bad blood secrets and lies in a silicon valley startup

The world had no clue that Holmes’ words were empty promises and they looked at her through rose-tinted glasses as she continued to push the miniLab and forge partnerships with more companies. Holmes kept a lot of elements hidden, especially the research and development process of the prototype (called Edison and later renamed miniLab), and the level of secrecy was a major problem among those who were involved in the project. From engineers to lawyers and even a member of the board, Holmes brushed off questions and concerns by removing the people from the company and getting them to sign non-disclosure agreements upon departure. Obsessed may seem like a strong word to describe Holmes’ relationship with Theranos, but a few chapters into the book, one can’t help but wonder what her objective was when she ignored (and subsequently fired) expert personnel who questioned her goals as they were working on developing the prototype. The aim was to have this machine in everyone’s home. It seemed like a good idea, as there are many people around the world who share Holmes’ fear, but the challenges and shoddy business started when Holmes became obsessed with the size of the device, rather than focusing on its functionality and accuracy.

The device was the brainchild of the Holmes as a response to her fear of needles. The company (or rather, Holmes herself) heavily focused on developing a breakthrough health technology device capable of performing rapid blood tests with very small amounts of blood. The book takes readers back to the early 2000s, when Holmes dropped out of Stanford University to set up Theranos. Red flags within Theranos and related to its founder Elizabeth Holmes can be seen from the first page of the book, increasing in severity as a complex web of lies was woven within the span of a decade. It showcases how the secrets and lies at one such infamous set-up, Theranos, were covered up by empty promises and documentation that may have sounded legit and credible, but in actuality it was using prototypes that were not only unsafe but completely fabricated. This book is a timely and interesting read to help prepare businesses, venture capitalists and local and foreign investors for the innovation that is to come in the next decade or so, as it serves as a good case study of how Silicon Valley start-ups may not be what they seem.

With the advent of 5G and the promise of more frontier technological innovations, it is easy to get carried away by obscure tech jargon and promises of a better (and easier) future. Bad Blood: Secrets and Lies in a Silicon Valley Startup

Bad blood secrets and lies in a silicon valley startup