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
A lot of the investors in Theranos weren’t experts in healthcare / biomedical investing. There wasn’t a single major bio/medtech fund invested in Theranos. Most of its investors were high brow political figured like Kissinger, Mattis, Devos, etc. for example, Moritz from Sequoia actively questioned the hype investing in Theranos and really tried to distance the rest of the Sand Hill VC funds from it.
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