I will give her credit for it being an incredible scam that harvested people's dreams about software: ie theranos just developed this thing in some obscure code that was 500% better than the nearest competitor
One of the things I found incredible when reading the book, if I remember right, her mentor at Stanford and basically everyone else in the lab testing space basically said there’s literally no way to do what she’s claiming to do the way she’s claiming to do it, and she still raised billions. The ineptitude of the due diligence for these family investment groups is astounding.
Fwiw, when people find solutions like this, they tend to look like https://en.m.wikipedia.org/wiki/Fast_inverse_square_root
So much of silicon valley VC investing is trying to beat the other guys to the equity. They assume it must be good if everyone else wants it.
It’s really not that interesting to see how the Silicon Valley sausage is made invest in a shut load of “companies” that lose money tell them to grow fast ask fuck aka spend $3 to make $1 IPO spend the IPO $ to now spend $4 to make $1 everyone cashes out Wow such ingenuity
My law firm would also be a lot bigger if someone gave me a shipload of money and their only directive was to increase revenue and not profitability
I mean I get that but a ton of her money wasn’t raised through VC it was raised through prominent “family offices”
It's too bad she only took $100 million from Betsy Devos and her family https://www.bbc.com/news/business-59071205
yeah, they are usually people who got everything without working. One poster here who is constantly talking about the virtue of the left comes to mind. i don’t always disagree with him but his shtick is hilarious when you know that he was wealthy at birth
Why does being born wealthy preclude someone from being empathic for the struggles and situations of those who weren't?
it doesn’t and I never said that it precluded him, I said that it is a bit funny when you have to ability to help but your only contribution is to post about it on a message board
have you heard about this woman that robbed a lot of people of their money with a not so well elaborated plan?
my English comes and goes. Sometimes it comes easy, sometimes it’s a grind and I have to explain myself multiple times. but bringing that up was a dipshit move, you are right about that.
Another good one was her telling George Shultz they were working to be able to detect pancreatic cancer 17 years before symptoms appear
I don’t know why WHO is capitalized, had to read the article to know it’s not the world health organization