I just watched a documentary on Elizabeth Holmes and Theranos. It’s amazing how Elizabeth Holmes managed to convince so many savvy investors to buy into her business plan.
On one hand, while I wish I could sell ice to an Eskimo just like her, perhaps she took her abilities too far.
Also, I wonder if the investors had done enough due diligence on the business, and whether the directors who sat in the board were actually doing something.
Elizabeth Holmes takes the blame for the mess, but I think other stakeholders should have kept their eyes open during the whole process too.
The documentary also raised the point about Elizabeth Holmes’s dropping out of Stanford at the cost of the the acquisition of sufficient medical knowledge and how this could not be compared with Mark Zuckerberg or Bill Gates dropping out of college as the approach to learning information technology was different from that of medicine.