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Bad Blood: Secrets and Lies in a Silicon Valley Startup
Written by John Carreyrou
Narrated by Will Damron
Book Actions
Start Listening- Publisher:
- Penguin Random House Audio
- Released:
- May 21, 2018
- ISBN:
- 9780525642848
- Format:
- Audiobook
Editor's Note
Description
The full inside story of the breathtaking rise and shocking collapse of Theranos, the multibillion-dollar biotech startup, by the prize-winning journalist who first broke the story and pursued it to the end, despite pressure from its charismatic CEO and threats by her lawyers.
In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup "unicorn" promised to revolutionize the medical industry with a machine that would make blood testing significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at more than $9 billion, putting Holmes's worth at an estimated $4.7 billion. There was just one problem: The technology didn't work.
A riveting story of the biggest corporate fraud since Enron, a tale of ambition and hubris set amid the bold promises of Silicon Valley.
Book Actions
Start ListeningBook Information
Bad Blood: Secrets and Lies in a Silicon Valley Startup
Written by John Carreyrou
Narrated by Will Damron
Editor's Note
Description
The full inside story of the breathtaking rise and shocking collapse of Theranos, the multibillion-dollar biotech startup, by the prize-winning journalist who first broke the story and pursued it to the end, despite pressure from its charismatic CEO and threats by her lawyers.
In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup "unicorn" promised to revolutionize the medical industry with a machine that would make blood testing significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at more than $9 billion, putting Holmes's worth at an estimated $4.7 billion. There was just one problem: The technology didn't work.
A riveting story of the biggest corporate fraud since Enron, a tale of ambition and hubris set amid the bold promises of Silicon Valley.
- Publisher:
- Penguin Random House Audio
- Released:
- May 21, 2018
- ISBN:
- 9780525642848
- Format:
- Audiobook
About the author
Related to Bad Blood
Reviews
What struck me about this book was that so many people were fooled. Supposedly smart people who were investors, analysts, reporters, CEO's of Safeway and Walgreens, Theranos board members (Kissinger, George Schultz etc.) Why weren't investors and business partners concerned about the incredible turnover within Theranos? Where was the due diligence by Safeway, Walgreens, the US Army before doing business with Theranos?
It looks like all the hype about Elizabeth Holmes clouded the judgment of many investors, employees and partners. How evil was Theranos to threaten their employees constantly even when they resigned.
Theranos was fake news. The author showed various instances that their product did not work and their ads and pronouncements were full of lies.
Yet Elizabeth Holmes, and all the investors, and people who empower her, are banal to me. I work as a contractor in Turkey. I've worked in startups and corporate environments. It's too familiar. Power- grabbers, wishful thinkers, people who don't really understand and pretend to be understanding... There are too many similar stories around us, they are just at different scales.
Having said that, I congratulate John Carreyrou for his journalism. It's people like him who make us hopeful for the future.