Mm, I am a pretty big fan of capitalism and innovation... but I still think that when we encounter cases of fraud (especially fraud that went undetected for years), we should update at least a little towards "the system doesn't work as well as we thought"
-
If a group of people know something is too bad to invest in themselves, but don't say anything and indeed defend the fraudster in public, that says something bad about them.
Agree, though their hands were somewhat tied. AFAICT, it’s not that Theranos looked “bad,” it just provided patchy evidence about its goings-on to potential $. You’re simply not going to knock a media savvy female founder who’s come to “shake up the old boys’ club” over that
-
-
I think the fundamental problem with Elizabeth Holmes was that she was a story SV *wanted to tell.* “Attractive young woman drops out of Stanford, takes over world with consumer product that disrupts dusty industry subject to severe cost disease” is a really really good story
-
They wanted a female Steve Jobs and so they got one. As I say, if you're offering big bucks for a platypus, sooner or later someone's going to glue a bill onto a weasel.
- 16 more replies
New conversation -
-
-
"media savvy female founder" was the key to a lot of it - this was an affinity fraud, but the affinity was with an imagined Silicon Valley community rather than a real one.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.