
EP 397: Self Help, LLC: Bad Usage With Samara Bay
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The Story of Elizabeth Holmes
Elizabeth Holmes dropped out of Stanford at 19 with a dream to build a machine that would allow anyone to test a single drop of their blood for numerous disease markers. She used the concept and an ever expanding personal network to raise almost half a billion dollars in venture capital between 2004 and 2014. At its peak, Theranos was valued at nine billion dollars and Holmes herself was named by Forbes as the world's youngest and wealthiest self made woman billionaire. Unfortunately, the device Holmes envisioned, raised money on, and signed contracts with major chains for was deemed a bioengineering impossibility. It didn't exist and it wasn't going to exist. Hence, the fraud charges.
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