology. But Theranos was going around in circles. Finally Kevin reported to Walgreens that their Tech is BS and they never showed what they achieved. However Walgreens feared of missing out on golden investment opportunity. They dismissed his concern and invested anyway. Walgreens still wanted Theranos to demonstrate the technology after the investment however they feared Holmes would balk. So they ignored asking right questions until WSJ started asking right questions.
I think they did hire an expert to do due diligence but then they ignored his warnings. I suppose the technology and the publicity were just too tempting.
@@gotfan7743 um no, she’s not wrong. In the end Walgreens DID believe the Theranos bull. How it happened is not as important now as that it DID happen.
The second she started faking results, she committed fraud. It’s that simple. Whether she decided to try and delude herself into believing her lies is a different story, but bottom line is she started and continued to lie.
I agree!! 100% It’s a slippery slope that she got herself on and she should got off of it before bringing in investors AND before testing innocent people’s blood!!🤦🏼♀️
The credits for this film include: Casting by: Elizabeth Holmes Produced by: Sunny Balhwani Directed by: Elizabeth Holmes Written by: Legal Defense Fund for Holmes
@@greenjupiter uhhhhh, yeah... 😏 Total con artist.....we have used those teeny tiny blood tubes for at LEAST 50 yrs. When drawing blood from babies and highly compromised patients.... They're called pedi-tubes. This is not NEW and u dont need Theranos proprietary Equipment to read the results......OMG.....the MEN in this film don't have the bass voice that she fakes. The one-drop read Would be wonderful....but every nurse and lab tech walking has wished for that. But don't START by stealing an already long used technology of the pedi-tube And calling it your new name.....nano-tubes...🤦🏻♀️
@@braeutchen41 Used those tubes back in the late 1960s in a research lab in the UK, nothing new at all. If it sounds too good to be true, it almost certainly is.
@@Tocsin-Bang IKR!?.... when I think of all the 3-drop samples I sent lab. I learn quickly NOT to squeeze that pinkie, or tiny heel.....the tiniest bit of pressure on the wrist might give a very nice pinkie sample...and George in the lab would let me know right away,"all cells look good" 😊
Funded by her rich powerful family (Daddy's connected with Enron, says it all ) connections and millionaire husband. Don't think Balhwani was involved, he will be the one getting blamed and jailed while she gets off.
Holmes’ blood test informed a pregnant woman that her baby was not viable. Out of chance, the woman chose to absorb the dead fetus and had a healthy girl. Other tests informed healthy patients they had diabetes. Holmes knew her blood tests were inaccurate. She needs to be held liable.
This is one of the saddest elements of her fraud and gets very little attention. Here you have a scientist trying to do the right thing and Holmes/Balwani drives him to commit suicide. Considering she sent out a machine she knew would compromise over 1 million lives only to continue supporting the lifestyle they had enjoyed 10 yrs prior. What did they accomplish over 15 YEARS.
I thought the same. This is a propaganda doc. It's essentially a "What she did is no different from other innovators in Silicone Valley" puff piece. If she'd just made promises without delivering that wouldn't be horrible, but she took it a step further by lying and fraudulently performing blood tests on patients, thereby providing false results that harmed many. Just a coincidence that this doc came out the week her trial started. The documentary The Inventor and both John Carreyrou's novel Bad Blood and podcast provide the true nefarious story of Theranos.
@@drandreaj Yes-no. True, there's some tone. However, "fake it" attitude in New Silicon Valley, is, sadly, prevalent and Holmes is symptome, not the source of the problem. Though examples in this document - thoroughly educated men who knew the field inside out - are poorly selected. You can say what you want about Microsoft, but young Gates, all silver spoons and luck nonwithstanding, was by all account intelligent, hard working man with extensive coding experience gained from passsion and young age. Shockley and others were literally Manhattan Project class minds. Unlike Holmes, they had university background (even if not graduated, they dropped out late) and more or less random (Steve Jobs) but unique skillset and wisdom to enlist other real deals (like Steve Wozniak). Holmes was nothing like them. Nothing.
Any professional with organic chemistry and molecular biology knowledge knows the best existing equipments and assays used for blood testing vary in size and methodology. A drop out could not develop a new machine capable of processing over 100 complex different tests in the record time she proposed. She is so ignorant she thought she could do what IT tech people do, get the money, hire the best of the best and let them come up with something. The problem with chemistry and biology is that humans don’t creat it, we can only investigate how it works and try to find a way to read the information, AND THAT TAKES YEARS AND YEARS.
Even ceo of a company has to have the knowledge of what to do, instead of letting underlings do the magic. Tim Cook has many talented people working under him but he himself has experience and a degree in business management. Like it or not, the CEO ultimately decides the direction of a company and it is best if he or she is not a fraud.
She knew the product didn’t work, and could put tons of peoples lives at risk. She’s not a victim. Maybe the product is possible but doesn’t make the way she went about everything okay. She lied and hide information from everyone. Not okay at all! And someone took their life because of the actions of her and lying and didn’t even say anything really. And he was such a BiG part and was there from the beginning is Truly so sad. Heart goes out to his family and friends. ❤🙏🏼
Was Theranos tech ever used for actual diagnosis? As far as I can tell it wasn't, but I might be wrong? She has only been charged for financial crimes so far.
@@TheCamps10 I would like an answer to that question as well. In the final analysis, which government agency approves these auto-analyzers, does anyone know?
What blows my mind (discussed only briefly at around 49 minutes) was the utter lack of professional biomedical experience on the Theranos board and how insane that is. That tracks with an aspect of Silicon Valley culture I find endlessly frustrating when I work with it. Outside of a phenomenally narrow domain around software, Silicon Valley has a terminal contempt for expertise. That's why they worship these 19 year old college dropouts - I think the culture believes that actually studying something to try and know what you're doing is worse than nothing.
As I was watching this public rehabilitation and marketing promotion for Elizabeth Holmes, I was thinking: "Am I the only one who can see that the reporter is trying to blame everyone EXCEPT Elizabeth Holmes for the disaster that was Theranos?" Thank you Yahoo Finance for your "objective" journalism on this slickly produced propaganda piece. That reporter, whoever she is, needs to demand a refund on her journalism degree.
Exactly. I'm tired of people trying to give her a way out of this......with Theranos the patients were the customers. Again, the PATIENTS.... please stop trying to make it seem like people died of Google coded incorrectly
and tested their products to ensure they worked and thereby lay the success, not the other way around. The investors are fools, if you can see nothing, then that is what is being sold.
the whole documentary was to justify her fraud...."fake it, till you make it", "everyone else did it" "she is a victim of a bad culture ". the lesson we learn here is, if everyone else lying and cheating, you should do it too and it's justifiable even if it's about peoples life. I wonder, they would say the same things if this was all orchestrated by a guy. I bet the whole vocabulary would be changed. best comment ever: ThX @Ari Lee
It's intersecting how they justify scam -- she sold the idea as a complete knowledge ! it has nothing to do with not enough money. Otherwise I can open a company tomorrow saying that I know how to solve all problems, just give us more money and wait - no, better it be a young 20 y.o. girl with close to zero knowledge in a science.
@@bornrich9589 yes! exactly. I don't think people who invested in freaking apple or oracle care if it's taking too long; they are not stupid and stuff does take time. But she had this in Wallgreens! it was "opperational" that is just fraud. I think she just wanted to be Steve Jobs in a reduced timeline.
@@marivipalomino6975 what's hilarious about this is that the investors showed up a lot to do the test themselves and they would run the tests on regular machines instead of theirs. This doc is straight up lies
I'm so glad you don't portray her as a victim of the system or of the "fake it till you make it" mentality. She was a grown up, and should take accountability for her mistakes and lies devised to defraud.
Let me see if I get this right: the investors were responsible even though the founders were lying through their teeth? How does due diligence happen when bad faith is endemic?
Due diligence would have been as simple as reading about blood testing methods and detection limits. It was obvious from day one that it wasn't possible. One drop per test is feasible, but rapid stick tests for disease markers commonly return false negatives and false positives. The investors made zero effort to understand how the technology worked. That being said, Theranos falsified data.
No, you have it wrong. I don’t have sympathy for the investors in the least. It’s true that Theranos falsified data and acted in bad faith. But Holmes never backed up or demonstrated her claims. Never. Due diligence is much much more than “read / listen to what the SELLER says about what the SELLER is SELLING” lol. Preposterous.
Yeah I think in light of other companies getting the technology closer to where Holmes thought she could get it (granted with venous blood) proves that it wasn't all smoke and mirrors. Certainly she was overconfident and probably would have been better prepared had she not ditched classes and left school before getting her degree. At least one of her professors said that finger stick samples weren't suited to the number of tests she wanted.
Exactly. She wasn’t wrong. Idk how this doesn’t have misogyny written all over it. She had the idea. She deserves the credit. They’d never say the same things about men.
@@getouttamybusiness2744 Whoa, slow down there. I didn't say she was right either. Also she is a criminal. She lied her fucking face off. They just found her guilty.
Unlike the people she was trying to emulate, she had NO idea what she was doing and simply tried to BLUFF her way through until 'something' happened. Unfortunately, she picked the MEDICAL industry, which is well established and tried to reinvent it having NO idea HOW to do it. She thought you have to have an 'idea' and then create it. It would be like telling people "I'm gonna make houses you can EAT". It was ALWAYS impossible and VERY smart people told her so.
But it did turn out that what she envisioned was possible. They even showed one company doing much of it. She just wasn't honest in where her company was in the development of the tech. Could the ideas of the original team have worked out the bugs eventually? Maybe. Maybe their ideas would have had to have been scrapped for different technology. The fraud was in the honesty of the progress. The change in technology that wasn't revealed and the company pretending that their technology was working when only the one herpes test was.
@@kirielbranson4843 Very few things are impossible but unlike Jobs and Waz, who developed all of their ideas in a garage and had working prototypes and models BEFORE seeking investment capitol, she did everything BACKWARDS.
Elizabeth Holmes' MO: Fake it until you make it and find men, preferably rich and powerful, to help. They will be too embarrassed to turn you in after they realize they've been conned. If things go wrong, use the battered and abused victim card.
3:40 'to a certain degree, she is a victim'. How do people even bend their minds to this? Life is full of pressure and choices. She made really really bad choices. There is no victimhood here other than she was able to manipulate really stupid investors and run from investors that actually asked her questions. Let me tell Mr. Warmenhoven that if he believes she is a victim, he needs to reassess how he views the world.
In a way - she is a victim of shameless PC propaganda and lack of system and people who would put fraudsters and psychopats like her in her place. Look how e.g. angry Fandom defends Felon Musk literally with "Ceasar can do no wrong" mentality. People literally make living on YT from shilling to Musk!
@@piotrd.4850 I think with musk it is a nuance. Musk has a mouth and a half and made some really outlandish claims (borderline slanderous too). But ... He also is succeeding in some places and with respect to spacex, he has furthered an entire spaceflight program for the country and given the world something to try for. At least he is backing it up with hardware. His fanboys leave me completely perplexed. It's almost like humans are pre-built for some type of religion and if it's not god, race, or some other wacked out ideology ... well then why not Elon musk. I don't get it, and I've stopped trying. I don't think we can call her a victim in the same way that you would not call a murderer who uses political connections or some other type of loophole to avoid punishment a victim. Our retarded society should fix all these loopholes, but we're just an imperfect human society and the huxters keep trying to take advantage of it.
7 minutes in and this is what I'm hearing. "Look, we all lie, and sometimes people fall for it. You punish her you'll have to punish all of us." "If you were tricked that was your own fault, not hers."
The 2 statements are actually true if you delve past emotion and irritation that someone could perpetrate this upon others. But she chose to trick or lie or whatever = fraud, but EVERY investor chose to buy into it! Choice is what nullifies the fraud aspect and makes a difficult argument in court.
Why yes, we all lie. The problem is that if I lie, it's most certainly not gonna lead to patient getting a false medical diagnosis and put on/off medication that could be life-saving or life-ending.
Her fake voice is what does it to me. How anyone didn’t bust out laughing and then run like hell the second they heard her talk in that phony baritone voice is astonishing.
If you’re good at your scam then you stay under the radar, which she did. She’s done, but the next Elizabeth Holmes is already out there and just got started a year ago. It makes me sick that I actually know someone on a personal level who does this, and intelligent people fall for it because of looks.
They're so desperate to prove there is a female Steve Jobs or Jeff Bezos out there that they'll throw good judgement and common sense completely out the window to be on the ground floor when it happens.
I had a similar thought but a bit different. It does bring up to mind FAUCISMS AND CPS CHILD DISTORTION BIZ. SO MUCH CORRUPTION ALLOWED THAT ITS GROOMED INTO WHOLE POPULATION. sorry for the caps.
I absolutely cannot with the 'she's so young angle'. She was young when she first founded the company at 19. By the time she was exposed as a fraud, she was 32. She was a full-ass adult, who had 13 years to develop her company as the CEO, earning millions of dollars in the process, hiring and firing dozens of employees who tried to tell her numerous times that her ideas didn't work. She was NOT some young, innocent flower, influenced or misled by others. She knew 100% what she was doing.
the whole documentary was to justify her fraud...."fake it, till you make it", "everyone else did it" "she is a victim of a bad culture ". the lesson we learn here is, if everyone else lying and cheating, you should do it too and it's justifiable even if it's about peoples life. I wonder, they would say the same things if this was all orchestrated by a guy. I bet the whole vocabulary would have been changed
@@deathroll914 it's not casting her as a victim but explains how she screwed people over because of the dumb mindset. It takes two to tango in a fraud...like saying that the environment in which jack the ripper operated in had no part in how he got away with it...there are more than just bad guy did evil things at play.
5:16 Gunn: 'Elizabeths vision was phenomenal.' Note to self, don't invest in this guy's company. Hey Mr Gunn, I have a vision of wormhole transportation to other Earth like planets to alleviate global warming. I'm a visionary whooo hooo, give me lots of money whoo hooo.
Well the thing is she was just slightly too early to the idea. They later show in this doc that there are companies that have been FDA approved just recently that are doing exactly what her vision 10 years earlier was. Which means it isn't the same as wormhole transportation.. not even close. Did she commit fraud by lying about the companies current capabilities.. absolutely. Was she way off in predicting what the near future of medical care is.. nope. In fact she was entirely accurate. Their team just didn't have the know how to make it happen. So it's definitely not as black and white as you have been told.
So because she was such an amazingly talented manipulator, and willing to charm / lie to so many people for so much money......it's not actually her fault. That's kinda what we're saying.
@P D She is so fake! Her smile, her eyes (the way she is looking at you), her voice, her clothes, her story about her past (her "beloved" deceased uncle)...everything is a gigantic act to be seen as a "Steve Jobs" character with strong and ethical motivations! She is an excessively good manipulative, scary and fascinating sociopath.
Unlike most of the commenters I felt this documentary tried to give a broader assessment of the Theranos story. I'm someone that prefers to ponder the shades of grey and this gave me a lot more to contemplate beyond the standard and obvious takes that seemed to replicate one another. Well done. I'll be doing another dive into this story again with a more curious perspective.
Was it a suicide? A lot of murders are always masked as suicides. That's how the CIA gets rid of people in their way. Think about it, we have a lot of actors in different arenas out there. The more research I do on this individual, the more I'm convinced that Holmes is not her true name. I found in many cases, that these criminals use the names and addresses of the deceased to hide their real name in their criminal past.
After YEARS of media hype celebrating Holmes as a strong independent “Iron Lady type” woman who shattered glass ceilings by turning a brilliant idea into a 9 billion dollar company that SHE ALONE presides over, after aaaaall of Holmes’ “women empowerment” speeches she’s given with that deep authoritative voice……… If this woman ends up using the “its not my fault bc I was abused and coerced by my boyfriend” defense at trial, it’s pretty much the only thing she could possibly do make herself look worse than she already does. If that’s the case, I won’t be able to watch the trial -it’ll “trigger” me lol 😂😂
Actually, the media hype lasted maybe TWO years...and meanwhile Holmes ran her scam already for a decade. All her word salads and weird dodgy answers eventually caught somebody's attention and sooner or later, somebody would start to dig deeper and that was exactly what happened. As John Carreyrou himself pointed out, she used the media with the mistaken belief that it will always be on her terms. It is rather poetic that the media that rocketed her to stardom, are now responsible for her being exposed and now facing possible jail time..
When she realized it didn’t work, she should have returned the money, gone back to school, taken chemistry, medical, engineering, and made a machine that DID work. Then she could have established her company.
@@seapod It could go to the ethical milieu she was raised in.....which could be characterized as fraud is acceptable as long as it makes you money..... that's what Enron and it's executives did. Or if not acceptable, one can find "reasonable justification" to ignore it.
She's 1000% responsible for all of it. She may have had an idea and meant good but somewhere during the process she gave her soul to the devil and put people at risk.
Yep, fake it till you make it, but there was no way to make it. And even in retrospect, she cares nothing for the people who were damaged, they're just nameless faceless specks located across the state-line to her. Even more disgusting, the idiot jury found her not-guilty on all charges relating to injuries to medical patients. But the jury found her guilty on all charges of defrauding a bunch of old zillionaires who are so rich that they didn't miss the money at all, it's round-off error in their giant bank accounts.
In her raging angry feminist brain she thought the "accomplishments" of men were "easy peasy" luck and good fortune, only due to leverage of some kind, which gave them an advantage of investment capital and a workforce, with which "anything can be done that you put your mind to". She read too many "how to succeed" books and thought it was only a matter of acquiring the above mentioned assets and some bluffing for more time, and abracadabra she can be a whiz-kid success story too, like all those "stupid men" who don't really deserve any credit. I think it was some conception like that going on in her brain. "if they can do it, I can - there's nothing to it - you just need the same resources they had, and if I get those resources, I'll be just as successful".
Yahoo “Fair and Balanced reporting”=we interviewed a crackhead in the alley behind the studio. He didn’t directly criticize Holmes and our reporting reflects these irrefutable facts.”
It's insane how all these investors and high up people didn't demand to at least sit in the same room and watch their blood and other blood samples be tested on the Edison and accurate results be consistently generated. That's like being shown a new car, but not being allowed to drive it, sit in it or even see it driven.
Maybe Sunny and Elizabeth were not the only ones who where in this scam, the fact that investors did not read the patent registrations is just plain weird. I work in M&A and I find it a bit weird, especially that Elisabeth Holmes name is mentioned on 544 patents whilst she herself did not invent anything herself.
I just talked to my aunt about this story. She's a nurse practitioner. She knew about this while it was unfolding. She said the idea doesn't even make sense, and even just a basic knowledge of medical practice would indicate this conclusion.
You literally can’t do what she wanted to do with blood. It’s just not possible. The defenders lost their money cuz she took advantage of their ignorance
And the sad part is that given how persuasive she was, she probably could have spearheaded efforts to be on the cutting edge of what was and is actually possible in testing, leading to breakthroughs and making a substantial amount of money in the process. Instead, she tried to bend the realities of biology to fit her vision of what was saleable and ended up wasting hundreds of millions of dollars, causing incalculable damage to people who were misdiagnosed, and destroying her own life in the process.
She knew exactly what she didnt know. Holmes put other people’s health/lives on the line without ever having any evidence that what was trying to do was possible.
This woman is a fraud, it’s fair to say that in the beginning it was plausible and there was a genuine product and service, idea, but when they realized it wasn’t viable they should of lengthened the process rather than put the patients at risk, this was done knowingly for monetary gain as well as the kudos that went with the start up company being such a young woman with such a life changing idea etc….
The motto for every young aspiring entrepreneur should really be "Keep your head in the cloud but plant your feet on the ground." So many only remember the first part...
According to this movie, murder victims are responsible for their own murder because they didn’t do the due diligence to escape from their killer. If the victim had simply forced the murderer to get a psychiatric evaluation, they would have seen the killer was a psychopath and avoided their own murder.
Elizabeth fired anyone who told her anything she didn’t want to hear. Her CFO told her “you can’t fake demos, it’s okay to be aspirational but you can’t lie to inventors” and she fired him on the spot. Ian Gibbons and Avie were fired/ demoted for the same reasons
Dan Warmenhoven's statement: "It was all doable. There wasn't any engineering problem that couldn't be resolved." - What a load of horseshit. That's like starting a company saying you're going to invent time travel, collecting $9Billion from investors, making ZERO progress over several years, (while lying to the investors that progress was being made the entire time) and then having someone like Warmenhoven say, "Time travel is still doable. There wasn't any engineering problem that couldn't be resolved."
@@bascal133 flying cars are possible but highly impractical. Doing all those tests from a single drop of blood was literally impossible, because the information was not all there in the blood. (finger prick blood drop is quite filtered compared to blood from veins or arteries) Not to mention, that they would have to reengineer more than a hundred test (which are at least physically possible) to work on the molecular scale from ultra small samples.
Thank you for posting. I disagree that Holmes was a victim because why didn't she stop the development of Theranos when there were constant issues from the beginning especially from actual medical professionals stating it wasn't possible at the time. If she could have accepted the truth and put Theranos on hold to give time to look further in its development more accurately and with patience because real-life medical patients' lives were involved. Date Stamp: 08aug22
Guess Madoff was a 'victim' too. The inability of this program or its consulted expertise to simply hold the guilty accountable for their conscious actions is astonishing. Tragic. They wouldn't, for a moment, give such compassionate consideration of fraudulent criminality to the unscented class.
Her last words in this program "I would start over and do the same thing over and over again"......definition of insanity is doing the same thing over and over again expecting different results
It would be one thing if she had been saying “my product will be able to….” Or “my product will soon be able to…” but instead, she and Sonny sold a product that could do none of the things she claimed it could do, and threatened any employees who had genuine questions and concern. I think Sonny really got into her head and took it to another level, but we all have the personal responsibility not to let evil and corrupt people convince us to join in their evilness and corruption.
Just because you can imagine a Star-Trek-like medical technology does not mean it can exist. One thing that strikes me, is that she insisted on that small sample size that posed so many problems for her. I believe she had a dream. But I believe that dream had more to do with making money and selling and distributing a product, than with actually trying to solve problems of the health care system. Blood and testing was just the vehicle, was the access to the biggest market possible: Everybody has blood, everybody needs it tested at some point. All ages, all races, all genders. The largest demographic possible. And I think that's the simple entrepreneurial, strategic starting point for her "dream". Now, it may well be, that she really wanted to make all those tests possible. Fully not educated and knowledgeable enough, what all goes into blood testing. But to me it is clear the goal behind all of it was to make a d sell something that is highly marketable and that can be sold on a large scale over and over. I do think she was running behind an idea, not to make the world better, that was a side effect, but more so to have somthing that, once finished, would guarantee her large amounts of ongoing income and to make an impression.
You could go even further and say she wasn't interested in medicine or science, nor was she interested in the product that she was trying to create. She was interested in prestige, notoriety, and fame. That's what she's known for. She skipped the step in the middle of actually inventing and perfecting the technology, and went straight to "being the next Steve Jobs". She did SO many interviews, conferences, TV appearances, articles, press events, etc. She loved portraying the role of the intellectual genius inventor.
The company is different in a way it lied to investors and was faking product demonstrations, and to patients making them buy faulty blood tests which in some cases was life-threatening
The irony of this is that the only time we do a finger stick to obtain blood is when we monitor a patient's blood glucose. All other blood draws are venous draws. I don't understand why this process was never questioned by medical professionals.
it’s just mind boggling to think theranos didn’t showed and proof that the technology worked and yet walgreens bought it and started to use it on patients if the doctors didn’t question the results of the test and misdiagnosed their patients etc…how many lives would have been endangered.
Neither Carry Gunn and Dan Warmengover have degrees in anything related to biology, healthcare, and medicine. They both have bachelor degrees in unrelated areas. Unsurprising they're big fans of Elizabeth Holmes and Thernos, and think Eliabeth Holmes claims were doable. They both probably think Star Trek is a documentary of the future too.
Oh, I fully agree. i watched those guys and thought wtf, they had no idea of what they were talking about, they have no clue of the universe Holmes was trying to play in or rather Holmes was trying to play in the dot com universe when she has a medical diagnostic company. I don't know how realistic her aims are in the present state of medical technology but it's far from a slam dunk with a little elbow grease.
The assertions that this technology is doable and they share her vision indicates that they are not engineers versed in this area. There are several breakthrough (i.e. huge) technological hurdles that would be required to make even a modest fingerprick medical testing into a portable consumer device. Individual testing strips for specific medical conditions will be commonplace while the Edison device is still a dream.
Carry Gunn actually has a bachelor degree in applied physics and organic chemistry. 🤔 and a PhD in Electrical Engineering. Just saying, not defending the guy. I’m just really curious about how it is going to turn out to be.
Trying to blame the board and passing over Holmes' "fake it to make it" actually being the norm in this world is just another level to her scheming - She consciously acquired board members whom weren't experts in the field so they'd be more likely to just go along with decisions and trust what was happening.
The truly amazing thing, to me, is that the original patent was so unprofessional and juvenile, it honestly looks like a C grade middle school science paper.
Disruption works when you know the processes and can see where you can make a change because you KNOW and understand the tech or process. The most productive “disrupters” are people who have industry experience. Most innovations are incremental changes that culminate into a larger whole. The men saying “she had a good idea. It’s doable”, are crazy. I guess Labcorp NEVER wanted to simply their process and save a ton of money by taking and processing less blood? MANY people told her the tech wouldn’t work and she fired people or bullied Or siloed employees so they couldn’t talk to each other. She cosplayed CEO/Steve Jobs and thank goodness no one died or the public wasn’t medically mistreated because of it. All the college drop outs Gates, Zuckerberg etc had beta tested their ideas BEFORE they left college. She left with no prototype, no underlying education in bio chemistry or engineering. She didn’t even have a phlebotomy certification/training.
It’s really annoying how many of the people interviewed made excuses for her and in some cases tried to shift the blame to Sunny. Isn’t that sexism? Had she been telling the truth and been successful in her venture, would these same people say it wasn’t her accomplishment but her boyfriend’s? It’s amazing that so many supposedly smart people still allow themselves to be manipulated by her.
@@franciscoenciso435 I said the same thing. There are a few people running around that did the sane things to me that Elizabeth Homes did to these rich investors and none of them were ever held accountable. And I'm not rich and so I couldn't afford to absorb the losses.
That if you can afford a good lawyer you will not face jail time! That's been true for decades the rich don't go to jail and I'd they do it's a slap on the wrist while the poor who commit crimes with little to no victims die in jail. Our "justice" system is set up for the poor to fail and the rich to get away with murder which they often do.
Reminds me of the movie Romy and Michele's High School Reunion. She's like trying to do Romys voice. It's just like, deeper. So weird. Or, like one of those voice changing things that makes your voice sound crazy deep; like what kidnappers use in movies when they make phone calls to demand a ransom. Somehow it hurts to listen to it lol You can close your eyes and picture a dude is speaking and it isn't hard to picture.
![Elizabeth Holmes: The 'Valley of Hype' behind the rise and fall of Theranos [documentary]](/img/logo.svg){kind=logo}
