California Management Review
California Management Review is a premier academic management journal published at UC Berkeley
by Ernesto Dal Bó and Guo Xu
Stanford University drop-out Elizabeth Holmes hoped to disrupt the traditional $75 billion blood-testing business with only one drop from a finger prick instead of several vials of blood. The revolutionary claim of Theranos’ founder was that her groundbreaking technology enabled a full range of laboratory tests from a tiny sample. The Silicon Valley company, founded in 2003, assembled a powerful board and high-profile investors, becoming a media darling valued at $9 billion. By 2018, federal prosecutors filed criminal charges alleging Holmes had defrauded investors and misled doctors and patients. The health technology company crashed from unicorn status leaving questions about what factors silenced doubters and enticed high-profile investors.
Pub Date: February 1, 2021
Discipline: Ethics
Subjects: Innovation, Health Care, Ethics, Technology
Product #: B5968-PDF-ENG
Industry: Technology, Health Care
Geography: Silicon Valley
Length: 6 page(s)
