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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 Nov 14

    Sometimes I wonder how close Theranos actually was to making something legitimate if they had any level of moral scruples. It honestly seems like they weren't far off, just unrealistic and pushed to production in a space where you can't push to production when you're not ready.

    10:55 PM - 14 Nov 2018
    • 7 Retweets
    • 121 Likes
    • Kenton Kivestu Jesse Tinsley Justin Caldbeck Jonny (the dev) Reiss Alder Wiƒ€ Oƒƒ Då ©h∆in Prez Cannady Anirudh Narayan Bethsaida Romelus
    27 replies 7 retweets 121 likes
      1. New conversation
      2. Federico Vaggi‏ @F_Vaggi Nov 14
        Replying to @AustenAllred

        What gives you the impression they were remotely close? Reading Bad Blood, their prototypes were ludicrously simple, and, a few of the tests they wanted to do with a single drop were literally impossible due to sample variance

        1 reply 2 retweets 13 likes
      3. Austen Allred‏Verified account @AustenAllred Nov 14
        Replying to @F_Vaggi

        I mean what if you just... draw a little more blood?

        1 reply 1 retweet 2 likes
      4. Prez Cannady‏ @prezcannady Nov 14
        Replying to @AustenAllred @F_Vaggi

        Your typical finger prick yields about 0.1-0.2 ml; Theranos was up against venipuncture at 60 ml (4 Tbsp) a draw. Even closing an order of magnitude would mean bleeding it or shooting for 5-10 pricks, which I'd think would defeat Edison's primary selling point.

        1 reply 2 retweets 5 likes
      5. 1 more reply
      1. New conversation
      2. Bethsaida Romelus‏ @BethRomelus Nov 14
        Replying to @AustenAllred

        If you read Bad Blood, you would understand that they had many chances to develop the product they wanted to make. They could have learned from their competition and been better. My mother gets her blood sugar results with a prick. And they could've started doing that but didn't.

        2 replies 0 retweets 4 likes
      3. Austen Allred‏Verified account @AustenAllred Nov 14
        Replying to @BethRomelus

        Ya I've read it

        0 replies 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. Michael Wolfe‏ @michaelrwolfe Nov 15
        Replying to @AustenAllred

        What shocked me about “Bad Blood” was the fact that they were never even close to having usable technology. They didn’t even have a plausible thesis that could have hypothetically led to a working product.

        2 replies 0 retweets 8 likes
      3. Vivek Ponnaiyan‏ @viveksworld Nov 15
        Replying to @michaelrwolfe @AustenAllred

        Exactly. They essentially funded the first ideas they came upon, never validated for plausibility.

        1 reply 0 retweets 0 likes
      4. Austen Allred‏Verified account @AustenAllred Nov 15
        Replying to @viveksworld @michaelrwolfe

        The book made it seem like they just optimized for the wrong things but it would have worked. Talking with people that knew the company as a result of this tweet the broad consensus is “No they weren’t even within a million miles”

        1 reply 0 retweets 2 likes
      5. Michael Wolfe‏ @michaelrwolfe Nov 15
        Replying to @AustenAllred @viveksworld

        That’s not how I read the book.

        1 reply 0 retweets 1 like
      6. Vivek Ponnaiyan‏ @viveksworld Nov 15
        Replying to @michaelrwolfe @AustenAllred

        I feel the same way as @michaelrwolfe . I don’t remember a point in the book where she prioritized the product over her control of the company.

        1 reply 0 retweets 0 likes
      7. Michael Wolfe‏ @michaelrwolfe Nov 15
        Replying to @viveksworld @AustenAllred

        One of my favorite moments was when some employees finally got a look inside of “the box” and found that it looked like a junior high school science project.

        1 reply 0 retweets 3 likes
      8. Vivek Ponnaiyan‏ @viveksworld Nov 17
        Replying to @michaelrwolfe @AustenAllred

        Vivek Ponnaiyan Retweeted Forbes Health

        This is an example of a project where it was a great idea and they probably tried everything and couldn’t make it work ...https://twitter.com/forbeshealth/status/1063540460919160832?s=21 …

        Vivek Ponnaiyan added,

        Forbes HealthVerified account @forbeshealth
        Alphabet's Verily and Novartis eye-care subsidiary Alcon are pulling the plug on the glucose monitoring "smart lens" device the two companies had been attempting to build since 2014 https://www.forbes.com/sites/michelatindera/2018/11/16/its-lights-out-for-novartis-and-verilys-glucose-monitoring-smart-lens-project … by @mtindera07 pic.twitter.com/0sySdodU2w
        0 replies 0 retweets 0 likes
      9. End of conversation
      1. Jason SaaStrAnnual.com Lemkin  🦄‏ @jasonlk Nov 15
        Replying to @AustenAllred

        I wanted to believe, too

        0 replies 0 retweets 7 likes
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      1. Kenton Kivestu‏ @kivestu Nov 14
        Replying to @AustenAllred

        What evidence is there for "they weren't far off"?

        0 replies 0 retweets 5 likes
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      1. Doodle (Q _ Q)‏ @DohoGg Nov 14
        Replying to @AustenAllred @prezcannady

        'If you wish to make an apple pie from scratch, you must first invent the universe.' -- Carl Sagan

        0 replies 0 retweets 3 likes
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      1. Nikola Leger‏ @nikleger Nov 15
        Replying to @AustenAllred

        Absolutely. Could not agree more. :) Same is sadly true for much of martech. Start with decent product, get funded, focus on aggressive growth at all cost, invest too much in sales & marketing vs engineering & client success, struggle with lack of management experience...

        0 replies 0 retweets 2 likes
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      1. Ben Cox‏ @BenCox_AI Nov 14
        Replying to @AustenAllred

        Not that there isn’t an argument here but Elon called and said go to bed.

        0 replies 0 retweets 2 likes
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      1. Ninan Thampy‏ @ninan99 Nov 14
        Replying to @AustenAllred

        - I highly doubt it.

        0 replies 0 retweets 2 likes
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      1. Trent Bigelow‏ @trentbigelow Nov 15
        Replying to @AustenAllred

        Anyone know who is the new owner of their IP assets and trade secrets? Would be incredible if it ended up in the commons.

        0 replies 0 retweets 1 like
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