Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou
Genres: Non-fiction, True Crime (?)
Maturity Level: 5-
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The full inside story of the breathtaking rise and shocking collapse of Theranos, the multibillion-dollar biotech startup, by the prize-winning journalist who first broke the story and pursued it to the end, despite pressure from its charismatic CEO and threats by her lawyers.
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 testing 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 more than $9 billion, putting Holmes’s worth at an estimated $4.7 billion. There was just one problem: The technology didn’t work.
A riveting story of the biggest corporate fraud since Enron, a tale of ambition and hubris set amid the bold promises of Silicon Valley.
Honestly, this book wasn’t quite as shocking as I was expecting it to be. Maybe it’s because I don’t know much about business or medicine, so I couldn’t appreciate just how bad the things Tharanos was doing were, but it was all pretty much exactly what I was expecting to read. It wasn’t until the author got involved with the story and Theranos tried to keep things under wraps that I started to get really into it and excited. Continue reading