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- Investors were swayed by Theranos' promises of groundbreaking technology and comprehensive tests requiring minimal blood, despite inconsistencies and lack of thorough scrutiny.
- Investors like Lisa Peterson trusted Theranos based on manipulated documents and endorsements, leading to questions about the legitimacy of the company's claims.
Deep dives
Investing with Theranos and Elizabeth Holmes' Bold Claims
Investors like Bryan Talbert from the Hall Group were drawn to Theranos by the promise of revolutionary technology that required just a drop of blood for comprehensive tests. Talbert believed in Holmes' claims that the technology had advanced significantly, allowing for a wide range of laboratory tests to be conducted. Despite the lack of due diligence, he trusted Theranos' ability to deliver on its promises, unaware of discrepancies like the use of venous draws instead of finger sticks.
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