TY - BOOK AU - Carreyrou,John TI - Bad blood: secrets and lies in a Silicon Valley startup SN - 9781509868063 U1 - 338.7681761 CA BA PY - 2018/// CY - London PB - Picador KW - 1 KW - Hematologic equipment industry KW - United States KW - New business enterprises KW - Corrupt practices KW - Case studies KW - Securities fraud KW - BUSINESS & ECONOMICS / Finance KW - Fraud KW - TECHNOLOGY & ENGINEERING / Biomedical KW - BUSINESS & ECONOMICS / Finance / General KW - BUSINESS & ECONOMICS / Entrepreneurship N1 - Includes bibliographical references and index N2 - In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup "unicorn" promised to revolutionize the medical industry with a machine that would make blood tests significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at $9 billion, putting Holmes's worth at an estimated $4.7 billion. There was just one problem: The technology didn't work. For years, Holmes had been misleading investors, FDA officials, and her own employees. When John Carreyrou, working at The Wall Street Journal, got a tip from a former Theranos employee and started asking questions, both Carreyrou and the Journal were threatened with lawsuits. Undaunted, the newspaper ran the first of dozens of Theranos articles in late 2015. By early 2017, the company's value was zero and Holmes faced potential legal action from the government and her investors. The biggest corporate fraud since Enron is a cautionary tale set amid the bold promises and gold-rush frenzy of Silicon Valley UR - https://uowd.box.com/s/voi1l0hzdxefb6h2nsi3g137q5lpq5h8 ER -