Consider This: Bad Blood: Secrets and Lies in a Silicon Valley Startup
This scandal shocked the world… let’s review the book.
My name is Cory, I am the President of Creative Return and the host of The Insider’s Guide To Finance. The following are my insights and learnings from the interviews and dealings I have with talented entrepreneurs, operators and financiers. I hope you find them valuable in your endeavours.
I recently finished reading this book. It covers the rise, fall, and fraud of Theranos, the multibillion-dollar biotech startup led by Elizabeth Holmes.
From my experience in finance, the first half of the book wasn't surprising at all. It was an illustration of standard operating procedures in building high-risk, high-potential startups. For some, this may be astounding.
What the vast majority of people don't realize is that in building high-risk ventures, there is a fine line between building the future and fraud. Some will argue the legal and ethical reasons this is false, but when does theory reflect real life?
As the book advances, it becomes more and more clear how Elizabeth Holmes and members of her leadership team moved beyond the grey area and perpetuated bold lies.
Worth the read? Absolutely. The masterful ability of Holmes to manipulate some of the biggest names in business and politics is fascinating and kudos to those who risked themselves to blow the whistle.
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