Some things I got wrong 1.) Testing Blood on other machines actually won’t work because you have to dilute the sample 2.) Her Voice was lower but not by a few octaves 3.) Tyler Shultz is George Shultz Grandson If there is anything else you think I got wrong or missed please comment below this post and I will look into it Thanks -Ari
Hello! Your first statement is incorrect. In a a medical setting, high amounts of blood must be drawn because different tests require different techniques (or assays) for characterizing diseases. High amounts of blood must also be drawn because plasma must be separated from the blood. Plasma makes up ~55% of the blood! She was only using a drop of blood to analyze thousands of tests - impossible! To top it off, she showed that her blood samples were being diluted. This would make it even more impossible to detect diseases or even run tests. Any biomedical scientist or practicing physician knows this!
Skipped over the extremely aggressive bullying done by theranos lawyers. Basically they tried to hide all their fraud as protected under NDA and stalked previous employees who they thought might be talking to the press
Yea a diluted sample from a finger could be all over the place compared from an intravenous blood test. Our skin can absorb a lot of shit. I know, I’m too political
I was surprised that she got a patent. The idea has to work, and the patent office has experts in “the field”. Weren’t they supposed to see if it worked?
The low voice thing is some crap they teach in business. For both genders a lower tone supposedly conveys more confidence and power. Some of the most powerful people I ever met talk really softly.
I don't think the softness is what they tell you to avoid. They teach to have a deeper tone. It supposedly conveys confidence from the individual and makes them appear more honest. It is crap though. Maybe the majority of humans can be influenced by that (Hitler was a thing, so there are dumb humans), but I feel anyone with any intelligence can pick that out. She immediately puts off a psychotic vibe.
@@andrewnyman4128 True, realized when I wrote it I meant pitch but couldn't bother editing. But now you mention it pretty sure volume is covered in the bullshit courses too 🤣 Decades of life and work have taught me all that pretentious crap has zip to do with conveying competence, having real talent and most importantly producing _results_ But as you say, many people are in fact dumb enough to be impressed by a big mouth. Seen that too....a lot.
Tbh I think that if you actually are confident and have solid ideas and know what you're talking about People will feel it The issue is that Holmes was a fraud and didn't actually have anything of value to say so she had to use the voice to convey confidence instead
I don't understand why liars and thieves are constantly given the benefit of the doubt. Yes she was lying and yes she knew it. Stop making excuses for her. The documentary does that way too much.
You got one thing wrong though... Doing the tests on a regular machine that they purchased from others didn't work either, because the blood sample is too small so they have to dilute it to make a bigger sample in order to run tests, which caused the results to be severely inaccurate. So they're not just harming the investors, they're most definelty harming the people who took their tests...
There was one woman who got a Theranos test at Walgreens that said she had an outrageously elevated estrogen level, indicating that her cancer had returned. It hadn't. The test was off by *hundreds* of points. Terrible.
Exactly! Her doctor and she panicked and ran quite a few elaborate tests due to Theranos inaccurate results. It wasted people's time, money, energy and consumed unnecessary medical resources.
@@Gotchalaboom nope...she got off on defrauding patients because the jury decided she was one step removed. but theranos made tv commercials directed at the public and had a giveaway for free bloodtests
These are the stories those born rich and privileged comes up with. Even some dude named Alefantis something like that came up with the same story dropping out of school and all of a sudden became one of the most powerful people in DC. I found that very odd until I realized he's behind the pizzagate but he also turns out to be one of the Rothschilds.
Diamond in the rough/ I am the Law eventually they got the machine to successfully run I believe somewhere between 5 to 10 types of tests. But she promised over 200. Going way over scale and even when they got the 5 to 10 to work it worked inconsistently.
They hired a guy to check it out. He smelled a rat and told Walgreens executives that she was lying. But Walgreens was convinced she was the real deal and thought she would go to CVS if they didn't partner with her. So the ignored the guy they hired to check Theranos out and went ahead with the partnership.
@Gary McMichael you are correct, but Walgreens made a deal with her thinking that she would be supplying them with a machine to test blood quickly. She then had her people take the blood samples from Walgreens and fly them to a lab to test them on regular machines.
@Gary McMichael ohh, I understand, bro. I didnt mean to come off ignorant, I just thought Walgreens had a deal with her for the machine so they could do the testing in the stores.
This chick was crazy from the start.... you're giving her too much credit that she started out with good intentions. Inflating the revenue numbers up so early in the life of this start up tells you what she was up to from the moment she started this company. The crazy eyes and fake voice added to the Jobs wardrobe was all part of her mental picture. Great video!!! Keep it up. Love the quick simple format!
Absolutely. She was willing and ready to kill people/let people die for money and fame. I really hope she gets what she deserves. I'm glad she's going in that direcrion, but it aint over yet.
If she's such a fraud why did Humara outbid all other pharmacy companies to license her patents? Humara is currently advertising the world's smallest needle. It seems as though Holmes was a victim of big Pharma. They don't like women and they don't like new ideas.
I work for the largest reference laboratory in the nation. We do highly specialized testing and accuracy has to be 100% as it means the difference between life and death in many cases. This entire story frightens me and am glad it’s no longer a company that never really cared about patient results and was laser focused on money and greed instead. Thanks for the video!
This woman exudes confidence. So much that it's impressive. That she can lie without blinking or any tell tale signs in her body language, all with a fake voice is something the best spies need years of training to do.
She’s an unfeeling sociopath. She doesn’t have have the human attachment needed for herb to be free in society. She would eat her own young if given the chance.
The Emperor wore no clothes, but everyone was too afraid to ask why and too eager not to miss the next big thing in tech. People acted like lemmings and jumped over the cliff with their investments. Her father was a VP at Enron. She learned the art of the con on Daddy's knee.
I work in a medical lab, have eleven years of experience and I’m just baffled how many people fell for her scheme! For some perspective ... I can tell you that the only thing you can do in a medical lab right now with a “nanotainer” whole blood specimen- which is only enough for about one test that uses a lysed (broken) red blood cell sample like that, for example: a lead level or a folate level, or an A1C (which is to monitor blood sugar by basically giving a three month picture of a persons average blood sugar level). These investors should have done a little research, or ask any lab tech with a two year degree. 😳
I've been working for years in a lab, mainly as a lab assistant and sweet jesus!! Very few things have infuriated me as much as the story of Elizabeth Holmes and her idea of doing hundreds of tests off of one drop of blood. THAT'S MADNESS!! SO MANY COMMON TESTS require the sample to be spun down so the serum can get tested, and you're sure not going to get enough serum out of one drop of blood. How so many investors got fooled into believing this would work is beyond me! HBO has a GREAT documentary on Elizabeth Holmes and I had to stop watching it at one point where the showed how the Edison was supposed to work and the problems it had. I just couldn't keep watching, probably because I work in the industry and know how blood tests actually work.
I think you damage the RBC's only if you squeeze the finger to force out blood. How else are neonatal blood samples taken with just capillary puncture ? As far as small sample amounts are concerned, we do use 2ml samples for arterial blood gases and certain cardiac biomarkers and get test results within few minutes. ABGs include serum electrolytes too.. My feeling is it is possible to do more tests with a small blood sample if you have the right machines. Single drop of blood is still a far off thought, but you never know the future... However it should not have been introduced to the public without being approved. Dont understand what was the haste, to prove a point to the investors ?
I think what she has done wrong is she keep on piling up her business problems and solved it with lies and excuses to buy time instead of being transparent. In the end, the mountain of piled problem burst and she has run out of answers and excuses to buy more time. This is a classical sci-fi movies storyline. I think her story is the best lesson for people that want to dive into startup. Solve your problem one by one as fast as possible. Don't create new problem to cover up your previous problem. Be transparent with your investors. Hire the best genius people in the field that you can afford. When things not working out the way you originally plan, take a pivot and adjust your product. Lastly, do not go too big too soon. I think that's the moral of the story.
I had a very accomplished prof as thesis advisor at MIT. In a YT video, he advises grad students about selecting research projects: be first to plow a virgin field. You’re sure to come up with something interesting. About startups: don’t even consider transitioning a discovery into a business if you’re still working out kinks in its underlying science. Holmes discovered no novel science. Her field was well plowed, and its parameters and limitations were well known. All she ever had was a grandiose vision, to which she coupled outlandish promises about transforming blood testing. So, of course, her problems kept piling up. As her promises became more and more ambitious, whatever science she had to work with failed to keep pace. She certainly deserves credit for pulling all the right strings to build awareness, anticipation, and reputational and financial commitment by naive, gullible advisors and investors.
edwardmashberg1 Look up Diagnostics for All. Nonprofit advancing paper diagnostics for the third world. GM Whitesides launched the idea of dirt cheap paper diagnostics following a battle field diagnostics project for DARPA. With funding from the Gates Foundation they’ve developed blood and other bodily fluid tests that are cheap and easy to administer. Why isn’t it an smash hit? Cultural problems for one. Fear of sinister motivations in some countries. Corruption. Cost and difficulty of conducting clinical trials. Here, there’s insufficient profit to spur deployment. Strategy now is to get their tests accepted in the third world then bring them here...the opposite of what conventional thinking would suggest. So, you can innovate, succeed in achieving your scientific objectives, and not automatically receive broad market acceptance because your innovation is so successfully cheap that profit-motivated businesses won’t be interested: There’s no profit in getting involved. There are several startups which are taking the traditional, peer reviewed, collaborative route to developing lab on a chip, microfluidic blood tests. Holmes’ ideas were never unique. She cloaked them in secrecy to buy time and perhaps to dangle temptation in front of investors.
more than that she was just delusional and crazy from the start... simple as that, what idiots and what a bullshit system to invest in this scam for so long!
The problem to me is that she never really seemed interested in making a product. She seemed to view herself and her vision as the product while thwarting any efforts made by her staff to make an actual working product for consumers.
The thing that gets me the most about this story is the number of powerful political and business leaders who were in her corner. These are our "leaders" and yet they fall for a fraud.
Yet another proof that power and position do not equal intelligence. Everyone’s looking for a deal. Well said, “If it sounds too good to be true it probably isn’t.”
"And as always, thanks for watching" *Signs off with the V Sauce phrase* *Plays the same music as V Sauce at the end of the video * Elizabeth Holmes wants to be Steve Jobs like this guy wants to be Michael Stevens.
@@louistournas120 She may well have a charge of involuntary manslaughter and if enough evidence comes forward she may well be charged with some degree of murder The documentary about her company mentions a heart attack that should not have happened if the blood work was correct... That's a big enough lawsuit right there...
Really interesting to see similarities between her con and Billy McFarland's Fyre festival. Both believed so deeply they were doing something great, both used "influencers" to make their con seem legit, both saw through their delusion to the bitter end. And both have said they want to work on new "projects" despite their current legal complications.
Another documentary had a cancer survivor who had a fraudulently high result and had to go to the doctor for more tests. Luckily her cancer hadn’t come back.
That's sort of what happened. A cancer survivor got faulty results back, and the machine made it look like she was growing a tumor because of the obscenely high data points and estrogen levels. Turns out, she was more than perfect when her doctors had her take a second test from non-Theranos blood testing machines.
As harsh as@Blood Beryl was in their comment, they are absolutley correct. I enjoyed the video but to deny what they are saying is to deny the truth. Period.
The thing that blows my mind is that, the field that she was in, blood testing...had some serious repercussions...ie cancer diagnosis...yet, she continued to lie in this space, and was able to drum up billions... Man...she was a good liar...and she should be prosecuted harshly, because what she claimed to do was a serious matter...
Great video. Working in medical field , I was skeptical about the idea. Someone else pointed out that in engineering or medical science it takes years to decades to become an expert at something. Unlike coding which you can do at home and it is typical of the usual start upCompany in Silicon Valley , this woman dropped out very early at Stanford and likely she was just beginning to higher level courses.
Agree 100%, most scientist achieve their biggest accomplishments by the time their 60 years old, it takes them decades of research, study, and work to achieve ONE breakthrough, to accomplish what she wanted to accomplish requires not one, but multiple scientific breakthroughs, you would need a gigantic group of scientist working on this for the next 40-60 years, lead by someone with an incredible expertise in the area.
anyone interested, i recommend reading this book called “bad blood.” the most interesting part is that the book has former employees telling the story they had while working at theranos, and omg i cant imagine how it even stayed for that long
I don’t how I got started listening to items about Elizabeth Holmes recently because I heard nothing about her back when she was at her heights. Amazing how she rode this to the point of collaboration with major corporations with no actual evidence.
You can stop feeling sorry - nobody lost their life savings. This was not a public company; only ultra-rich backers lost money. They have more money than they know what to do with, so they won't miss it.
9 billion evaluation with 100k revenue😂 Will only take 90.000 years to for investors to break even. More actually since profit would be lower than revenue.
People often frame this as though she had altruistic motives. I don't see that. I think you're right! She was looking for her place in the Silicone Valley hall of fame. From the start, she was obsessed with establishing herself as exceptional. Her actions and delusions were driven by ego.
As I learn more about Theranos and Holmes, a big part of the fraud was her horrible management practices in the building. Bringing in her boyfriend and not telling anyone that he was her boyfriend, having him rule with a dictator's fist, keeping divisions in the company from talking to each other, bullying lots of employees, firing lots of employees, and digging for dirt on employees that disagreed with what they were doing and how they were doing it... so that she could use that dirt as reasons for firing them later and in some cases suing them. She very much deserved jail time.
The doc from Sundance is released next Monday now I'm going to watch it...you got me interested. I believe it's called The Inventor: Out for Blood in Silicon Valley. This was another great production, Ari. You always wow me with your videos!
You are the best Ari Cagan. When I read the articles on CNN or FoxNews, it is difficult to clearly understand the story. This is because journalists assume you have all the details before reading. however, with you it is clearly easier to understand. Good work!
Although her intentions were relatively pure, I think she came into it with no intention ever being transparent, lying to get to the point she wanted to get to was always her plan. Whether it's Bill Gates, and his proven lack of empathy, or Mark Zuckerberg and his clear signs of sociopathy; Elizabeth Holmes fits right in with her inauthentic lowering of her voice, something shown to instill trust and confidence in someone, or her copying of Steve Jobs' wardrobe; not out of idolism, but to appear as trustworthy, smart and successful as him. To me, she's not a "weird person", simply put; she's a sociopath, or at the very least, she exhibits sociopathic behaviors. She took advantage of people, in this case, investors, to profit nobody but herself, something which becomes increasingly clear as you investigate stages of her career. I believe she always knew she would get caught somewhere along the line, ideally, a lot further down in her timeline, but had made it so she would walk away with a lot of money regardless. Regardless, this was a great summary of what to look forward to in the full length doco, and production value, as usual, was fantastic. See you next time xoxo
@@AlexeiRamotar if her product had worked, she would've gone way past that goal, what I mean is that she misled the consumers and investors, surrounded herself with people of status and power to fool people for as long as possible, until she could figure out how to make the product work at 100%. Her staff also didn't know that she was lying, so she was probably hoping to find a solution, and not keep that up for the rest of her career
Nathan Aubrée Noble cause corruption. The end justifies the means. She still believes she’s blameless. Blames others for her downfall. Interestingly, I saw a quote from former BOD member Mattis, who praised her integrity on multiple levels. Kissinger praised her ‘iron will’. She’d duped them all!
“It’s 1984, and Van Halen puts out an album with the year as the title. The song ‘Jump’ is on the radio……..” That would’ve been a better intro into the beginning of Elizabeth’s bio.
Actually, Theranos had to dilute the blood far enough to make the tests unreliable when the tested them on commercial machines. So that wasn’t much better.
Thank you. Finally someone who knows how blood testing works and how dividing those 2 drop capillary sample to do multiple tests will need dilution of that tiny amount of sample. Diluting such a minute amount of blood CAN NOT give accurate results even if ran on a FDA approved machine.
First they think you’re crazy, then they fight you, and then your valuation goes to zero, get barred from being CEO, and maybe go to prison for 20 years
This is a rehashed synopsis of other reports. OK, concise, and of interest to some, but old news to anyone who’s followed the story. Tests in standard machines were not fine, because they had to dilute samples, producing erroneous results.
Ari Cagan It’s fine as a quick run down. You can’t expect to explore every nook and cranny in the allotted time. Two aspects I find especially interesting and unexplored: the greed, FOMO, and urgency that drove investment frenzy toward the end, and the role of her mentor and enabler, eminent, distinguished, Prof C Robertson. The latter, here on YT in an oral history video, defends Theranos two months after the WSJ article was published. In denial, duped, or complicit after 14 years’ involvement? We’ve yet to find out....
Wow I literally just listened to a podcast about Elizabeth Holmes, it’s called The Dropout, so if you want to know more about her, I really recommend listening!
The machines themselves were never in the store. Theranos did all the testing on mostly hacked commercial machines at clinical lab setup by Theranos. All the drawn blood was couriered to Theranos and the testing done there.
congrats/bravo for summing up very well in 7:23 what it took myriad podcasts and docus to do in multi-part time-sucking overkill...and you do it fairly vs simply harping on the salacious/evil.
The unblinking eyes, fixed smile, that deep commanding voice - all bizarre yet fascinating. She seemed supremely confident and I believe she was faking the funk, treading water, buying time.take your pick because she intended to live up to the hype and actually come through with her innovative invention. ALL SYSTEMS FAILED 🔥🔥🔥
It was in 1987 when US President Ronald Reagan said, "Mr. Gorbachev, tear down this wall". Christian Holmes IV wasn't the vice president of Enron. He was a VP of a division at Enron. Elizabeth Holmes did not pitch her idea to her "medicine professor."
She also screamed at her employees a threatened to sue them and deperson them if they spoke out about what they were doing and how bad their product really was.
BREAKI8NG NEWS; "Katherine "Katy" Textor, the dear, dedicated producer who collaborated with Morley Safer on nearly all of the master storyteller's reports over his last years on "60 Minutes," died of cancer Friday at New York-Presbyterian Hospital in Manhattan. She was 45.
The Law of One, as written in a multitude of conversations with Ra in the 80s. Ra being a 6th memory social complex formed on Venus 2+billion years ago. Those Law of One conversations are still published and available and relate to contact with Ra in Egypt ( The RA nos ) to try and spread the Law of One .
![Yeat & Summrs - GO2WORK [Official Music Video]](http://i.ytimg.com/vi/NEFEwfPcXRA/mqdefault.jpg)
Some things I got wrong
1.) Testing Blood on other machines actually won’t work because you have to dilute the sample
2.) Her Voice was lower but not by a few octaves
3.) Tyler Shultz is George Shultz Grandson
If there is anything else you think I got wrong or missed please comment below this post and I will look into it
Thanks -Ari
Hello! Your first statement is incorrect. In a a medical setting, high amounts of blood must be drawn because different tests require different techniques (or assays) for characterizing diseases. High amounts of blood must also be drawn because plasma must be separated from the blood. Plasma makes up ~55% of the blood! She was only using a drop of blood to analyze thousands of tests - impossible! To top it off, she showed that her blood samples were being diluted. This would make it even more impossible to detect diseases or even run tests. Any biomedical scientist or practicing physician knows this!
Skipped over the extremely aggressive bullying done by theranos lawyers. Basically they tried to hide all their fraud as protected under NDA and stalked previous employees who they thought might be talking to the press
@@23Thunder1 I think that's what he was saying. That's how I took it anyway.
BTW somewhere theres a recording of her accidentally using her REAL voice, I head it on another video.
Yea a diluted sample from a finger could be all over the place compared from an intravenous blood test. Our skin can absorb a lot of shit. I know, I’m too political
An IDEA is not an INVENTION!
Good-one!
A Mishel If you watch the 20/20 interview, one of her teachers said the same thing
I was surprised that she got a patent. The idea has to work, and the patent office has experts in “the field”. Weren’t they supposed to see if it worked?
A Mishel
There is a very recent article about that as a weakness in the patent system which she exploited. Google Theranos and it should come up.
Business model?
The low voice thing is some crap they teach in business. For both genders a lower tone supposedly conveys more confidence and power.
Some of the most powerful people I ever met talk really softly.
At least they do it better... Margaret Thatcher did it too...
I don't think the softness is what they tell you to avoid. They teach to have a deeper tone. It supposedly conveys confidence from the individual and makes them appear more honest. It is crap though. Maybe the majority of humans can be influenced by that (Hitler was a thing, so there are dumb humans), but I feel anyone with any intelligence can pick that out. She immediately puts off a psychotic vibe.
@@andrewnyman4128 True, realized when I wrote it I meant pitch but couldn't bother editing.
But now you mention it pretty sure volume is covered in the bullshit courses too 🤣
Decades of life and work have taught me all that pretentious crap has zip to do with conveying competence, having real talent and most importantly producing _results_
But as you say, many people are in fact dumb enough to be impressed by a big mouth. Seen that too....a lot.
Tbh I think that if you actually are confident and have solid ideas and know what you're talking about
People will feel it
The issue is that Holmes was a fraud and didn't actually have anything of value to say so she had to use the voice to convey confidence instead
I don't understand why liars and thieves are constantly given the benefit of the doubt. Yes she was lying and yes she knew it. Stop making excuses for her. The documentary does that way too much.
Elizabeth Holmes takes "always keep eye contact" a little too serious
She's like a female Zuckerberg. Fuckin aliens, I swear...
If that's not a tell tale sign of being a sociopath I don't know what is.
@@jlecampana yep. the stare.
Stop judging people by your own understandings and ideas
@@rolfmichaelsantos1664 I mean it was just a joke but ok
First they think you’re crazy, then they fight you, then you go to jail
Turns out they were right.
Demonize the critics. Nothing new under the sun.
Nice!
You got one thing wrong though... Doing the tests on a regular machine that they purchased from others didn't work either, because the blood sample is too small so they have to dilute it to make a bigger sample in order to run tests, which caused the results to be severely inaccurate. So they're not just harming the investors, they're most definelty harming the people who took their tests...
There was one woman who got a Theranos test at Walgreens that said she had an outrageously elevated estrogen level, indicating that her cancer had returned. It hadn't. The test was off by *hundreds* of points. Terrible.
Exactly! Her doctor and she panicked and ran quite a few elaborate tests due to Theranos inaccurate results. It wasted people's time, money, energy and consumed unnecessary medical resources.
@@y-jk1674 not to mention emotional stress.
Wasn’t that part of her conviction too
@@Gotchalaboom nope...she got off on defrauding patients because the jury decided she was one step removed. but theranos made tv commercials directed at the public and had a giveaway for free bloodtests
Low voice. Dropped out after her freshman year at Stanford and is expected to be a blood test expert? Ick.
These are the stories those born rich and privileged comes up with. Even some dude named Alefantis something like that came up with the same story dropping out of school and all of a sudden became one of the most powerful people in DC. I found that very odd until I realized he's behind the pizzagate but he also turns out to be one of the Rothschilds.
when you try to fake it till you make it but you dont quite make it so you just keep faking it
Cicero once said, "A man is liable to make mistakes, but only a fool perseveres in error". It is a perfectly apt sentiment for Elizabeth Holmes.
Faking medical tests is a crime, also lying to investors.
mirror tape Faking it till you make it is stoOpid
Yea it seems that way .. Good for her ,, What A scam ..
And to as well., Have a fall guy , that little Indian ,,
congrats
Ha
nobody:
elizabeth holmes:
👁 👁
👃
👄
lmAo
Haha nice.
mychemicaljulia is still fuck that sociopathic bitch I need me a nasty ass woman
Eyes aren't big enough
mychemicaljulia why does this look like mark zuckerburg too? Lmao
Amazing she did that
Without a working model.
And tests.
@ just for the record, she is not charming by any means.
Diamond in the rough/ I am the Law eventually they got the machine to successfully run I believe somewhere between 5 to 10 types of tests. But she promised over 200. Going way over scale and even when they got the 5 to 10 to work it worked inconsistently.
welcome to the rotten-zionist usa
That's like a glorified Kickstarter campaign 😏
It definitely was actually... no doubt she is really intelligent, but from this “invention” she will literally go down as the joke of Silicon Valley
So walgreens introduce their products without testing it? Wtf
They hired a guy to check it out. He smelled a rat and told Walgreens executives that she was lying. But Walgreens was convinced she was the real deal and thought she would go to CVS if they didn't partner with her. So the ignored the guy they hired to check Theranos out and went ahead with the partnership.
@Gary McMichael you are correct, but Walgreens made a deal with her thinking that she would be supplying them with a machine to test blood quickly. She then had her people take the blood samples from Walgreens and fly them to a lab to test them on regular machines.
Because it's a female and by supporting her people will support them because "equality" or some bullshit
@Gary McMichael ohh, I understand, bro. I didnt mean to come off ignorant, I just thought Walgreens had a deal with her for the machine so they could do the testing in the stores.
@Gary McMichael a service can be considered a product LOL. Who is really the dumbass
This chick was crazy from the start.... you're giving her too much credit that she started out with good intentions. Inflating the revenue numbers up so early in the life of this start up tells you what she was up to from the moment she started this company. The crazy eyes and fake voice added to the Jobs wardrobe was all part of her mental picture. Great video!!! Keep it up. Love the quick simple format!
Agreed. She always said she wanted to be a billionaire and its clear that she is a sociopath and never wanted to help people.
Agree, her main goal was to be billionaire, she tried to mask it as having good intentions.
Absolutely. She was willing and ready to kill people/let people die for money and fame. I really hope she gets what she deserves. I'm glad she's going in that direcrion, but it aint over yet.
If she's such a fraud why did Humara outbid all other pharmacy companies to license her patents? Humara is currently advertising the world's smallest needle. It seems as though Holmes was a victim of big Pharma. They don't like women and they don't like new ideas.
becky doesit - you are a true idiot. Holmes is a destructive psychopath; she deceived and abused many people in her quest for power and wealth.
The documentary was not brutal enough. They let her off easy
She's a leftist go figure 😂🤣😂
Ga Pyro 81 she’s not a leftist lol. Leftist are anti-capitalist
@@gapyrodawg5181 Idk what she is but ppl on the right and left get bias from media or get away with shit.
think she will be sent to prison🍾
She's facing a 20 year prison sentence.
I know it’s Theranos but I keep reading it as thanos 😅
At least he worked on his announced intent better than her
Same!
S a m e
same
Thanus*
I work for the largest reference laboratory in the nation. We do highly specialized testing and accuracy has to be 100% as it means the difference between life and death in many cases. This entire story frightens me and am glad it’s no longer a company that never really cared about patient results and was laser focused on money and greed instead. Thanks for the video!
Whenever I hear "Theranos" my brain immediately changes it to "Thanos"
It took me a week to make me stop making that mistake
In hindsight I regret giving her that position.
Fuck off fake Obama
Did you give her the position, or give her the business? ;)
...always the perfect comeback...
Obama's bad decisions
@Agent J it was beautiful
This woman exudes confidence. So much that it's impressive. That she can lie without blinking or any tell tale signs in her body language, all with a fake voice is something the best spies need years of training to do.
She’s an unfeeling sociopath. She doesn’t have have the human attachment needed for herb to be free in society.
She would eat her own young if given the chance.
That’s not confidence it’s manipulation
It's a by-product of her psychopathy.
@@alicelong3613*Both. She's a sociopath and narcissist, to say the least.*
You NEED a LOT of confidence to be that manipulative. Hence why Frauds are called Cons
The Emperor wore no clothes, but everyone was too afraid to ask why and too eager not to miss the next big thing in tech. People acted like lemmings and jumped over the cliff with their investments.
Her father was a VP at Enron. She learned the art of the con on Daddy's knee.
I work in a medical lab, have eleven years of experience and I’m just baffled how many people fell for her scheme! For some perspective ... I can tell you that the only thing you can do in a medical lab right now with a “nanotainer” whole blood specimen- which is only enough for about one test that uses a lysed (broken) red blood cell sample like that, for example: a lead level or a folate level, or an A1C (which is to monitor blood sugar by basically giving a three month picture of a persons average blood sugar level). These investors should have done a little research, or ask any lab tech with a two year degree. 😳
I've been working for years in a lab, mainly as a lab assistant and sweet jesus!! Very few things have infuriated me as much as the story of Elizabeth Holmes and her idea of doing hundreds of tests off of one drop of blood. THAT'S MADNESS!! SO MANY COMMON TESTS require the sample to be spun down so the serum can get tested, and you're sure not going to get enough serum out of one drop of blood. How so many investors got fooled into believing this would work is beyond me!
HBO has a GREAT documentary on Elizabeth Holmes and I had to stop watching it at one point where the showed how the Edison was supposed to work and the problems it had. I just couldn't keep watching, probably because I work in the industry and know how blood tests actually work.
I think you damage the RBC's only if you squeeze the finger to force out blood. How else are neonatal blood samples taken with just capillary puncture ? As far as small sample amounts are concerned, we do use 2ml samples for arterial blood gases and certain cardiac biomarkers and get test results within few minutes. ABGs include serum electrolytes too..
My feeling is it is possible to do more tests with a small blood sample if you have the right machines. Single drop of blood is still a far off thought, but you never know the future... However it should not have been introduced to the public without being approved. Dont understand what was the haste, to prove a point to the investors ?
I think what she has done wrong is she keep on piling up her business problems and solved it with lies and excuses to buy time instead of being transparent. In the end, the mountain of piled problem burst and she has run out of answers and excuses to buy more time. This is a classical sci-fi movies storyline. I think her story is the best lesson for people that want to dive into startup. Solve your problem one by one as fast as possible. Don't create new problem to cover up your previous problem. Be transparent with your investors. Hire the best genius people in the field that you can afford. When things not working out the way you originally plan, take a pivot and adjust your product. Lastly, do not go too big too soon. I think that's the moral of the story.
I had a very accomplished prof as thesis advisor at MIT. In a YT video, he advises grad students about selecting research projects: be first to plow a virgin field. You’re sure to come up with something interesting. About startups: don’t even consider transitioning a discovery into a business if you’re still working out kinks in its underlying science. Holmes discovered no novel science. Her field was well plowed, and its parameters and limitations were well known. All she ever had was a grandiose vision, to which she coupled outlandish promises about transforming blood testing. So, of course, her problems kept piling up. As her promises became more and more ambitious, whatever science she had to work with failed to keep pace.
She certainly deserves credit for pulling all the right strings to build awareness, anticipation, and reputational and financial commitment by naive, gullible advisors and investors.
edwardmashberg1
Look up Diagnostics for All. Nonprofit advancing paper diagnostics for the third world. GM Whitesides launched the idea of dirt cheap paper diagnostics following a battle field diagnostics project for DARPA. With funding from the Gates Foundation they’ve developed blood and other bodily fluid tests that are cheap and easy to administer. Why isn’t it an smash hit? Cultural problems for one. Fear of sinister motivations in some countries. Corruption. Cost and difficulty of conducting clinical trials. Here, there’s insufficient profit to spur deployment. Strategy now is to get their tests accepted in the third world then bring them here...the opposite of what conventional thinking would suggest. So, you can innovate, succeed in achieving your scientific objectives, and not automatically receive broad market acceptance because your innovation is so successfully cheap that profit-motivated businesses won’t be interested: There’s no profit in getting involved.
There are several startups which are taking the traditional, peer reviewed, collaborative route to developing lab on a chip, microfluidic blood tests. Holmes’ ideas were never unique. She cloaked them in secrecy to buy time and perhaps to dangle temptation in front of investors.
The point is 'Don't be a sociopath'. Then you can talk about how best to run a business.
more than that she was just delusional and crazy from the start... simple as that, what idiots and what a bullshit system to invest in this scam for so long!
The problem to me is that she never really seemed interested in making a product. She seemed to view herself and her vision as the product while thwarting any efforts made by her staff to make an actual working product for consumers.
The thing that gets me the most about this story is the number of powerful political and business leaders who were in her corner. These are our "leaders" and yet they fall for a fraud.
Yet another proof that power and position do not equal intelligence. Everyone’s looking for a deal. Well said, “If it sounds too good to be true it probably isn’t.”
They probably fell for her good looks and sexy voice.
Fascinating character, the perfect villain.
She is the female version of the villain in cloudy with a chance of meatballs two
@@JustMySelfBro HAhahah TRUE! Best comment ever
don't think so, nothing fascinating about this delusional cringy bitch.
Nah. A hallow imposter, who failed to be the origin of anything at all.
Is it odd she turns me on?
"And as always, thanks for watching" *Signs off with the V Sauce phrase*
*Plays the same music as V Sauce at the end of the video *
Elizabeth Holmes wants to be Steve Jobs like this guy wants to be Michael Stevens.
She is a psychopath like Ted Bundy, Amanda Knox, Jim Jones and Jodi Arias.
Mei 123 YOU GOT THAT RIGHT!
Yeah but, Amanda Knox is smoking hot.
How is Amanda Knox a psychopath? Wasn’t she wrongly accused and harassed by the Italian government?
+Mei 123:
She didn't kill anybody.
@@louistournas120
She may well have a charge of involuntary manslaughter and if enough evidence comes forward she may well be charged with some degree of murder
The documentary about her company mentions a heart attack that should not have happened if the blood work was correct...
That's a big enough lawsuit right there...
Really interesting to see similarities between her con and Billy McFarland's Fyre festival. Both believed so deeply they were doing something great, both used "influencers" to make their con seem legit, both saw through their delusion to the bitter end.
And both have said they want to work on new "projects" despite their current legal complications.
she talks like mark zuckerberg
She has the most annoying voice I’ve ever heard
She talks like Romi and Michelle
@@christinadiaz3789 exactly what I was going to say, "I invented the post-it"
Totally agree 👍
@@christinadiaz3789 🤣🤣🤣🤣🤣🤣
I think that model uses the same endoskeleton as the Zuckerbot
I love the completely irrelevant image of the Pentagon . . .
She earned, hired emoloyees & boduguards, rented swanky places, went to trips, paid lawyers & settled lawsuits all with investor money. LOL!
Gary McMichael I upvoted it because you asked why people were upvoting it.
Why has this story only just now gotten popular? I've seen so many RUclips channels making videos on Theranos and Ms. Holmes
HBO is about to make a movie about Theranos starring Jennifer Lawrence in the lead role
Yes, and we are all trying to capitalize off it
@@AriCagan I get that. Your video was very good. Cut and dry. Well done, mate.
Diego Gamboa thank you my sir
@@AriCagan Bro you should do more of these. They're such a good style. Like Vox/Vice but more personal and really amazing.
Haha her father worked for enron... Okay now. Why didn't the documentary I see touch up on that on hulu. How did that not raise a redflag.
The crazy eyes she’s wearing really says it all.
I mean if you just add like 7 more zeros to my yearly income I'm basically the same as Johnny Depp.
she got so much money, but imagine the havoc she caused with the false diagnosis. Imagine being told you have cancer from that.
Exactly, in my eyes that makes it more than a just fraud
Another documentary had a cancer survivor who had a fraudulently high result and had to go to the doctor for more tests. Luckily her cancer hadn’t come back.
That's sort of what happened. A cancer survivor got faulty results back, and the machine made it look like she was growing a tumor because of the obscenely high data points and estrogen levels. Turns out, she was more than perfect when her doctors had her take a second test from non-Theranos blood testing machines.
Elizabeth Holmes, the Bernie Madoff of the medical technology world....only investors lost and every employee believing in her spell.
This is vox/vice/edgy media quality.
Nice job, really enjoyed it!
While Vox/Vice/Verge/Edge have great quality they have horrible biases. I wish they’d be more unbiased because I love their content
Jar, dont insult him. VOX are communists.
Lmao the meanest insult in the world
As harsh as@Blood Beryl was in their comment, they are absolutley correct. I enjoyed the video but to deny what they are saying is to deny the truth. Period.
The thing that blows my mind is that, the field that she was in, blood testing...had some serious repercussions...ie cancer diagnosis...yet, she continued to lie in this space, and was able to drum up billions...
Man...she was a good liar...and she should be prosecuted harshly, because what she claimed to do was a serious matter...
Great video. Working in medical field , I was skeptical about the idea. Someone else pointed out that in engineering or medical science it takes years to decades to become an expert at something. Unlike coding which you can do at home and it is typical of the usual start upCompany in Silicon Valley , this woman dropped out very early at Stanford and likely she was just beginning to higher level courses.
Agree 100%, most scientist achieve their biggest accomplishments by the time their 60 years old, it takes them decades of research, study, and work to achieve ONE breakthrough, to accomplish what she wanted to accomplish requires not one, but multiple scientific breakthroughs, you would need a gigantic group of scientist working on this for the next 40-60 years, lead by someone with an incredible expertise in the area.
@@LV-tx7rx no even that won’t make it possible… the concentration of different substances in the blood can vary drastically drop by drop
anyone interested, i recommend reading this book called “bad blood.” the most interesting part is that the book has former employees telling the story they had while working at theranos, and omg i cant imagine how it even stayed for that long
More of these videos PLEASE. Had me glued the whole time
You enjoy stupidity
I like your vibe.
You're pretty
I don’t how I got started listening to items about Elizabeth Holmes recently because I heard nothing about her back when she was at her heights. Amazing how she rode this to the point of collaboration with major corporations with no actual evidence.
Nothing more than a con-woman.
Nothing less than hard PRISON time.
Feel sorry for those that lost LIFE SAVING.
You can stop feeling sorry - nobody lost their life savings. This was not a public company; only ultra-rich backers lost money. They have more money than they know what to do with, so they won't miss it.
For Real Do
I'm not surprised Walgreens bought into it, they are a pharmacy but still sell cigarettes.
Walgreens is not a pharmacy. It’s a store that hasn’t a pharmacy in it.
Pretty much all pharmacies in the US are inside stores that sell cigarettes. Whether it’s walgreens, Walmart, grocery stores, whatever...
never seen someone blink without closing their eyes before
I'm waiting for her "American Greed" Episode.
It's going to be a good one!
All the sudden? She got admitted to Stanford fraudulently.
9 billion evaluation with 100k revenue😂 Will only take 90.000 years to for investors to break even.
More actually since profit would be lower than revenue.
People often frame this as though she had altruistic motives. I don't see that. I think you're right! She was looking for her place in the Silicone Valley hall of fame. From the start, she was obsessed with establishing herself as exceptional. Her actions and delusions were driven by ego.
Exactly....
I'm surprised she got away with this for so long. 12 years
All Silicon Valley entrepreneurs look like aliens when being tried in court.
As I learn more about Theranos and Holmes, a big part of the fraud was her horrible management practices in the building. Bringing in her boyfriend and not telling anyone that he was her boyfriend, having him rule with a dictator's fist, keeping divisions in the company from talking to each other, bullying lots of employees, firing lots of employees, and digging for dirt on employees that disagreed with what they were doing and how they were doing it... so that she could use that dirt as reasons for firing them later and in some cases suing them. She very much deserved jail time.
The doc from Sundance is released next Monday now I'm going to watch it...you got me interested. I believe it's called The Inventor: Out for Blood in Silicon Valley. This was another great production, Ari. You always wow me with your videos!
I love this but I wish you made a very long version because it's so bizare and complex it needs the tine and in-depth analysis.
Finally a video that explains it all! Ive tired looking for a simple video that explains who and what she’s done. Thanks
Thank you Krystal, unfortunately there are still some things were left out
You are the best Ari Cagan. When I read the articles on CNN or FoxNews, it is difficult to clearly understand the story. This is because journalists assume you have all the details before reading. however, with you it is clearly easier to understand. Good work!
If the investors wouldv been from Shark Tank, they wouldv said..Im OUT....
Credit where credit is due,
If it wasn't for the whistleblower speaking to the press none of this would have come out possibly till someone died.
Although her intentions were relatively pure, I think she came into it with no intention ever being transparent, lying to get to the point she wanted to get to was always her plan. Whether it's Bill Gates, and his proven lack of empathy, or Mark Zuckerberg and his clear signs of sociopathy; Elizabeth Holmes fits right in with her inauthentic lowering of her voice, something shown to instill trust and confidence in someone, or her copying of Steve Jobs' wardrobe; not out of idolism, but to appear as trustworthy, smart and successful as him.
To me, she's not a "weird person", simply put; she's a sociopath, or at the very least, she exhibits sociopathic behaviors.
She took advantage of people, in this case, investors, to profit nobody but herself, something which becomes increasingly clear as you investigate stages of her career. I believe she always knew she would get caught somewhere along the line, ideally, a lot further down in her timeline, but had made it so she would walk away with a lot of money regardless.
Regardless, this was a great summary of what to look forward to in the full length doco, and production value, as usual, was fantastic. See you next time xoxo
Couldn’t agree more, I didn’t want to go down the whole sociopath route because I wanted to leave the story up to interpretation
She didn't have 'pure' motives. She only had one motive, become a billionaire.
@@AlexeiRamotar if her product had worked, she would've gone way past that goal, what I mean is that she misled the consumers and investors, surrounded herself with people of status and power to fool people for as long as possible, until she could figure out how to make the product work at 100%.
Her staff also didn't know that she was lying, so she was probably hoping to find a solution, and not keep that up for the rest of her career
Nathan Aubrée
Of course her staff knew that she was lying.
Nathan Aubrée
Noble cause corruption. The end justifies the means. She still believes she’s blameless. Blames others for her downfall. Interestingly, I saw a quote from former BOD member Mattis, who praised her integrity on multiple levels. Kissinger praised her ‘iron will’. She’d duped them all!
Can I just say I love the summaries you did in easy to understand language
you should make more of these types of videos, they’re really interesting
The problem is "fake it until you make it" culture tolerated in Silicon Valley
Did she at any pt realize her idea reached its peak of impossibility?
In order for that to happen she needed to have some real science knowledge and some self awareness, both things she lacked of
this situation is the equivalent of someone citing journal articles while only actually using Wikipedia for their assignment.
Watching your video DEFINITELY makes me want to RE-watch the HBO Documentary again! Thanks for this video!!
“It’s 1984, and Van Halen puts out an album with the year as the title. The song ‘Jump’ is on the radio……..”
That would’ve been a better intro into the beginning of Elizabeth’s bio.
Actually, Theranos had to dilute the blood far enough to make the tests unreliable when the tested them on commercial machines. So that wasn’t much better.
Thank you. Finally someone who knows how blood testing works and how dividing those 2 drop capillary sample to do multiple tests will need dilution of that tiny amount of sample. Diluting such a minute amount of blood CAN NOT give accurate results even if ran on a FDA approved machine.
First they think you’re crazy, then they fight you, and then your valuation goes to zero, get barred from being CEO, and maybe go to prison for 20 years
Of course unless your Kissinger.
"It's 1984"
Nuff said.
She was incredibly demeaning and brutal to the employees, which is why I wish they were extra harsh with her.
This is a rehashed synopsis of other reports. OK, concise, and of interest to some, but old news to anyone who’s followed the story.
Tests in standard machines were not fine, because they had to dilute samples, producing erroneous results.
I was going for a quick rundown and missed a few key points, thank you
Ari Cagan
It’s fine as a quick run down. You can’t expect to explore every nook and cranny in the allotted time.
Two aspects I find especially interesting and unexplored: the greed, FOMO, and urgency that drove investment frenzy toward the end, and the role of her mentor and enabler, eminent, distinguished, Prof C Robertson. The latter, here on YT in an oral history video, defends Theranos two months after the WSJ article was published. In denial, duped, or complicit after 14 years’ involvement? We’ve yet to find out....
first they think your crazy, then they indict you, then you go to jail!
I read the title as *"THANOS"*
Dude that shit was a scam from the start.
Wow, this video was really well done
No way was her dad VP of Enron. What the fuck.
Wow I literally just listened to a podcast about Elizabeth Holmes, it’s called The Dropout, so if you want to know more about her, I really recommend listening!
adna just found them. Thanks! I wonder how different the podcast to the HBO show.
Read Bad Blood-the book is brutal and show how horrible Elizabeth really was
The machines themselves were never in the store. Theranos did all the testing on mostly hacked commercial machines at clinical lab setup by Theranos. All the drawn blood was couriered to Theranos and the testing done there.
congrats/bravo for summing up very well in 7:23 what it took myriad podcasts and docus to do in multi-part time-sucking overkill...and you do it fairly vs simply harping on the salacious/evil.
This was really good. Very helpful summary of the most basic facts to get a grip on the underlying themes here. Thanks!
I believe Tyler Schultz was the his grandson
you deserve more subscribers man, ur vids are great and the quality is amazing
make this a series on other topics
What other kinds of things would you like to see?
If investors just said . "Can I see it work" All these wall street scams would be over.
She looks like a female version of Mark Zuckerberg....lol
The unblinking eyes, fixed smile, that deep commanding voice - all bizarre yet fascinating. She seemed supremely confident and I believe she was faking the funk, treading water, buying time.take your pick because she intended to live up to the hype and actually come through with her innovative invention.
ALL SYSTEMS FAILED 🔥🔥🔥
Her eyes look like they are about to pop out
It was in 1987 when US President Ronald Reagan said, "Mr. Gorbachev, tear down this wall".
Christian Holmes IV wasn't the vice president of Enron. He was a VP of a division at Enron.
Elizabeth Holmes did not pitch her idea to her "medicine professor."
1:02
This car is traveling backwards.
Yes, it’s symbolic of the beginning of the end (going in reverse)
Or maybe I couldn’t find a better shot
A friend of mine use to say : ideas are like assholes, everybody gets one
"This what happens when you want to change the world"
She's a victim more of pharmaceutical carthels.
Cheer guys from majestic Lake Titicaca Bolivia
She also screamed at her employees a threatened to sue them and deperson them if they spoke out about what they were doing and how bad their product really was.
“Fake it til u make it” lmao
Ari - that's the best..."In silicon valley there's shady characters...then there's Elizbeth Holmes". Nice
love vids like this, very concise!
BREAKI8NG NEWS; "Katherine "Katy" Textor, the dear, dedicated producer who collaborated with Morley Safer on nearly all of the master storyteller's reports over his last years on "60 Minutes," died of cancer Friday at New York-Presbyterian Hospital in Manhattan. She was 45.
Theranos
Th er anos
Th anos
Thanos
Coincidence?
The Law of One, as written in a multitude of conversations with Ra in the 80s.
Ra being a 6th memory social complex formed on Venus 2+billion years ago.
Those Law of One conversations are still published and available and relate to contact with Ra in Egypt ( The RA nos ) to try and spread the Law of One .
Epitome of "Fake it till you make it"
The fact that her father was VP at Enron should have thrown up red flags everywhere.
Before I knew her voice was fake i thought, her voice sounds a little strange. Once you know it’s fake it sounds creepy.