🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Pods

Back

Vedant Tiwari

Founder of VedspaceA... • 9m

This is the most Infamous StartUp failure in History…… “Back in 2003, Stanford University's dropout, Elizabeth Holmes, wanted to build a device that could perform many tests with just a few drops of blood.” “That was a great idea, and she got initial funding of over $700 thousand (remember, this was back in 2003).” “The company reached a valuation of over $9 billion at its peak, and Elizabeth Holmes was compared to Steve Jobs at that time.” “Big testing companies like Walgreens and Safeway partnered with Theranos.” Until... In 2015, the Wall Street Journal published an investigation revealing they were using various machines for tests instead of just their main one… And that was it. The big partnerships ended, Walgreens and Safeway backed off, and Theranos faced lawsuits from investors, doctors, and patients. By 2018, the company had dissolved. Thank you for reading… Follow Vedant Tiwari, and we post a startup failure once a week…

0 replies5 likes

Recommendations from Medial

Niket Raj Dwivedi
•

Medial • 1y

The Theranos Fraud - One of the biggest scam startup to be caught🎢 (Startup Nugget Series - Story 3) Elizabeth Holmes, the wunderkind who promised to revolutionize healthcare with Theranos. 🩸💉 Sounds amazing, right? Well, hold onto your hats! Ho

5 replies21 likes

Vishu Bheda
•

Medial • 6m

Look at this woman. At 19, she dropped out of college. Raised millions from the biggest names for her tech company. Then built a $9 billion empire. And now she’s in prison. Here’s is the story of the greatest Silicon Valley disaster: Elizabeth

18 replies24 likes

Arcane

Hey, I'm on Medial • 9m

We trust big companies to keep our data safe, but even Microsoft outsourced part of its security to Crowdstrike, leading to chaos from a faulty update. As per Ed Zitron, The problem with the digitization of society is that it introduces a SINGLE PO

4 replies9 likes

Anonymous

Hey I am on Medial • 6m

In short make in India was a failure

4 replies2 likes

Chetan Vairat

Entrepreneur • 11m

6 Things You Gain By Embracing Failure and Learning From Mistakes Are you going to look at failure as the end, or are you going to take what didn't work as a lesson and do better? 1. Failure is a valuable learning experience. 2. Failure builds res

0 replies8 likes

Mark

70 • 1y

Failed startup story Russsh was founded in 2012 by Bharat Ahirwar. Russsh offered both first-mile and last-mile on-demand delivery services to individuals and businesses. The company claimed to have a database of over 50,000 loyal clients and compl

10 replies29 likes

Prog Kanishk Raj

Programmer, Founder ... • 4m

The Seeds of Success (Story) Failure is a word we often dread, but it’s a universal experience shared by everyone who has ever achieved greatness. From failed relationships to unsuccessful businesses, from poor exam results to rejected ideas—failur

0 replies3 likes

Vishu Bheda
•

Medial • 6m

When Tesla was founded in 2003, Elon Musk wasn't even an employee. By 2008, Tesla was nearly bankrupt. Then Elon took over as CEO. 15 years later, they're worth $727 Billion. Everyone should understand how Elon brought Tesla back from the dead: 🧵

15 replies29 likes

ASWIN ANAND

Hey I am on Medial • 11m

Tesla, Inc. was founded by Martin Eberhard and Marc Tarpenning in 2003. Although Elon Musk is often closely associated with Tesla, he joined the company later in 2004 as an investor and chairman of the board. Musk played a significant role in shaping

0 replies5 likes

LIKHITH

ON NE SAIT JAMAIS • 10m

DID YOU KNOW !? Kotak Mahindra Finance became India's first NBFC to be converted into a bank after being granted an RBI banking license in 2003. Like and follow for more.