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s_r_constantin's profile
Sarah Constantin
Sarah Constantin
Sarah Constantin
@s_r_constantin

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Sarah Constantin

@s_r_constantin

Math/ML/data-science person now working on solving aging...and helping with COVID19?! Founder, LRI and Daphnia Labs. Married to @oscredwin

Be
srconstantin.posthaven.com
Joined February 2019

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    1. Sarah Constantin‏ @s_r_constantin 2 Oct 2019
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      I’m not saying we should all pile on her in particular; I’m sure it’s not fun to be her right now and I’m sure there are lots of other founders that have done worse and not gotten caught. (One of the perils of being female in the public eye: your scandals are extra scandalous.)

      1 reply 0 retweets 8 likes
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    2. Sarah Constantin‏ @s_r_constantin 2 Oct 2019
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      In general: there’s more to business success than just revenue & user numbers. You can boost those artificially by shady tactics, in the short run. If the apparent growth is totally out of whack with what you know of the userbase and their needs, something is fishy.

      1 reply 0 retweets 7 likes
      Show this thread
    3. Sarah Constantin‏ @s_r_constantin 2 Oct 2019
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      “Ah yes, health insurers, well known for their willingness to pay for experimental and elective treatments” — wait, no, scratch that, reverse it!

      2 replies 1 retweet 8 likes
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    4. Sarah Constantin‏ @s_r_constantin 2 Oct 2019
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      I see the impulse to go “ok, I can’t see how this helps those customers, it makes no sense, but they’re buying, so the company must be doing something right.” But there’s always another possibility: that it’s fraud.

      1 reply 0 retweets 5 likes
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    5. Sarah Constantin‏ @s_r_constantin 2 Oct 2019
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      The natural comparison to uBiome is Theranos, because that’s another female-founded health-tech fraud. But the types of fraud are actually very different.

      1 reply 0 retweets 1 like
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    6. Sarah Constantin‏ @s_r_constantin 2 Oct 2019
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      Theranos’s tech would have been unquestionably valuable (to patients, drugstores, insurers, etc) had it worked. And something like it probably could have worked. It just didn’t. Elizabeth Holmes lied to everyone about the tech, and went to extreme lengths to avoid discovery.

      2 replies 0 retweets 4 likes
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    7. Sarah Constantin‏ @s_r_constantin 2 Oct 2019
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      That means that, to avoid being fooled by a Theranos, you’d have to do a bunch of due diligence. Tracking down the extent of the deception was hard.

      3 replies 0 retweets 2 likes
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    8. Sarah Constantin‏ @s_r_constantin 2 Oct 2019
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      uBiome was a different kind of fraud: long before you had any evidence of a specific scam, you should have been able to tell that *the product just isn’t useful enough to enough people* to justify the valuation unless something shady is going on.

      1 reply 0 retweets 6 likes
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    9. Sarah Constantin‏ @s_r_constantin 2 Oct 2019
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      Perhaps the investors *did* know and were trying to find a greater fool? Or perhaps they just thought “she’s a great salesman, she’ll figure it out” and didn’t realize that one way to “figure it out” is to cheat?

      2 replies 0 retweets 2 likes
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    10. ЬᏂ​au​ϮᏂ‏ @peroxycarbonate 2 Oct 2019
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      Replying to @s_r_constantin

      You can make a lot of money selling useless products. People buy magnetic bracelets and power crystals, and I could give plenty of bigger but more controversial examples I consider comparable.

      1 reply 0 retweets 0 likes
      Sarah Constantin‏ @s_r_constantin 2 Oct 2019
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      Replying to @peroxycarbonate

      Yes, and that’s shady in its own way, but at least you can point to evidence that people *like* the crystals! There is an actual community of crystal-lovers large enough to justify the sales numbers of the crystal-sellers!

      8:03 AM - 2 Oct 2019
      • 1 Like
      • ЬᏂ​au​ϮᏂ
      1 reply 0 retweets 1 like
        1. New conversation
        2. ЬᏂ​au​ϮᏂ‏ @peroxycarbonate 2 Oct 2019
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          Replying to @s_r_constantin

          How about unnecessary/harmful joint replacement surgeries? Actually, a better example would be unnecessary mammograms, and other such tests.

          1 reply 0 retweets 1 like
        3. Sarah Constantin‏ @s_r_constantin 2 Oct 2019
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          Replying to @peroxycarbonate

          insurers do eventually stop paying for those when the evidence is overwhelming. The medical system learns slowly.

          0 replies 0 retweets 1 like
        4. End of conversation

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