How a Finger-Prick Fantasy Became a Billion-Dollar Disaster
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One of the wildest business stories of our time... Elizabeth Holmes and the Theranos disaster. And honestly… where do you even start with this one?
Holmes dropped out of Stanford at nineteen, put on a Steve Jobs turtleneck, lowered her voice about two octaves, and somehow convinced some of the richest, most powerful people on the planet to throw over $700 million at a device that never actually worked. (If only confidence alone could do that for the rest of us.)
Theranos promised to change healthcare forever with a simple finger-prick blood test. In reality? Their machine was so inaccurate that results could be up to 40% off, which is… not ideal when you’re trying to diagnose actual diseases.
It took brave whistleblowers to finally crack the illusion. Holmes ended up with an 11-year prison sentence and a casual $452 million restitution bill.
But beyond the drama (and oh, there’s plenty), we get into the why behind it.
Why are people so desperate for quick healthcare fixes?
Why do investors get swept up in charisma instead of due diligence?
And why does “revolutionary tech” somehow keep meaning “we hope nobody checks the numbers”?
If you love a good business scandal, a bit of chaos, or a gentle roast of Silicon Valley optimism, you’re going to enjoy this one.
Grab your brew, get comfy, and join us as we unpack the madness.
About Simon and Danielle:
Simon and Danielle are both business owners, based in the East Midlands, who met through mutual business contacts and who share a love of all things business.
Simon runs Skylight Media – Award-winning experts in Website Design, E-commerce & Marketing running since 2003.
Danielle runs Goldspun Support – a multi-faceted support service for fractional directors and small business owners across the globe, running since 2009.
Since they first met Simon and Danielle have spent a ridiculous amount of time talking about the subjects that interest them – usually over a drink in the pub – and they decided that now was the time to bring these conversations to a wider audience and invite them to join the chat.
Both Simon and Danielle are successful business owners in their own rights with big plans for the future but will never lose their love of talking all things business… and the pub.