![]() There was just one issue: the hardware didn’t work.ĭespite operating for 12 years without showing any concrete results, Theranos raised its money on Holmes’ marketing skills, the clout of those who had already invested, and the promise of a revolution in diagnostic technology. Dropping out of Stanford at 19 to form Theranos (the name combined therapy and diagnosis), she eventually raised over $700 million in venture capital by 2013, the company was valued at $10 billion. In 2003, Elizabeth Holmes had the idea of making and marketing a device that would run various diagnostic blood tests from the few drops provided by the prick of a lancet, rather than the vials drawn from a vein in the arm, citing her own fear of needles as the inspiration. ![]() Book Review: “ Bad Blood: Secrets and Lies in a Silicon Valley Startup” by John Carreyrouīy Chris Murray, adult services supervisor at SCLSNJ’s Bridgewater Library branch ![]()
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