What Silicon Valley Can Learn from the Theranos Fraud Case


elizabeth_holmes_2014_28cropped29

The flip side of the startup story. Sometimes things go very wrong.

As for Holmes’s future, Angel said, “she is very tainted, so no public company would really want to have her on board.” At the same time, he described her as “very intelligent, very talented and a great salesperson, [who] will land on her feet eventually.” Guay agreed. “Any kind of public role where a company would put her forward as a spokesperson or as a person of importance — that’s going to be a non-starter, at least for a while.”

Guay wondered how things may have come to such a pass at Theranos. “In many fraud circumstances, they sometimes start with small lies, and then those small lies have to be backed up with bigger and bigger lies,” he said. “[It is about] understanding how that all evolved here — whether this was something that [Holmes] felt she had to do or wanted early on, and then she dug herself a hole that she couldn’t get out of. It’s hard to know exactly how that evolved.”

The complete article

Knowledge@Wharton

Image source

One thought on “What Silicon Valley Can Learn from the Theranos Fraud Case

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s