how Theranos could fool so many investors for so long?

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Someone with a PhD in microbiology explained to me (a layman) why what Theranos was claiming to do was impossible. She said you cannot test only a single drop of blood for certain things because what you are looking for literally may not be there. You need a full vial of blood to have a reliable chance of finding many things.

1. Is this simple but clear explanation basically correct?

2. If so, how could Theranos hoodwink investors for so long when possibly *millions* of well-educated people around the world knew that what they were claiming to do made no sense?

In: Biology

22 Answers

Anonymous 0 Comments

I have a follow up question : what was her endgame? Grab the money and run? With her profile and all the attention, it seems highly unlikely. Regrerfully report after many hears of research that it doesn’t work? Again, with the media attention, I don’t think it was feasible. Or did she envision it as a scam with a much smaller scale, and it spinned out of control? Then why go after ultra high profile investors? Or did she at one point drank her own cool aid and honestly started to think it would somehow work out? She seemed highly intelligent, so this is also unlikely.

What was her aim in the long run? What was the “???” step before “profit! “?

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