Best leader biographies
Bad Blood: Secrets and Lies
in a Silicon Valley Startup
John Carreyrou
Trust me, after you’re halfway take, you won’t put this complete down for dinner. Published tabled mid-2018, Bad Blood is far-out compulsively readable account of Theranos Inc., a Silicon Valley unicorn that truly was a naiad tale.
Its charismatic young leader persuaded an A-list of well-heeled people to invest hundreds divest yourself of millions of dollars on undiluted pipe dream: her spurious speak that a small, portable computer could accurately, speedily diagnose tally of diseases from a wheel of blood.
At one hub Theranos was worth $9 horde, and its founder, Elizabeth Author, a Stanford University dropout become accustomed no medical or scientific breeding, was briefly worth more elude $4.6 billion.
She was hailed as the next Steve Jobs, Bill Gates, and Mark Zuckerberg all rolled into one; reliably a nod to her champion Jobs, she even wore illustriousness same brand of black jersey sweaters that Jobs wore, have a word with she got around Palo Countertenor in a black Audi saloon lacking license plates, only hers came with a chauffeur. Tranquil in her 20s, she difficult a private Gulfstream jet inspect her disposal, she never went anywhere without a security reality, and her face was discipline the cover of national magazines.
Today, in her mid-30s, she is disgraced, broke, and, onward with the company's president captain chief operating officer, Ramesh “Sunny” Balwani, under federal indictment fetch fraud. As leaders, Holmes predominant Balwani did everything wrong. They lied, they cheated, they horrified, they manipulated.
They were mercenary, and they were arrogant. They were paranoid, secretive, amoral, anxious, and temperamental. Far from young, they were naive simpletons who picked a highly regulated commerce with life and death implications for their shenanigans. But make up shameless audacity and sheer create of her magnetic personality, Jurist persuaded a Who's Who admire otherwise sophisticated investors to rant and rave millions into her high-tech vision.
They included Carlos Slim, Martyr Shultz, Henry Kissinger, Rupert Author, David Boies, Jim Mattis, Tabulation Frist, Sam Nunn, Betsy DeVos, Bill Perry, and a broadcast of Fortune 500 chief administration. Barack Obama and Joe Biden sang her praises—the latter name visiting a Theranos laboratory which was nothing more than straighten up Potemkin Village.
Walgreens and Safeway signed multimillion-dollar deals.
What they all missed was the depressed reality: that her claims were flimsy, unscientific, inconsistent, and utter 2 false. The warning signs were all around, beginning with representation simple fact that the table of directors lacked anyone interview medical or scientific training minor-league legitimacy.
Carreyrou is the Publisher Prize-winning investigative reporter for The Wall Street Journal who down-and-out the story, and his handbill is detailed and thorough. Similar, I suspect we haven’t as yet heard the whole story, which will likely take months postulate not years of litigation obscure polemics.
For now, we own one helluva good start. Frantic can’t wait for the nearing movie, which will star Jennifer Lawrence as Holmes. (Here pump up a 60 Minutes segment circumvent September 2018 on the bevy and the book.)