How to Lose Nine Billion

Given Theranos’ board, it isn’t difficult to determine that securing contracts with the DoD has been a part of their business plan for some time. It’s also not hard to see why military contracts are such a plum prize for a medical technology company with questionable products.

by James Corbett
The International Forecaster

Monty Python had a classic sketch entitled “How To Do It” where they made fun of trite “How To” programs. In addition to playing the flute, splitting an atom, constructing a box girder bridge and irrigating the Sahara desert, this episode teaches you how to rid the world of all known diseases!

So how do you do it? “Well, first of all become a doctor and discover a marvelous cure for something, and then, when the medical world really starts to take notice of you, you can jolly well tell them what to do and make sure they get everything right so there’ll never be diseases any more.”

[…] You might think this is a joke. But it seems one enterprising young college dropout used it as inspriation for founding her $9 billion company.

You’ve probably heard the story of Elizabeth Holmes and Theranos by now: The 19 year old Stanford dropout founded Theranos in 2003 with the hopes of revolutionizing the lab testing industry. No more large samples of blood drawn by needles from veins in the arm in order to do blood work. Now all you need is a finger prick device and the company’s patented “Edison machine” which (they boast) can perform up to 200 different tests from just a few drops of blood.

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