WSJ reveals their 2 year story involving 26 yr old taking down a multi-billion dollar company

Discussion in 'The Mainboard' started by Shock Linwood, Nov 17, 2016.

  1. letan

    letan Just looking for the gator board
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    So let's say hypothetically you're Elizabeth Holmes and this kid ruined your company and everything that you've been working on for the past 13 years or so. You also have some pretty serious connections to people that have been in places of power. Would you just have this kid killed? I think I might go that route.
     
  2. CTownND

    CTownND Well-Known Member

    Wouldn't be obvious at all
     
  3. letan

    letan Just looking for the gator board
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    I still think there would be ways to get it done and even if you were the prime suspect to get away with it.
     
  4. pbfp2008

    pbfp2008 Angry Ol' Man
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    She could have donated couple of mil to the Clinton Foundation with the contingency that Hillary tell her how to have whistleblowers killed and not get caught...
     
  5. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
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    I experienced Theranos first hand, as I was the pharmacy manager at one of the first two live testing locations inside of a Walgreens. Lots of really strange people from that company. Sat in on a small meeting with that Sunny guy and Elizabeth Holmes' brother. I'm sure there were a lot of other higher ups in attendance, but I didn't know them and wasn't introduced to them. Holmes herself was supposed to be in on one of the meetings, but something allegedly came up and she couldn't make it. I'm not pretending to be somebody that was privy to much, but they had us involved with the execution piece. We were personally performing the blood tests for the initial launch, but the company shifted away from their "technology" and started exclusively using phlebotomists to perform normal blood draws. The initial launch was pretty wild, because Theranos was nervous that people would try to steal their technology, and people really did try at first.
     
  6. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
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    They also made us sign a bunch of non-disclosure agreements when they were first teaching the techniques.
     
  7. Bruce Wayne

    Bruce Wayne Billionaire Playboy
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    No, but it'd be a real shame if something were to happen to him, if you know what I mean
     
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  8. sem

    sem Jimmy Key? What is he, 45? I could hit him.
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    This is what happens when medical professionals try to talk investing.
     
  9. pperc15

    pperc15 Well-Known Member
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    Most healthcare VCs are MDs and PhDs though
     
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  10. 941Gator

    941Gator TMB's resident beach bum
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  11. sem

    sem Jimmy Key? What is he, 45? I could hit him.
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    That was the joke guys.
     
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  12. pperc15

    pperc15 Well-Known Member
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  13. Shock Linwood

    Shock Linwood Well-Known Member
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    She should've sold her shares earlier.
     
  14. pperc15

    pperc15 Well-Known Member
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    I'll bite. To whom? You can't sell preferred or common shares of a private company without triggering ROFR and Tag-Along previsions that would've made it nearly impossible. Also the discount on those shares would have been incredible (probably 75%+)
     
    #65 pperc15, Feb 17, 2017
    Last edited: Feb 17, 2017
  15. Shock Linwood

    Shock Linwood Well-Known Member
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    Many people wanted in on Theranos 2 years ago. Easy sell.
     
  16. pperc15

    pperc15 Well-Known Member
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    Name one.
     
  17. Big Meech

    Big Meech I like turtles
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    SHE LIKELY COULD NOT SELL HER STOCK AS IT WOULD HAVE BEEN RESTRICTED.

    Not sure why this is so difficult for you to understand.
     
    #68 Big Meech, Feb 17, 2017
    Last edited: Feb 17, 2017
  18. leroi

    leroi Rival Shark Boat Captain
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    Susan Wankelrod
     
  19. BuckeyeRiot

    BuckeyeRiot Team Nicki
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  20. PCH

    PCH 2017 & 2019 National Champions - Clemson Tigers
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    You quoted his post
     
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  21. pperc15

    pperc15 Well-Known Member
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    That wouldn't shock me...

    :awesomeface:
     
  22. JGator1

    JGator1 I'm the Michael Jordan of the industry
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    Bruno Iksil?
     
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  23. Bruce Wayne

    Bruce Wayne Billionaire Playboy
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    Wasn't Betsy DeVos invested in this scam company too?
     
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  24. Shock Linwood

    Shock Linwood Well-Known Member
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    Oh so you've seen the contract she signed?

    That's what I thought.
     
  25. pperc15

    pperc15 Well-Known Member
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    Those of us in VC, know what standard VC terms look like. DFJ, while foolish here, isn't that foolish.
     
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  26. pperc15

    pperc15 Well-Known Member
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    yes.
     
  27. Shock Linwood

    Shock Linwood Well-Known Member
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    I'm guessing you are not going to show me the contract that she signed and merely going to opine about how superior your knowledge is? That's cute.
     
  28. pperc15

    pperc15 Well-Known Member
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  29. Shock Linwood

    Shock Linwood Well-Known Member
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  30. Big Meech

    Big Meech I like turtles
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    I don't need to. Some of us know how these deals are structured.
     
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  31. Shock Linwood

    Shock Linwood Well-Known Member
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    Oh nice. The "divine knowledge" approach. Much better than the "I do this for a living" routine.
     
  32. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    I don't think you understand just how standard certain terms of VC investments are. There are always transferability restrictions on founders' stock and some mix of equity requirements, ROFRs, tag-along rights, and/or options (in lieu of stock).

    It's as standard as a bank taking a mortgage in connection with a home acquisition loan.
     
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  33. Shock Linwood

    Shock Linwood Well-Known Member
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    I've done plenty of VC deals on both sides of the coin. They are anything but standard.
     
  34. pperc15

    pperc15 Well-Known Member
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    Oh, which VC firm did you work for?

    You've done VC deals without stock restriction and tag long rights? That's pretty dumb of you.
     
  35. Corky Bucek

    Corky Bucek Cofounder of the TMB Saturn S-Series Club
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    Lache, Seastrunk, and Linwood
     
  36. Shock Linwood

    Shock Linwood Well-Known Member
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    Even I didn't sign non-disclosure agreements I wouldn't tell you rubes.
     
  37. pperc15

    pperc15 Well-Known Member
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    This guy is a practicing physician, day trader (of oil stocks, no less), entrepreneur who has raised money from institutional VCs, and a venture capitalist. Impressive!
     
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  38. pperc15

    pperc15 Well-Known Member
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    Non-disclosure agreement preventing saying where you worked? No VC firm could or would ask you to do that, because you have to establish a track record and be able to discuss with potential future LPs. Not to mention a large gap on your resume.
     
  39. Shock Linwood

    Shock Linwood Well-Known Member
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    You only get one life.

    It's best to live it.

    -Shock Linwood
     
  40. Shock Linwood

    Shock Linwood Well-Known Member
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    Resume???

    Lmbo

    People in my line of work have CV's. Telemarketers have resumes.
     
  41. pperc15

    pperc15 Well-Known Member
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    Academics have CVs. Doctors (which you might be, still unconvinced) have CVs. VCs and those in the business world have resumes.
     
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  42. Shock Linwood

    Shock Linwood Well-Known Member
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    Bottom of the barrel business types have resumes. The big dogs use CVs.
     
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  43. slogan119

    slogan119 Her?
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    Why do you need a CV if you're that successful? No need to present it to anyone if you're not looking for employment.

    But then again I'm a humble peasant with a resume.
     
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  44. Toast

    Toast Doowutchyalike
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  45. Arkadin

    Arkadin inefficiently efficent and unclearly clear
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    Good fuck them
     
  46. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
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    That steve jobs wannabe cunt
     
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  47. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
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    Oddly enough I was in the class action lawsuit against theranos and received a $66 check from them lmbo
     
  48. Prospector

    Prospector I am not a new member
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    wait, I thought you were a "doctor'???
     
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  49. Lyrtch

    Lyrtch My second favorite meat is hamburger
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