The Company Corruption of Theranos | FEAT. Baewolf

Founded in 2003, Theranos seemed to be doing all the right things that a successful health and technology company would do. Founded by brilliant 19-year-old Stanford dropout, Elizabeth Holmes, the company had claimed a revolutionary breakthrough in how the health industry tests blood samples. With a single finger prick, Theranos’ sample collection device, known as “The Edison”, would communicate with the internet to receive instructions for which blood tests to run on the blood samples, and then communicate the results back through the internet.

The technological claims by Theranos created high levels of interest of venture capitalists and private investors, such as the Walton and Davos families, resulting in $700 million+ in investments and a company valuation of $10 billion between 2013 and 2014. However, all of these claims turned out to be false.

Tune in to episode 13 as the Wolf and Bull team discussed the meteoric rise and cataclysmic fall of Theranos.

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