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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Jun 9

    The new book on Theranos is wild. I get the sense that Holmes actually believed what she was saying, she just thought lying constantly would buy her enough time to get there. Personally I’ve found that being brutally honest with your board is generally the best approach.

    10:06 PM - 9 Jun 2018
    • 3 Retweets
    • 63 Likes
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    9 replies 3 retweets 63 likes
      1. New conversation
      2. Austen Allred‏Verified account @AustenAllred Jun 9

        That’s probably only true if you have a solid board, but your board gains respect when you say, “here are the concerns, and here’s how we’re solving them” much more than sweeping stuff under the rug and saying “everything is great.”

        2 replies 0 retweets 12 likes
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      3. Austen Allred‏Verified account @AustenAllred Jun 9

        To be fair she had Larry Ellison as a mentor, and frankly selling vaporware to fund building out the true product worked for him. I just could never work that way.

        6 replies 0 retweets 49 likes
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      4. End of conversation
      1. New conversation
      2. Derek‏ @PereGrimmer Jun 9
        Replying to @AustenAllred

        My guess is she is just a psychotic type, used to lying as an instrument of first resort. Thus morals (in the normal way) can't be taught to her. But as to actual belief, please. If so, then why the NDAs? Threats? Spying?

        1 reply 0 retweets 1 like
      3. Austen Allred‏Verified account @AustenAllred Jun 9
        Replying to @PereGrimmer

        She knew she wasn’t there, and thought she could lie for now and that would help her get there

        1 reply 0 retweets 2 likes
      4. Derek‏ @PereGrimmer Jun 9
        Replying to @AustenAllred

        Eh, she lied about material present facts, willfully conspired, lied to perhaps hundreds of ppl while looking them right in the eye -- i see the basis for cutting her any slack would be saying she has a delusional disorder. But she doesn't!

        1 reply 0 retweets 1 like
      5. Gil Ant‏ @Gil_Ant Jun 10
        Replying to @PereGrimmer @AustenAllred

        I'm half way in & can't really have a sense of her psyche cause the author doesn't get into it, at least not yet, but agree with the above, it was over many years, knowing that what was being promised was not close to being real. The story is insane, but the book, although in

        1 reply 0 retweets 1 like
      6. Gil Ant‏ @Gil_Ant Jun 10
        Replying to @Gil_Ant @PereGrimmer @AustenAllred

        the vignette style of specific events intertwined with story narration, like Conspiracy of Fools, Too Big to Fail & others, is not as detailed, possibly because there's only second hand accounts to rely on, with no court or internal documents available yet.

        0 replies 0 retweets 1 like
      7. End of conversation
      1. New conversation
      2. QuantumQuench‏ @Quantum_Quench Jun 9
        Replying to @AustenAllred

        Maybe. Hard to tell at this point. But at the very least, she would have been completely delusional then! She wasn't even an engineer, how could she think she was smarter than 10's of thousands of brilliant PhD's when it came to biology & medical science? Talk about hubris then!

        1 reply 0 retweets 1 like
      3. Bethsaida Romelus‏ @BethRomelus Jun 9
        Replying to @Quantum_Quench @AustenAllred

        It's crazy how so many well educated and experienced investors and politicians ignored this fact because they believed that this would be the next unicorn.

        1 reply 0 retweets 1 like
      4. QuantumQuench‏ @Quantum_Quench Jun 9
        Replying to @BethRomelus @AustenAllred

        Are you saying they may have been a little greedy, then? 🤣

        0 replies 0 retweets 0 likes
      5. End of conversation
      1. Dillon Forrest‏ @dillonforrest Jun 9
        Replying to @AustenAllred

        not every operator has the self-awareness to be brutally honest with the board or the guts to accept accountability from the board ☹️

        0 replies 0 retweets 1 like
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      1. Bethsaida Romelus‏ @BethRomelus Jun 9
        Replying to @AustenAllred

        I can't wait to read it! I've been following the story ever since it broke. So many red flags! I think the book about Zappos Founder trying to make his Utopia in Vegas will be a great read too.

        0 replies 0 retweets 1 like
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      1. Simon Manning‏ @_Simon_K Jun 10
        Replying to @AustenAllred

        Perhapse she had the reality distortion field, the sales ability, she just didn't have the technical genius side kick that can get it done but couldn't sell drinks in Timbuktu.

        0 replies 0 retweets 0 likes
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      1. DavidG‏ @DavidGNI Jun 10
        Replying to @AustenAllred

        Tim Draper's continuing defence of @eholmes2003 is interesting. At first I thought he had just lost his mind. Now I'm thinking he thinks it is better to look a bit loony tunes than admit to being an utterly incompetent and negligent investor.

        0 replies 0 retweets 0 likes
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      1. QuantumQuench‏ @Quantum_Quench Jun 9
        Replying to @AustenAllred

        We have found that not having investors (that expect anything within 5-10 years) is the best approach.

        0 replies 0 retweets 0 likes
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      1. Djames‏ @Jamesthesnake Jun 9
        Replying to @AustenAllred

        I think she never realized that scientific progress has a linear rate of improvement , while software is exponential

        0 replies 0 retweets 0 likes
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