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
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I mean what if you just... draw a little more blood?
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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.
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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.
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Ya I've read it
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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.
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Exactly. They essentially funded the first ideas they came upon, never validated for plausibility.
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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”
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That’s not how I read the book.
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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. -
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.
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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 …
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I wanted to believe, too
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What evidence is there for "they weren't far off"?
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'If you wish to make an apple pie from scratch, you must first invent the universe.' -- Carl Sagan
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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...
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Not that there isn’t an argument here but Elon called and said go to bed.
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- I highly doubt it.
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Anyone know who is the new owner of their IP assets and trade secrets? Would be incredible if it ended up in the commons.
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