me too, it is so unbelievable.and bonkers. Scientists v narcissist business people always an interesting phenophenon, bit like scientists v politicians
The eyes said it all…when she was giving a tour of the lab to the vice president, the lab looked amazing, moonlighting, pristine rows of Edisons lit up, and folks in freshly starched lab coats 🥼 looking medical and professional. The entire setting and experience had been set up the night before with supervision and directives from EH…inside those beautiful Edison boxes were squirrels and saw dust
And you know this for sure...how? Based on documentaries you've watched? You clearly didn't watch this one to the end. The culture and investors enabled her when they had more power to do all the quality checks.
@@metastractShe fired anyone who questioned her and we know this from the employees who came forward and said so. She’s nothing but a con artist and a scammer and her and her ex Sunny knew what they were doing was wrong
The concept of Holmes being a self-made anything to me is nonsensical. Her parents had ties to the tech industry and US Govt, so she grew up learning how to be comfortable in those arenas. She had a level of inherited social capital that is extremely relevant in terms of how she got where she did.
The major reason why this happened and went for so long is because it was always mainly about money, for the investors as well as for her. Human well-being was never at the forefront...
True, but I would go deeper, it's always about money yes, but now ever more than before money often willingly goes to where the "story" is, not where the reality is. It's a much tougher to sell actualized things as they are, you have to make up stories around them and sell those instead....and hopefully those stories are just marketing strategies for real things.
I've watched and read so much on Theranos and this was the best summary I've seen. To sum up: 1) Holmes' fraudulent "fake it til you make it" leadership is accepted practice in venture capital startups. 2) She was prosecuted because her developmental "fake" actually endangered real people's lives--which could have been avoided by more honesty, even if that meant delays. 3) Ignorance is an explanation, not an excuse for criminal fraud. Moral of the story? Just because everyone else jumps off a bridge, doesn't mean you should, too. A dumb idea (lying) is always a dumb idea--especially when it's illegal.
I wish they would stop saying her beauty helped her do this when they ACTUALLY mean her blonde hair, blue eye, thin youth helped her do this. And of those attributes, I think her youth was most useful. The men who invested in her viewed her more like a daughter who can take them to a prosperous future. Elizabeth never showed or emphasized any body parts, lowered her voice to be taken more seriously, and didn’t even brush her hair. She didn’t use seductress tactics, not even in her over-aged boyfriend who met her when she was learning Chinese as a teenager… She didn’t use any feminine seduction tactics, she sold a good story just like her male scammer counterparts.
What you say is very true and should be noted, but for men, and more especially old geezers....it only takes their imagination and a younger woman flattering them and especially one they would consider a trophy type.
Of course she'll claim her ex is at fault. When you're so obviously guilty, your only option is to do what she ever did: plain out lie. There is no way to defend what she did, so her defence has to invent some weird story in order to make her look like the victim. Else the only thing left to say would be "Yup. She did it. She's guilty of all allegations".
Hm, I disagree. Holmes ripped-off rich, super-rich and powerful individuals. Stands to reason most of them have chosen not to join the fray to press charges. Rich and powerful people don't like exposing their vulnerability and stupidity for the public-at-large to see.
If they get away with this, I will have lost faith in our legal system. It will promote distrust among society. Who else can hype up their claims without a consequence, if false?
My guess is she'll be sentenced to 15 or 18 years to appease the public and then out on a technicality in 18 months as soon as public interest dies down.
Reading people in the chat replay try to defend this broad while listening to this seriously makes my stomach turn. Her family members did the same thing at the trial today, trying to act like they were just random people talking to the press on the street and claiming she was a “victim” in this. But just read how she behaved to the widow after she drove her employee to commit suicide with her manipulation, bullying and gaslighting technique. Chick has zero empathy. Straight up monster
Things stop being good-faith embellishments when a conscious decision is made to explicitly lie about something which everybody involved would clearly recognize as being important. Holmes is not a babe in the woods; she's just without a moral compass.
While I get Dan W.'s perspective on the investor's lack of DD that is by no means a get out of jail card for the perps. Lying is a fraud, fraud is illegal, and should be appropriately punished to dissuade others from doing likewise.
It's perhaps telling that investors and board members have been silent on this case. No one seems to want to come out and say how they were taken in by Holmes.
35:45 former board member: "there wasn't any engineering problem". Really??? What are you smoking? The product did not work, isn't that an engineering problem???
i think they didn't get far enough in development to have an engineering problem, so technically and sarcastically, this bullshit nugget might be true.
No, it's not about engineering, it's about the science (biology, bio-chemistry) per se. You have to build machine which fits human, not the other way round. There are reasons,, medical ones, you can't perform certain tests with cap. blood samples. No, "fancy box" will change those reasons.
Read the book! It is fascinating and factually puts together everything she did to fraud everyone. She tried multiple time to get in the military, thank good someone in the military.
Elizabeth Holmes' father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company that later went bankrupt after an accounting fraud scandal. Later he held executive positions in government agencies such as USAID, the EPA, and USTDA.
She deserves to take full accountability for everything she did. Something to understand, though - she wasn’t enabled for the first time at Stanford, she was enabled for the first time by her parents, who share her same beliefs. They believe that wealth is the ultimate goal, and “fake it til you make it” is more than okay. When Elizabeth was 9, she wrote a letter to her father in which she said her greatest goal was to be a billionaire. When she was in elementary school, she said she didn’t want to be the president when she grew up, but rather that a male president would want to marry her because she would be so rich. It’s not a surprise that she ended up this way. She frauded and guilted people her way through life. This is not a new game to her. Her parents taught her how to play it.
and even worse, if my teen daughter was dating an old fart old enough to be her father...I would have sat her in the corner. She had no business using an older guy for her greed---she could have cared less about that relationship with Sunny -- he was just her business ladder to climb.
Well, she got her wish to become a billionaire, and, now, everything that goes along with it, ie.; all the trouble she has inherited, as well as a prison term. Perhaps, in prison, she will begin to understand the folly of her thinking; the wrongness of greed and wanting fame. The obscure man or woman who works daily and never has a lot of money is far ahead of her in every way.
@@viyer3389 sorry, the grooming started A. when the parents sent her Mandarin Language lessons and worse when she was a youngster and kept pushing her to be 'worth' something! Well she is well worth something now: an orange jumper wearer. As should be. The story tells how greedy and inept parents push their growing children to be what they want. They did not foster autonomy.
She was no victim, she is still no victim. Just because she is a woman and the trial is taking place in 2021, it is no reason to twist things so make people believe she was a victim. She has to be held accountable for what she did.
She would never never never have made it if it wasn’t for her skin color. She’s somewhat pretty, blonde and talks smart. She’s up there with Bernie Madoff.
Dan's statement that Holmes is a victim is NOT true and he must have an attraction to her. How could you look at the whole body of work and state that?? Makes zero sense other than she's captivated him and the other guy like she did with her board. Disgusting.
This "Doc" suggests the tech was possible, proven even by a previous company's work. That company did not have a working device. The issue is simple: too small a sample, too many demands.
I really enjoyed this entire presentation. The first half hour was some analysis and then the documentary itself. Great job and I look forward to more….
But I do feel sorry for the people who took her fake blood tests and the employees that her legal team threatened and harassed when they exposed the truth.
Yeah, I don't either. Maybe because they have THAT much money to lose and just walk away like it's just another day. In the end, these investors know the score and they know that they are taking a big risk for a potential big payout, which may never come. It's the name of that type of investor game.
Thank you Yahoo Finance! It was an interesting take on the case of Theranos. You contextualized it, shining a light on the culture that enabled it. This allowed us to take a better look at the case and to learn more from it. I look forward to more great documentaries from you. Gracias y ten cuidado!
Narcissism at it's finest. First things first, what voice are we going to use today? She would be a great acting coach. She lied about the lies that she lied about. GUILTY!!!
I couldn't care less about those rich investors being fooled. What upsets me is the possibility of patients dying because of this fraud. Were these machines on helicopters evacuating soldiers from an actual field of combat? Must buy Bad Blood book.
I just finished the book and it was amazing. I’m tempted to read it again. The book doesn’t mention the military, but I read an article stating the military did not purchase any of these machines. They wouldn’t talk to Holmes and did not want her devices.
She scammed investers out of millions, even worse she was dishonest with actual people medical. But yet still they made it sound like it wasnt really her fault and even partially calling her a victim. Poor people that commit crimes on a much smaller scale than her get way more blow back.
Why is Walgreens getting off so cheap? Not to mention the investors. They all had information that they kept to themselves for there own advantage/profit. Sick as our healthcare system.
One thing I’ve never understood is the big deal about “It’s only a drop of blood.” I don’t like getting stuck with needles much but once the needle is in I don’t care if they take 2 ounces. 3 drops or 3 ounces it hurts the same.
Well. its obvious thats where this is headed. WHEN (not if) things turn against them in court, thats the obvious move. I can certainly see this Sunny character turning on Holmes at some point.
I remember the first time I ever saw an article on Theranos. My very first thought was "Why a college dropout? Wouldn't a medical professional have come up with this already?" Not to be haughty or full of myself, but I had questions from the first moment i read about her.
Assuming she is not a psychopath, imagine the incredible stress of having taken that company to those limits and all that money KNOWING it was all bullshit, and knowing you couldn't get away or just disappear?? Imagine how her life was on a day to day.
It could be because she is such a psychopath and most psychos have a strong tendency towards habitual lying that soon they start to believe their own lies. Once confronted with conflicting information, they prefer their side of the story over the truth. So I don't believe that she felt any guilt, shame, or remorse for her crime.
@@Godrules1111 I think you are right... but that is why I said IMAGINE SHE IS NOT A PSYCHOPATH....because a normal person just couldn't pull that off... but it made me wonder THEN who a normal person deals with such numbers and power and such a huge business. Imagine al the billionaires and the ones that own businesses etc... their brains and moralities MUST BE a bit different than you and me, no??
@@ggrthemostgodless8713 Oh, they are definitely different! Did you notice that during her interviews she looked totally different than she did when she was on her way to court and had some downtime before and after with her husband. These two women are not the same person. My hunch is that this person grew up poor and idolized all the celebrities and people with power practically her whole life and still does. Her dream was to rub elbows with the money makers, like Paul Mitchell, and the Clintons and she did. Years ago, I remember a similar story about someone on her way to prison and she just happened to be pregnant by her boyfriend and got to have her baby in prison. Special note: This person looks like she's had quite a few children in the past, she is no young chicken. Also, is 11 years proper protocol for fraud? Because I thought 10 was the max. I think this one did more crimes still to be released to the public and we are going to find out more about her past.
@@Godrules1111 She came from generational wealth. Her parents were once wealthy until Enron, where her Dad was a Vice President, imploded. So that is not the cause.
This was an original and thoughtful take on the case of Elizabeth Holmes’ and Theranos. I appreciate that the documentary maintained placing accountability with Holmes while also crediting her for her vision that has become reality through other medical startups. The film successfully made the case that it was the compounding effect of overaggressive valuation with too little due diligence from the media, SV community, the board, federal agencies, and investors. I agree Holmes is culpable but so are all the players that did not perform their core duties - While she was center stage, it was indeed all of the players that failed and enabled the deception to continue for over a decade.
A lot of people have the idea of a flying machine but guess who got the credit? Holmes’ idea was simply the history of the world: doing more with less. Nothing groundbreaking there.
1:11:14 "Venture capital, and the rule of capital in VC is that out of 10 investments you'll have 3 that'll fail, you'll have 3 that'll kinda go fine, and then you'll have one or two that actually make you money" So the so called specialist in VC can only count to 8 or 9. That explains how Holmes played a mockery out of everyone.
Kudos on your first doc, YF. Enjoyed it. Such a bizarre woman, and I wonder how people didn't see through her strange façade. It seems obvious in retrospect that her personality was as fraudulent as her product.
I came across this in the week of the verdict and it provides a fascinating insight to everything which has unfolded over the last few weeks. Thank you for posting. 🙏
Why aren't the board members being individually held accountable? When I served on one for a charity, the paperwork clearly indicated that the board members were legally responsible for the decisions they made.
Now I understand the function & purpose of a board! Always thought it was more of a position to recompense the biggest investors or donors. A title only...Big fail at Theranos.
@@anitahamel4576 When the Board found out that we could be personally liable, the parking lot got repaved as a top priority. It was a tripping hazard and blocked handicapped access. I think it's hugely important.
One sad aspect of this is that there is probably someone out there who has the training, know how and brains to develop a device which could actually make blood testing on a consumer level a reality. Due to the scam that Holmes committed and also her holding stupid as hell patents which can block others from developing these devices -- it will be very hard if not almost impossible for a truly skilled person to develop such a device. I hope Holmes gets the book thrown at her in terms of sentencing. And as well, I hope that those patents she is holding are revoked.
@@llhannah9297 yes, the more I learn about big ventures is that most brag of an Oak Tree, when all they have is an Acorn. There was good Intent. The people who had $ to invest didn't lose their next meals or homes over it - like Bernie M. Ponzi vics. Etc... They wanted to believe without due diligence. & we all can do that- we hope / we sell dreams. The Audacity of Hope / vs / chasing clout, fabricating dreams, promoting lies. I think it would have been more honorable to state clearly where they were at exactly. - instead of Selling a tractor with no engine and with garden rakes glued to the back on claims that they tilled a whole field.
@@llhannah9297 "Yes and that only proves that she wasn't delusional, her vision was attainable and she did accomplish it. " Yeah, In your dreams probably. Another sleeping beauty (maybe not).
It's very simple, IF prosecutors CANNOT prove she knew the product didn't work, then it's NOT GUILTY. The real issue is why these investors not want to sue her? It's their money, are they too stupid to learn about their own investments? The SEC/AG should prevent these so called "board members", mostly irresponsible doctors from ever serving on a board again.
What is this garbage. Homes knew all about what was going on. It's documented in detail in 'Bad Blood' how Elizabeth was informed multiple times that it didn't work, after which she went straight to investors and lied to get money. To make her a victim in this 'documentary' is disgusting.
Be fair now, Elizabeth disagrees. Anyway, it was the medias fault. And those venturist people. Sonny. What's that other guys name? You know, the one thats always doing stuff. I think he's Bill Clintons mate. Thats not really important right now, follow the trail ! My God, I think she may just get away with this. Yikes ! She might just charm the judge.
Yes, exactly. This high powered woman who felt entitled to have the chances as men, get the same or more funding, etc...yet when the sh-t hits the fan and she screws up big time, she suddenly gets pregnant, no or minimal makeup, lots of demure "I don't know" responses, and it's all my boyfriend's fault b/c suddenly he was controlling me like a puppet (even tho I didn't look or act like it, quite the opposite) and I was afraid for my life. Yeah, right.
Yahoo, this was really good. You brought something different out here from the other documentaries on Holmes and Theranos. Several elements and dimensions, really. But just one example was the generational networks of VC and the history and outlook of Silicon Valley. Great job.
The investors who didn't do any due diligence, are also responsible for the fraud and potential human harm because it's tTHEIR MONEY THAT PURPATRATED THE FRAUD AND POTENTIALLY PUT PEOPLE IN DANGER. But of course, they don't take any responsibility for it. Putting the responsibility on someone else is how they got to the big jobs and big money in the first place.
There's nothing particularly different that Holmes did from other pharmaceutical companies except not distribute mouth watering returns for these vultures....i mean investors.
The narrative of this documentary sucks. They try really hard to show her as a victim or some kind of misguided entrepreneur that had a great vision and didn't make it, like many others in SV. Well, it's documented that several of her employees (and ex-teachers) told her that it's a) not working and won't work and b) they use ethically questionable practices to diagnose real patients (with potentially life-threatening consequences). Hell she even wanted to sell the (non-working) product to the military. All the concerns were not only brushed off but the employees were also threatened. Those who didn't shut up were fired or left. She also kept all departments on purpose isolated and didn't hire any people with medical knowledge for higher positions. They even created a fake lab for visits. It's pretty obvious that this was an elaborate scam for making money and that the intention to create a viable product was secondary. Also then some still claim that the device is doable. Well, maybe one day but currently we would need several MAJOR breakthroughs in medical diagnostics to make it possible. Just ask yourself: how plausible does it sound? Extraordinary claims require extraordinary evidence and it seems not a single person on the board asked some expert in that field before giving her millions. That's more than foolish. Also the people working in medical diagnostics were saying from the beginning on that this device is bogus and no one listened to them. Here's what I think: she's an sociopath with some crazy sprinkled on top. She wanted to make money, be famous, etc. and she probably really thought if she just throws money at it, it will magically work one day. She gambled high. If this was some other field and product (where a positive outcome is more likely) she may even have made it, she just made the mistake to choose the wrong one. Also a product where peoples life are at stake isn't a viable testing ground, but a sociopath isn't (emotionally) aware of that.
With all due respect, I saw some other interviews on TH-cam where they outright ask her if the military is using her machine and she clearly said "no", that it was just a possibility. I think she lied and skirted around that, as well as doing the fake labs, lied to Walgreens, etc. to get funding. It was all about funding the project...and funding her lifestyle. I agree completely...she gambled too high, and should have said they are working on the mini-lab but been honest that it wasn't operational yet.
@@bettywith2girls Thank goodness the military wasn't using the theranos analyzers. That really got me worried. Not that soldiers' lives are more important, every patient is important. Why did she not realize that life & death was involved here?.
"If" I were a venture capitalist I might have asked myself.. "Self? What credentials does this 19 year old drop out have to revolutionize the medical industry?" That question is what makes this story so interesting. Not that a 19 year old drop out could figure out how to conduct fraud and deep voice, but how big investors actually fell for it. I understand greed can blind people, but to this level is astonishing. Also embarrassing which is maybe why some big investors don't want to take it further?
13:45 You won't. It will continue to happen. Ted Talks are where I first saw her and it meant they lost all credibility for me as they obviously don't do background checks on their speakers. If there is money to be made, this will continue. It happened with Magic Leap also but that didn't put people in danger of death or long term health issues.
It was very obvious that somebody was going to pick up on Holmes' vision and make something like it, but by following a more realistic approach. Holmes never listened to her scientists or engineers. She could have made her machine, she was just going for too small of a device, using too little blood, and trying to run too many tests at once. Someone else will be victorious, because they'll actually approach it the right way and have the knowledge to pull it off. Probably with some of the same people who gained R&D intelligence from working for Theranos. She may end up sitting in jail for overestimating her abilities and ignoring her experts and pretending everything was a-okay in a very hyped up way. When it was very clear that it wasn't. I actually have the slightest bit of compassion for her. Other people will make millions and billions, with an idea that was not really on the horizon, before she came along. I wonder if the fact that somebody is actually pulling it off, albeit much more intelligently, will work to her advantage in her defense. It will illustrate that her idea was not unobtainable. She just wasn't on the right track because she wasn't listening to the right people. But she had a good idea. Unfortunately, it takes so much more, than a good idea, to get to market. LOL.
I think she guilty of not communicating they were failing. I think she’s guilty of caring on the facade too long. I think we all know that companies get money before they have a made product.
This WOMAN (E. Holmes) is to blame! Stop trying to deflect “who’s to blame”! Nine BILLION dollars for a hollow plastic box (The Edison)! Wow, she’s a true genius!
![Elizabeth Holmes: The 'Valley of Hype' behind the rise and fall of Theranos [documentary]](http://i.ytimg.com/vi/to2GSibbrv0/mqdefault.jpg)
![Elizabeth Holmes: The 'Valley of Hype' behind the rise and fall of Theranos [documentary]](/img/tr.png)
Can’t get enough of these Theranos documentaries. Don’t understand why
Bc she conned the whole world 🌎 for just under a decade, bc none of the regulators worked, bc the smartest guys in the room weren’t.
Omg me too
Train wrecks - you can't look away - like Fyre festival docs
@@elliotoliver8679 so on spot!
me too, it is so unbelievable.and bonkers. Scientists v narcissist business people always an interesting phenophenon, bit like scientists v politicians
This "she's a victim" nonsense needs to be flatly denied. If she was a minority she would get life in prison. I hope she gets 20 years.
Bingo
Clearly a reason why you're not on the jury.
I hope she gets 40
Years
That's only because you must believe men like Henry Kissinger aren't war criminals.
Who said she's a victim?
The eyes said it all…when she was giving a tour of the lab to the vice president, the lab looked amazing, moonlighting, pristine rows of Edisons lit up, and folks in freshly starched lab coats 🥼 looking medical and professional. The entire setting and experience had been set up the night before with supervision and directives from EH…inside those beautiful Edison boxes were squirrels and saw dust
She didn’t get bad advice. She simply chose to ignore any good advice she was given.
And you know this for sure...how? Based on documentaries you've watched? You clearly didn't watch this one to the end. The culture and investors enabled her when they had more power to do all the quality checks.
@@metastract 🙄
@@metastractShe fired anyone who questioned her and we know this from the employees who came forward and said so. She’s nothing but a con artist and a scammer and her and her ex Sunny knew what they were doing was wrong
The concept of Holmes being a self-made anything to me is nonsensical. Her parents had ties to the tech industry and US Govt, so she grew up learning how to be comfortable in those arenas. She had a level of inherited social capital that is extremely relevant in terms of how she got where she did.
Don't you know that's the American way!!!
Absolutely. Or, in simpler terms: This story is the best proof for "It's who you know".
To be sure she is extremely intelligent and a master of PR and networking
@@CherieButler aaaXVXXxaa
Self made convict
The major reason why this happened and went for so long is because it was always mainly about money, for the investors as well as for her. Human well-being was never at the forefront...
True, but I would go deeper, it's always about money yes, but now ever more than before money often willingly goes to where the "story" is, not where the reality is. It's a much tougher to sell actualized things as they are, you have to make up stories around them and sell those instead....and hopefully those stories are just marketing strategies for real things.
agreed
I've watched and read so much on Theranos and this was the best summary I've seen. To sum up:
1) Holmes' fraudulent "fake it til you make it" leadership is accepted practice in venture capital startups.
2) She was prosecuted because her developmental "fake" actually endangered real people's lives--which could have been avoided by more honesty, even if that meant delays.
3) Ignorance is an explanation, not an excuse for criminal fraud.
Moral of the story? Just because everyone else jumps off a bridge, doesn't mean you should, too. A dumb idea (lying) is always a dumb idea--especially when it's illegal.
I wish they would stop saying her beauty helped her do this when they ACTUALLY mean her blonde hair, blue eye, thin youth helped her do this. And of those attributes, I think her youth was most useful. The men who invested in her viewed her more like a daughter who can take them to a prosperous future. Elizabeth never showed or emphasized any body parts, lowered her voice to be taken more seriously, and didn’t even brush her hair. She didn’t use seductress tactics, not even in her over-aged boyfriend who met her when she was learning Chinese as a teenager… She didn’t use any feminine seduction tactics, she sold a good story just like her male scammer counterparts.
What you say is very true and should be noted, but for men, and more especially old geezers....it only takes their imagination and a younger woman flattering them and especially one they would consider a trophy type.
Timeframe alone will destroy her defense. Sonny didn’t arrive until after the frauds were initiated. Sonny was an an enabler, not an initiator.
Theranos' Chief Financial Officer confronted her on her deception and she fired him. That was pre-Sunny too.
Of course she'll claim her ex is at fault. When you're so obviously guilty, your only option is to do what she ever did: plain out lie. There is no way to defend what she did, so her defence has to invent some weird story in order to make her look like the victim. Else the only thing left to say would be "Yup. She did it. She's guilty of all allegations".
My understanding is that Sunny provided the capital to start the company, so wasn't he there from the beginning?
All the members of the board were enablers as well.
I agree with this, if you look at the timeline she was making all these claims before Sonny showed up.
GREED was the downfall of almost everyone involved. This story should be an episode on the tv show AMERICAN GREED!
It should be a two-hour episode!
She should be treated the same way Madoff was treated and the fact that she’s a woman should not entitle her to lesser punishment.
Exactly! Equal rights.
Ah my friend should be,could be,would be.We wont see any feminist screaming equal rights in this case.
but unfortunately they will
Hm, I disagree. Holmes ripped-off rich, super-rich and powerful individuals. Stands to reason most of them have chosen not to join the fray to press charges. Rich and powerful people don't like exposing their vulnerability and stupidity for the public-at-large to see.
I'm sure Elizabeth disagrees with your stance, strongly disagrees.
If they get away with this, I will have lost faith in our legal system. It will promote distrust among society. Who else can hype up their claims without a consequence, if false?
You must have great faith in Henry Kissinger and FDA.
@@kelleylynch4490 Lose faith in the legal system - how about the medical community?
My guess is she'll be sentenced to 15 or 18 years to appease the public and then out on a technicality in 18 months as soon as public interest dies down.
@@albertschulz5575 or Presidential pardon
Reading people in the chat replay try to defend this broad while listening to this seriously makes my stomach turn. Her family members did the same thing at the trial today, trying to act like they were just random people talking to the press on the street and claiming she was a “victim” in this. But just read how she behaved to the widow after she drove her employee to commit suicide with her manipulation, bullying and gaslighting technique.
Chick has zero empathy. Straight up monster
Things stop being good-faith embellishments when a conscious decision is made to explicitly lie about something which everybody involved would clearly recognize as being important.
Holmes is not a babe in the woods; she's just without a moral compass.
While I get Dan W.'s perspective on the investor's lack of DD that is by no means a get out of jail card for the perps. Lying is a fraud, fraud is illegal, and should be appropriately punished to dissuade others from doing likewise.
he was a board member, so this is his reputation saving bullshit.
She was a huckster. And she made a billion dollars. Dan W is a Mug.
It's perhaps telling that investors and board members have been silent on this case. No one seems to want to come out and say how they were taken in by Holmes.
35:45 former board member: "there wasn't any engineering problem". Really??? What are you smoking? The product did not work, isn't that an engineering problem???
i think they didn't get far enough in development to have an engineering problem, so technically and sarcastically, this bullshit nugget might be true.
No, it's not about engineering, it's about the science (biology, bio-chemistry) per se. You have to build machine which fits human, not the other way round.
There are reasons,, medical ones, you can't perform certain tests with cap. blood samples. No, "fancy box" will change those reasons.
That’s quite a big problem actually
Just a lil malfunction
Read the book! It is fascinating and factually puts together everything she did to fraud everyone. She tried multiple time to get in the military, thank good someone in the military.
Elizabeth Holmes' father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company that later went bankrupt after an accounting fraud scandal. Later he held executive positions in government agencies such as USAID, the EPA, and USTDA.
she can do 20 years without blinking
Dying !!! 🤣 🤣 🤣
funniest pun ever!!
She was told right from the beginning that what she wanted to do, could NOT be done.
She deserves to take full accountability for everything she did. Something to understand, though - she wasn’t enabled for the first time at Stanford, she was enabled for the first time by her parents, who share her same beliefs. They believe that wealth is the ultimate goal, and “fake it til you make it” is more than okay. When Elizabeth was 9, she wrote a letter to her father in which she said her greatest goal was to be a billionaire. When she was in elementary school, she said she didn’t want to be the president when she grew up, but rather that a male president would want to marry her because she would be so rich. It’s not a surprise that she ended up this way. She frauded and guilted people her way through life. This is not a new game to her. Her parents taught her how to play it.
and even worse, if my teen daughter was dating an old fart old enough to be her father...I would have sat her in the corner. She had no business using an older guy for her greed---she could have cared less about that relationship with Sunny -- he was just her business ladder to climb.
Well, she got her wish to become a billionaire, and, now, everything that goes along with it, ie.; all the trouble she has inherited, as well as a prison term. Perhaps, in prison, she will begin to understand the folly of her thinking; the wrongness of greed and wanting fame. The obscure man or woman who works daily and never has a lot of money is far ahead of her in every way.
You are too harsh on this visionary young lady, Elizabeth.
@@viyer3389 I am not too harsh. She understands her actions. She’s an adult and she is very calculated in what she has done.
@@viyer3389 sorry, the grooming started A. when the parents sent her Mandarin Language lessons and worse when she was a youngster and kept pushing her to be 'worth' something! Well she is well worth something now: an orange jumper wearer. As should be. The story tells how greedy and inept parents push their growing children to be what they want. They did not foster autonomy.
She was no victim, she is still no victim. Just because she is a woman and the trial is taking place in 2021, it is no reason to twist things so make people believe she was a victim. She has to be held accountable for what she did.
800 employees ?
What the hell were they all doing ?
She would never never never have made it if it wasn’t for her skin color. She’s somewhat pretty, blonde and talks smart. She’s up there with Bernie Madoff.
It is all non verbal behaviour and nothing of essence.
Correct
Facts
She has Jewish blood.
WTF. Nothing to do with race and everything to do with sociopathic clever and manipulative behaviour.
Dan's statement that Holmes is a victim is NOT true and he must have an attraction to her. How could you look at the whole body of work and state that?? Makes zero sense other than she's captivated him and the other guy like she did with her board. Disgusting.
That was a bizarre statement. It was basically, "They got what they deserved."
*buys turtle neck*... "Am I Steve Jobs yet"?
😆🤣
I could have gotten huge breast implants and became Dolly Parton...Crap!
This "Doc" suggests the tech was possible, proven even by a previous company's work. That company did not have a working device. The issue is simple: too small a sample, too many demands.
It's not a public company, if you are accredited investor, you can only blame yourself for not doing the due diligience well enough.
Nice work, Alexis Keenan. Keep at it. Looking forward to seeing more great things from you...!
I really enjoyed this entire presentation. The first half hour was some analysis and then the documentary itself. Great job and I look forward to more….
Surprised this is the first documentary YF has ever done! Really enjoyed it. Hopefully the beginning of many more to come.
Agreed. It was well done.
Seriously? This appears to be what is known as ‘branded content’ and they are suppose to disclose that.
I wonder how much money has been stashed offshore.
Exactly! Ck her parents backyard attics and basement. NO ONE IS THINKING ABOUT THE MONEY!
I hope she gets serious jail time. Meanwhile, why don't I feel sorry that the Waltons, Murdoch and DeVos each lost over $100 million?
But I do feel sorry for the people who took her fake blood tests and the employees that her legal team threatened and harassed when they exposed the truth.
Because they had 100 million dollars to fork over?? Good Lord, who has that kind of money...
Yeah, I don't either. Maybe because they have THAT much money to lose and just walk away like it's just another day. In the end, these investors know the score and they know that they are taking a big risk for a potential big payout, which may never come. It's the name of that type of investor game.
OMG, even Walgreens thought this b.s. was viable, tho!
Thank you Yahoo Finance! It was an interesting take on the case of Theranos. You contextualized it, shining a light on the culture that enabled it. This allowed us to take a better look at the case and to learn more from it. I look forward to more great documentaries from you. Gracias y ten cuidado!
Narcissism at it's finest. First things first, what voice are we going to use today? She would be a great acting coach. She lied about the lies that she lied about. GUILTY!!!
With eight older men in the jury and one in the judge's seat, I can only hope her baby blues won't charm her way out of wrongdoing
I couldn't care less about those rich investors being fooled. What upsets me is the possibility of patients dying because of this fraud. Were these machines on helicopters evacuating soldiers from an actual field of combat? Must buy Bad Blood book.
I just finished the book and it was amazing. I’m tempted to read it again. The book doesn’t mention the military, but I read an article stating the military did not purchase any of these machines. They wouldn’t talk to Holmes and did not want her devices.
@@terryKessler42719 Thank you. Big sigh of relief on my part.
Great job YF in putting this documental together 👍🏽👍🏽
I can't believe this doesn't have more views... This was excellent!!
Agree. I was surprised by the low number of views
She scammed investers out of millions, even worse she was dishonest with actual people medical. But yet still they made it sound like it wasnt really her fault and even partially calling her a victim. Poor people that commit crimes on a much smaller scale than her get way more blow back.
Why is Walgreens getting off so cheap? Not to mention the investors. They all had information that they kept to themselves for there own advantage/profit. Sick as our healthcare system.
One thing I’ve never understood is the big deal about “It’s only a drop of blood.” I don’t like getting stuck with needles much but once the needle is in I don’t care if they take 2 ounces. 3 drops or 3 ounces it hurts the same.
Her best bet would be an insanity plea. She's clearly a sociopath.
I think you may be correct.
Well. its obvious thats where this is headed. WHEN (not if) things turn against them in court, thats the obvious move. I can certainly see this Sunny character turning on Holmes at some point.
I remember the first time I ever saw an article on Theranos. My very first thought was "Why a college dropout? Wouldn't a medical professional have come up with this already?" Not to be haughty or full of myself, but I had questions from the first moment i read about her.
Assuming she is not a psychopath, imagine the incredible stress of having taken that company to those limits and all that money KNOWING it was all bullshit, and knowing you couldn't get away or just disappear?? Imagine how her life was on a day to day.
It could be because she is such a psychopath and most psychos have a strong tendency towards habitual lying that soon they start to believe their own lies. Once confronted with conflicting information, they prefer their side of the story over the truth. So I don't believe that she felt any guilt, shame, or remorse for her crime.
@@Godrules1111
I think you are right... but that is why I said IMAGINE SHE IS NOT A PSYCHOPATH....because a normal person just couldn't pull that off... but it made me wonder THEN who a normal person deals with such numbers and power and such a huge business. Imagine al the billionaires and the ones that own businesses etc... their brains and moralities MUST BE a bit different than you and me, no??
@@ggrthemostgodless8713 Oh, they are definitely different! Did you notice that during her interviews she looked totally different than she did when she was on her way to court and had some downtime before and after with her husband. These two women are not the same person. My hunch is that this person grew up poor and idolized all the celebrities and people with power practically her whole life and still does. Her dream was to rub elbows with the money makers, like Paul Mitchell, and the Clintons and she did. Years ago, I remember a similar story about someone on her way to prison and she just happened to be pregnant by her boyfriend and got to have her baby in prison. Special note: This person looks like she's had quite a few children in the past, she is no young chicken. Also, is 11 years proper protocol for fraud? Because I thought 10 was the max. I think this one did more crimes still to be released to the public and we are going to find out more about her past.
@@Godrules1111 She came from generational wealth. Her parents were once wealthy until Enron, where her Dad was a Vice President, imploded. So that is not the cause.
I think this whole case is fabulous. I’m excited. The world was watching the olympics, now ill be watching this trial
Agreed, I find this so intriguing
I was wondering if the trial would be broadcast
So do l, how did she get so far with it. 😂
I can’t get enough, I wish it was on TV because it’s better than OJ
“Preston Tucker” defense is the backup in case “Blame Sonny” doesn’t fly…
"Preston Tucker"?
@@JohnSmith-eo5sp google is your friend
Another sad tale about greed, hunger of fame and lack of empathy
This was an original and thoughtful take on the case of Elizabeth Holmes’ and Theranos. I appreciate that the documentary maintained placing accountability with Holmes while also crediting her for her vision that has become reality through other medical startups. The film successfully made the case that it was the compounding effect of overaggressive valuation with too little due diligence from the media, SV community, the board, federal agencies, and investors. I agree Holmes is culpable but so are all the players that did not perform their core duties - While she was center stage, it was indeed all of the players that failed and enabled the deception to continue for over a decade.
A lot of people have the idea of a flying machine but guess who got the credit? Holmes’ idea was simply the history of the world: doing more with less. Nothing groundbreaking there.
1:11:14 "Venture capital, and the rule of capital in VC is that out of 10 investments you'll have 3 that'll fail, you'll have 3 that'll kinda go fine, and then you'll have one or two that actually make you money"
So the so called specialist in VC can only count to 8 or 9. That explains how Holmes played a mockery out of everyone.
Yeah...I noticed that too! (lol)!
Very informative documentary. I hope to see more from Yahoo! Finance.
Kudos on your first doc, YF. Enjoyed it. Such a bizarre woman, and I wonder how people didn't see through her strange façade. It seems obvious in retrospect that her personality was as fraudulent as her product.
When there is a vision and a mission, it must be broken down into specifics: timelines, tasks, audit, process, compliance and controls.
I was actually pleased to see Henry Kissinger was one of those who lost a pisspot full of money. Couldn't happen to a nicer guy.
Agreed. (he is a war criminal, you know).
Having a war criminal on your board must stand for something
All those pathetic apologists for her 'vision' seem to be conveniently dismissing one crucial fact - she was putting lives in danger.
I came across this in the week of the verdict and it provides a fascinating insight to everything which has unfolded over the last few weeks. Thank you for posting. 🙏
Why aren't the board members being individually held accountable? When I served on one for a charity, the paperwork clearly indicated that the board members were legally responsible for the decisions they made.
Now I understand the function & purpose of a board! Always thought it was more of a position to recompense the biggest investors or donors. A title only...Big fail at Theranos.
@@anitahamel4576 When the Board found out that we could be personally liable, the parking lot got repaved as a top priority. It was a tripping hazard and blocked handicapped access. I think it's hugely important.
Oh wow Yahoo did a thing!
One sad aspect of this is that there is probably someone out there who has the training, know how and brains to develop a device which could actually make blood testing on a consumer level a reality. Due to the scam that Holmes committed and also her holding stupid as hell patents which can block others from developing these devices -- it will be very hard if not almost impossible for a truly skilled person to develop such a device. I hope Holmes gets the book thrown at her in terms of sentencing. And as well, I hope that those patents she is holding are revoked.
@1:23:00 - Truvian & Genalyte. Did you watch the whole docu?
@@llhannah9297 yes, the more I learn about big ventures is that most brag of an Oak Tree, when all they have is an Acorn. There was good Intent. The people who had $ to invest didn't lose their next meals or homes over it - like Bernie M. Ponzi vics. Etc... They wanted to believe without due diligence.
& we all can do that- we hope / we sell dreams.
The Audacity of Hope / vs / chasing clout, fabricating dreams, promoting lies. I think it would have been more honorable to state clearly where they were at exactly. - instead of Selling a tractor with no engine and with garden rakes glued to the back on claims that they tilled a whole field.
@@llhannah9297 "Yes and that only proves that she wasn't delusional, her vision was attainable and she did accomplish it. " Yeah, In your dreams probably. Another sleeping beauty (maybe not).
It's very simple, IF prosecutors CANNOT prove she knew the product didn't work, then it's NOT GUILTY. The real issue is why these investors not want to sue her? It's their money, are they too stupid to learn about their own investments? The SEC/AG should prevent these so called "board members", mostly irresponsible doctors from ever serving on a board again.
What is this garbage. Homes knew all about what was going on. It's documented in detail in 'Bad Blood' how Elizabeth was informed multiple times that it didn't work, after which she went straight to investors and lied to get money. To make her a victim in this 'documentary' is disgusting.
Unfortunately, feminist don’t believe women should be held accountable for anything. In their opinion, whenever a woman fails it’s men’s fault.
@@escapedthematrix2373 Yeah...that throwing her ex-BF and blaming him is a new low.
Be fair now, Elizabeth disagrees. Anyway, it was the medias fault. And those venturist people. Sonny. What's that other guys name? You know, the one thats always doing stuff. I think he's Bill Clintons mate. Thats not really important right now, follow the trail ! My God, I think she may just get away with this. Yikes ! She might just charm the judge.
Who produced this? Interesting points and very pro Elizabeth Holmes.
1:00:14 which corner of happy and healthy are cigarettes sold on Walgreens?
I like how women in high places still use men in their lives as a defense for failure but men on trial aren't allowed.
Yes, exactly. This high powered woman who felt entitled to have the chances as men, get the same or more funding, etc...yet when the sh-t hits the fan and she screws up big time, she suddenly gets pregnant, no or minimal makeup, lots of demure "I don't know" responses, and it's all my boyfriend's fault b/c suddenly he was controlling me like a puppet (even tho I didn't look or act like it, quite the opposite) and I was afraid for my life. Yeah, right.
very proud of yahoo finance for these docus
She's NOT an entrepreneur, shes a criminal.
She was Theranos only voice. Now she sais that she was forced to do that. Pathetic!
I'd like to see an investigation into the Pc r test
💯
Caveat Emptor - if you're going to buy shares (or anything) - do your due diligence!
Send this fraud trixer to jail. She or they played with people life's and fraud.
Yahoo, this was really good. You brought something different out here from the other documentaries on Holmes and Theranos. Several elements and dimensions, really. But just one example was the generational networks of VC and the history and outlook of Silicon Valley. Great job.
The investors who didn't do any due diligence, are also responsible for the fraud and potential human harm because it's tTHEIR MONEY THAT PURPATRATED THE FRAUD AND POTENTIALLY PUT PEOPLE IN DANGER. But of course, they don't take any responsibility for it. Putting the responsibility on someone else is how they got to the big jobs and big money in the first place.
Very well done!
She's 100% innocent- and that's her natural voice!
There's nothing particularly different that Holmes did from other pharmaceutical companies except not distribute mouth watering returns for these vultures....i mean investors.
MORE! Great content!
Well Holmes and Balwani hid their relationship from the board so I believe they hid many things from the board.
Damn! Holmes was really good at picking the pockets of the rich and powerful. Applause, applause.
Great documentary! Thank you!
Her eyeballs. She never blinks.
Lawlessness, self deception and greed
The narrative of this documentary sucks. They try really hard to show her as a victim or some kind of misguided entrepreneur that had a great vision and didn't make it, like many others in SV. Well, it's documented that several of her employees (and ex-teachers) told her that it's a) not working and won't work and b) they use ethically questionable practices to diagnose real patients (with potentially life-threatening consequences). Hell she even wanted to sell the (non-working) product to the military. All the concerns were not only brushed off but the employees were also threatened. Those who didn't shut up were fired or left. She also kept all departments on purpose isolated and didn't hire any people with medical knowledge for higher positions. They even created a fake lab for visits. It's pretty obvious that this was an elaborate scam for making money and that the intention to create a viable product was secondary.
Also then some still claim that the device is doable. Well, maybe one day but currently we would need several MAJOR breakthroughs in medical diagnostics to make it possible. Just ask yourself: how plausible does it sound? Extraordinary claims require extraordinary evidence and it seems not a single person on the board asked some expert in that field before giving her millions. That's more than foolish. Also the people working in medical diagnostics were saying from the beginning on that this device is bogus and no one listened to them.
Here's what I think: she's an sociopath with some crazy sprinkled on top. She wanted to make money, be famous, etc. and she probably really thought if she just throws money at it, it will magically work one day. She gambled high. If this was some other field and product (where a positive outcome is more likely) she may even have made it, she just made the mistake to choose the wrong one. Also a product where peoples life are at stake isn't a viable testing ground, but a sociopath isn't (emotionally) aware of that.
With all due respect, I saw some other interviews on TH-cam where they outright ask her if the military is using her machine and she clearly said "no", that it was just a possibility. I think she lied and skirted around that, as well as doing the fake labs, lied to Walgreens, etc. to get funding. It was all about funding the project...and funding her lifestyle. I agree completely...she gambled too high, and should have said they are working on the mini-lab but been honest that it wasn't operational yet.
A perfect analysis.
@@bettywith2girls Thank goodness the military wasn't using the theranos analyzers. That really got me worried. Not that soldiers' lives are more important, every patient is important. Why did she not realize that life & death was involved here?.
Great Documentary 👍
Yessssss new theranos/Elizabeth Holmes content
The board member selections and responsibilities are often out of integrity.
I never thought a documentary could be so praiseworthy. So well done.
"If" I were a venture capitalist I might have asked myself.. "Self? What credentials does this 19 year old drop out have to revolutionize the medical industry?" That question is what makes this story so interesting. Not that a 19 year old drop out could figure out how to conduct fraud and deep voice, but how big investors actually fell for it. I understand greed can blind people, but to this level is astonishing. Also embarrassing which is maybe why some big investors don't want to take it further?
How could it not be true, she was wearing a black turtleneck?
I never get sick of watching Holmes and Theranos disaster. Maybe I have something wrong too.😂
For me ,it’s thermos and Chris watts?!
13:45 You won't. It will continue to happen. Ted Talks are where I first saw her and it meant they lost all credibility for me as they obviously don't do background checks on their speakers. If there is money to be made, this will continue. It happened with Magic Leap also but that didn't put people in danger of death or long term health issues.
It was very obvious that somebody was going to pick up on Holmes' vision and make something like it, but by following a more realistic approach. Holmes never listened to her scientists or engineers. She could have made her machine, she was just going for too small of a device, using too little blood, and trying to run too many tests at once. Someone else will be victorious, because they'll actually approach it the right way and have the knowledge to pull it off. Probably with some of the same people who gained R&D intelligence from working for Theranos.
She may end up sitting in jail for overestimating her abilities and ignoring her experts and pretending everything was a-okay in a very hyped up way. When it was very clear that it wasn't. I actually have the slightest bit of compassion for her. Other people will make millions and billions, with an idea that was not really on the horizon, before she came along. I wonder if the fact that somebody is actually pulling it off, albeit much more intelligently, will work to her advantage in her defense. It will illustrate that her idea was not unobtainable. She just wasn't on the right track because she wasn't listening to the right people. But she had a good idea. Unfortunately, it takes so much more, than a good idea, to get to market. LOL.
Rich people getting scammed? How refreshing.
Self made is bullshite. Without her family's connections she wouldn't have had those massive investments or board members.
The board asked and they were lied to about the Edison machine
I think she guilty of not communicating they were failing. I think she’s guilty of caring on the facade too long.
I think we all know that companies get money before they have a made product.
You people do such a good job covering the world of finance. Great work!
She might get away with it ...really she was just talking her way into it and people were stupid enough to invest
Website. Vai colocar uma loja de apps. Em cidade Abreu Lima BB.
This WOMAN (E. Holmes) is to blame! Stop trying to deflect “who’s to blame”! Nine BILLION dollars for a hollow plastic box (The Edison)! Wow, she’s a true genius!
Great job 👏