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miharekar 's review for:
Bad Blood: Secrets and Lies in a Silicon Valley Startup
by John Carreyrou
I was vaguely aware of Theranos, but never really looked into it. This book tells the entire story behind it and how Elizabeth Holmes charmed affluent people into board members and, with that, gathered a ton of investments. It's especially interesting reading it after I read a Billion Dollar Loser and watched WeCrashed a couple of months ago. A similar story of charismatic individuals selling bullshit and getting a ton of personal gain in the process.
The big difference, however, is that WeWork didn't directly affect people outside the company/investors, whereas Elizabeth with Theranos played with many people's health and lives. Theranos went to extraordinary lengths to get around quality standards. The industry is highly regulated, and new diagnostics undergo rigorous testing. Move fast and break things does not apply when lives are at stake. No one really cares if a service goes down for a day. But if, as a consequence of your actions, people can die, then you shouldn't do it.
The book being written by the investigative journalist who broke the original story is just the cherry on the top.
The big difference, however, is that WeWork didn't directly affect people outside the company/investors, whereas Elizabeth with Theranos played with many people's health and lives. Theranos went to extraordinary lengths to get around quality standards. The industry is highly regulated, and new diagnostics undergo rigorous testing. Move fast and break things does not apply when lives are at stake. No one really cares if a service goes down for a day. But if, as a consequence of your actions, people can die, then you shouldn't do it.
The book being written by the investigative journalist who broke the original story is just the cherry on the top.