Guilty! If you want to understand the epic rise & fall of Elizabeth Holmes of Theranos, read 's Bad Blood.
And if you only have 90 minutes, check out our pod with the author on what he went through to reveal the Silicon Valley fraud.
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The descriptions of Holmes' enablers are chilling: Most notable was the behavior of famed super lawyer David Boies.
The book explains how his law firm received millions in Theranos stock + led to aggressive and questionable counsel.
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No one came out of this with their reputations intact, except , a 2X Pulitzer Prize who revealed the full extent of the Theranos fraud in the WSJ
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Dunning Kruger, lawyer edition:
Daniel Mosley, T&E attorney for Cravath, Swaine & Moore, led firm's wealthiest families to become Theranos’s largest investors: Walton, DeVos, Cox, Dracopoulos.
More than $380 million went into Theranos from CS&M group, incl Mosley’s own $6m.
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When I first read Bad Blood, I was struck by how many red flags there were, including so many unqualified employees at the start-up. These were ignored by its see + VC investors.
Many, many lessons to be learned here
ritholtz.com/2018/05/bad-bl
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The detail goes into about David Boies is amazing.
His involvement with Theranos damaged his reputation -- he was once America's greatest litigator but the book makes him look like just another ethically compromised lawyer.
And that's before Harvey Weinstein...
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Another Podcast on Theranos
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