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| VIEW EVENT INFORMATION: Elizabeth Holmes |
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The House Of Cards That Holmes Built |
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About the person Elizabeth Holmes:
Art: Corporation
Genres: CEO, Co-Founder, Entrepreneur, Executive, Founder, Management, President, Health Care, Health-Technology, Medical Service |
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Notable Organizations: Entrepreneur
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| Theranos: The House of Cards That Elizabeth Holmes Built.
Thirteen years, a thousand employees, $700 million of venture capital, 40 wellness centers. Six million blood tests. Zero revenue. This is how it happened.
Despite performing more than six million blood tests over the past couple of years, Theranos, the embattled Silicon Valley startup founded by Elizabeth Holmes, somehow managed to blow through nearly $700 million without generating any revenue, according to the Wall Street Journal.
I’ll pause and let that sink in for a moment.
How is that even possible? The company spent more than a decade developing what was supposed to be revolutionary technology that could run dozens of diagnostic tests from a few drops of blood at a fraction of the cost of traditional labs. At one point it had more than 1,000 employees burning $20 million a month. |
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