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Post on Medial

Vedant Tiwari

Stealth • 3m

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

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Anonymous

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In short make in India was a failure

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Anonymous

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If any startup founder cheking all the failure possibilities and problem possibilities for thier business idea and then execute that idea then that Startup become failure of successful ? FAILUR

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Anonymous

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I want to design a logo for my Namkeen Brand that estd. In 2003 . So can someone please suggest me that what should be in my logo, and i want my logo traditional and modern at the same time , so any suggestions please ?

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ASWIN ANAND

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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