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Vedant Tiwari

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…

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