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A New Look Inside Theranos’ Dysfunctional Corporate Culture

By WIRED

When a chemist raised concerns about the blood testing machines' high error rates, she was ignored. So she resignedRead full story

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  • Here’s a sign it’s time to quit your job: Still visibly angry, CEO Holmes told the gathered employees that she was building a religion. If there were any among them who didn’t believe, they should leave. Her deputy, Balwani, put it more bluntly: Anyone not prepared to show complete devotion and unmitigated

    Here’s a sign it’s time to quit your job: Still visibly angry, CEO Holmes told the gathered employees that she was building a religion. If there were any among them who didn’t believe, they should leave. Her deputy, Balwani, put it more bluntly: Anyone not prepared to show complete devotion and unmitigated loyalty to the company should “get the fuck out.”

  • Isn’t it a bit disingenuous that Elizabeth Holmes will take 100% of the legal fall and blame instead of the VCs and advisors that ruthlessly drove the bogus valuation? Pushing her, a college dropout without management experience, to show rapid results and raise more. You want to tell me her board of

    Isn’t it a bit disingenuous that Elizabeth Holmes will take 100% of the legal fall and blame instead of the VCs and advisors that ruthlessly drove the bogus valuation? Pushing her, a college dropout without management experience, to show rapid results and raise more. You want to tell me her board of advisors were that disinterested or unable to comprehend what was actually happening while driving for more and more results? This is a classic example of VC and start-up group think where no one questions the results or the insane drive for more and more. We’ve created this gluttonous system and now we’re squarely pinning the blame on one person versus the system that creates these people. Yes, entrepreneurship is hard. Yes, she totally screwed up. But come on, the insane system we’ve created paved the path to this final outcome.

  • I believed in Elizabeth Holmes and that she was poised to disrupt and revolutionize the biotech industry, and waited with bated breath. Now I just wish the wounded animal called Theranos is put out of its misery soon.

    I just don’t get it. What is keeping Theranos and Holmes going? Are they betting on

    I believed in Elizabeth Holmes and that she was poised to disrupt and revolutionize the biotech industry, and waited with bated breath. Now I just wish the wounded animal called Theranos is put out of its misery soon.

    I just don’t get it. What is keeping Theranos and Holmes going? Are they betting on their miniLab going to market? My understanding is that the odds of the FDA approving it any time soon is very slim.

  • In a 2015 interview at the Stanford Graduate School of Business, Elizabeth Holmes, when asked about what she would do if her plans didn’t work out, replied:”The minute that you have a back-up plan, you’ve admitted you’re not going to succeed, so we’re not big on back-up plans.”

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