Bad Blood {Download Read} ✓ John Carreyrou – eBook and Kindle eBook

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Ld make blood tests significantly faster and easier Backed by investors such as Larry Ellison and Tim Draper Theranos sold shares in a fundraising round that valued the company at 9 billion putting Holmes's worth at an estimated 47 billion There was just one problem The technology didn't workFor years Holmes had been misleading investors FDA officials and her own employees When Carreyrou working at The Wall Street Journal got a tip from a former Theranos emp. Tips on how to make an unicorn Be a sociopath Excel at salesmarketing Get some cool people on your BoardTips to how to fake it till you make it Hire a lot of lawyers Intimidate all your employees Pretend that you are a vocal proponent of a cause that you are actually againstHow to make it as a woman in the tech world Baritone Intese staringWhat can fuck up your amazing future as a tech billionaire Facts and data I love any story that shows how salesmarketing can change the world This one is awesome Scary but awesome

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Bad Blood

Loyee and started asking uestions both Carreyrou and the Journal were threatened with lawsuits Undaunted the newspaper ran the first of dozens of Theranos articles in late 2015 By early 2017 the company's value was zero and Holmes faced potential legal action from the government and her investors Here is the riveting story of the biggest corporate fraud since Enron a disturbing cautionary tale set amid the bold promises and gold rush frenzy of Silicon Valley. The True Cost of IdealismI have been guilty of the grave fault of idealism in much of my professional life Conseuently I cringe when I read of the young Elizabeth Holmes and her idealistic trajectory from the thrilling emotionally laden launch of Theranos which promised a breakthrough in medical technology to its ignominious destruction as a fraudulent scam In her I see myself not in her level of talent or her self confidence but in her profound self delusion It is this self delusion which seems the universal cost of idealism a cost which is borne not just by the promoter of an ideal but by the rest of the world as well in her case about a billion dollars in round figuresIdealism sells What it primarily sells is itself its promise its enthusiasm its own inherent goodness Modern serial idealists in places like Silicon Valley are idealists about idealism It is their idealistic energy and talent for putting together pieces in a technologicalconceptualcommercial puzzle that gets them what they need ideas contacts talented colleagues reputation and money The code phrase of the idealist is Making a Difference So Holmes wanted to truly leave her mark on the world she would need to accomplish something that furthered the greater good not just become rich But most of all their energy and enthusiasm gets them power the power to promote their own idealistic self image Idealism is always couched in terms of abstract altruism that is improving the human condition But no matter what the area in which a particular ideal is to be pursued business politics medicine academia the idealist imperative his or her sine ua non is the acuisition and maintenance of power for themselves Power is a logical and practical prereuisite for the realisation of any ideal Idealists therefore want to enrol the rest of us in their ideal This is their route to power Their role model is not that of Albert Schweitzer or Mother Teresa and the selfless doing of good but that of Pericles and the talking of doing good usually about what others are reuired to do to prove their goodnessThe world of the idealist is constrained and defined by power regardless of the merits of the ideal put forth as its rationale Power is the elephant in the room that no one talks about but that must be constantly fed Eventually there is room for nothing else The ideal one has started with becomes a nostalgic memory restored to mind only at the behest of power to increase itself This is the essential paradox 0f idealism it will always end in tearsThe articulate and forceful idealists are in presenting their ideal the power they accumulate The idealist is a visionary a prophet who deserves power because of the strength of their vision and prophetic acumen Holmes made it clear to her employees that she was starting a religion It is faith which justifies for the idealist as for any believer those actions necessary to acuire power Chief among such actions is lying Chronic mendacity is not incidental or exceptional for the idealist It is a necessary virtue of techniue and substance Lying is expected because all communication is negotiation is it not This is the common thread among idealists of diverse backgrounds views and personalities Donald Trump is an entrepreneurial idealist Benedict XVI is a religious idealist Mark Zuckerberg and Elon Musk are high tech idealists as indeed is Elizabeth Holmes However else they differ they share this distinctive trait they lie instinctively and routinely and without remorse indeed I suspect without consciousness of lying at all Although idealists have to be enthusiastic salesmen they are not mere evangelists who tout the advantages of their ideal while staying silent about its possible defects or adverse conseuences Idealists are true believers Unlike typical salesmen they do not present half truths distortions overstatement and tendentious arguments knowing them to be such They believe firmly in everything they say They are compelling even for hard bitten venture capitalists The guy Holmes recruited to do the engineering was mesmerised by her take of difference making Edmond who went by Ed felt himself drawn in by the young woman sitting across from him who was staring at him intently without blinking The mission she was describing was admirable he thought The ideal consumes idealists including their awareness of reality In their own minds they do not lie they convince themselves as much as others in order to further the ideal Lies are aspirational statements not false claims Their repetition is constructive truth an embodiment of hope and a demonstration of that very Christian virtue of faith So from the start of Theranos Holmes was faking the results of her diagnostic devices through high tech trickery believing much like Bernie Madoff another idealist that the breakthrough was at hand She was selling nanobot snake oil to West Coast money men at the same time as Goldman Sachs an exceptionally idealistic firm just ask them was pushing its sub prime portfolios into German pension funds Same product efficiency just different labels one procedural the other financialIn short idealism is not merely a neurosis it is a sociopathology Idealists don t simply have ideals they seek to impose them on the rest of us at a profit Idealism is an infection spread from mouth to ear to mouth As both a philosophy and a practical ethic it is the secular residue of the Christian idea of faith It may not move mountains directly but it certainly can generate the cash to develop the machines which can And idealism justifies anything for those who have it it makes the idealist immune from self criticism and indifferent to the conseuences of his actions Idealism certainly gets things done in a world which expects and respects it But what it gets done is rarely discussedIn business the conseuence is constant low level deceit punctuated by not infreuent criminal fraud in politics the conseuence is extremism and ultimately terrorism in religion fundamentalism and doctrinally justified inhumanity Idealism like its progenitor of faith is something we culturally value The central uestion that Bad Blood raises is not legal or organisational nor is it essentially about the moral code of Silicon Valley It is about whether this legacy of what we glibly call Christian civilisation is a salvific virtue or a destructive vicePostscript It is also clear that idealists have no shame

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The full inside story of the breathtaking rise and shocking collapse of a multibillion dollar startup by the prize winning journalist who first broke the story and pursued it to the end in the face of pressure and threats from the CEO and her lawyersIn 2014 Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs a brilliant Stanford dropout whose startup unicorn promised to revolutionize the medical industry with a machine that wou. Fascinating accounting of the Theranos scam and I do mean SCAM Exhaustively reported I do wish there had been analysis of how a scam of this magnitude was made possible and enabled This girl dropped out of college and convinced Henry Kissinger George Schulz Rupert Murdoch and a bunch of other famous andor incredibly talented people to give her money or work with her even though there was no there there WHAT There are so many incredible WTF moments Just wow Privilege is a hell of a drug I guess


10 thoughts on “Bad Blood

  1. says:

    I don’t read a lot of page turners I often find myself unable to put a book down—but they’re not the kinds of books that would keep most people glued to their chairs Still I recently found myself reading a book so compelling that I couldn’t turn away Bad Blood Secrets and Lies in a Silicon Valley Startup by John Carreyrou details the rise and fall of Theranos If you aren’t familiar with the Theranos story here’s the

  2. says:

    Fascinating accounting of the Theranos scam and I do mean SCAM Exhaustively reported I do wish there had been analysis of how a scam of this magnitude was made possible and enabled This girl dropped out of college and convinced Henry Kissinger George Schulz Rupert Murdoch and a bunch of other famous andor incredibly talented people to give her money or work with her even though there was no there there WHAT? There are so many incredible WTF

  3. says:

    The resignations infuriated Elizabeth and Sunny The following day they summoned the staff for an all hands meeting in the cafeteria Copies of Th

  4. says:

    Last night when I finished this I just wanted to write a review that was haha repeated like four hundred times I've gotten

  5. says:

    Tips on how to make an unicorn Be a sociopath Excel at salesmarketing Get some cool people on your BoardTips to how to fake it till you make it? Hire a lot of lawyers Intimidate all your employees Pretend that you are a vocal proponent of a cause that you are actually againstHow to make it as a woman in the tech world? Baritone Intese staringWhat can fuck up your amazing future as a tech billionaire? Facts and data I love any s

  6. says:

    Bad Blood Secrets and Lies in a Silicon Valley Startup by John Carreyrou is a 2018 Knopf Publishing Group publication ‘Super high turnover rate means you’re never bored at work Also good if you’re an introvert because each shift is short staffed Especially if you’re swing or graveyard You essentially don’t exist to the companyWhy be bothered with lab coats and safety goggles? You don’t need to use PPE at al

  7. says:

    This was fucking BANANAS

  8. says:

    Early in my career I worked at a next generation seuencing startup with Theranos level ambitions In fact it went further The founders’ mission was to cure aging Literally the goal was immortalityThere were other similarities The company was founded by wunderkinds they won the attention and support of a prominent professor in the field they dropped out and raised millions of dollars from non hard tech investors off the back of a

  9. says:

    The True Cost of IdealismI have been guilty of the grave fault of idealism in much of my professional life Conseuently I cringe when I read of the young Elizabeth Holmes and her idealistic trajectory from the thrilling emotionally laden launch of Theranos which promised a breakthrough in medical technology to its ignomini

  10. says:

    Lessons learned1 Elizabeth Holmes speaks in an unusually deep voice2 What matters is who you know If you look good and have the right connections you can get millions of dollars for your imaginary device particularly if you model it on the iPhone and dress like Steve Jobs3 Even very rich people can be stupid with money4 Sometimes the people

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