This book is about the collapse of Theranos, an American biotech startup which was supposed to revolutionize the medical industry thanks to a machine that would make blood testing significantly faster and easier.
Theranos was founded in 2003 by Elizabeth Holmes and was able to raise more than 700 million dollars from venture capitalists and private investors.
A turning point happened in October 2015, when investigative reporter John Carreyrou questioned the validity of Theranos’ technology. The company faced a string of legal and commercial challenges from medical authorities, investors, the U.S. Securities and Exchange Commission (SEC), state attorneys general, former business partners, patients, etc.
A riveting story of the biggest corporate fraud since Enron, a tale of ambition and hubris set amid the bold promises of the Silicon Valley.
Written by Audrey Sarian