Founder of VedspaceA... • 1y
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…
Building Nestsure • 1m
🔬 The Rise & Fall of Theranos — Lessons from Elizabeth Holmes In 2003, a 19-year-old Stanford dropout named Elizabeth Holmes launched Theranos, claiming she could revolutionize healthcare. Her vision? A device that could run hundreds of blood tests
See MoreDirector & CEO @ Exc... • 3m
In this eye-opening video, we explore the fine line between effective leadership and detrimental misguidance. Join us as we dissect five compelling case studies, including the dramatic downfalls of WeWork under Adam Neumann and Theranos with Elizabet
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