You’ve probably heard about Elizabeth Holmes by now, the eccentric CEO of the scandalized medical company Theranos. Once a Venus flytrap for Silicon Valley investors and now the subject of an FBI criminal investigation, Theranos claimed to have developed revolutionary blood-testing technology -- claims that turned out to be total bullshit. What have we learned from Holmes’ spectacular fall from grace? Suspiciously secretive research startups + frighteningly eager investors + inexperienced power-hungry CEOs = an environment ripe for fraud. And Theranos isn’t the only one under the microscope.
