The lessons for investors from the trial of Theranos founder Elizabeth Holmes

the lessons for investors from the trial of theranos founder elizabeth holmes

Sumary of The lessons for investors from the trial of Theranos founder Elizabeth Holmes:

  • As Elizabeth Holmes, founder and former CEO of Theranos, goes on trial on allegations of defrauding investors and patients, her health-care start-up may be a prime example.
  • Nearly a decade ago, investors, including media mogul Rupert Murdoch, former Education Secretary Betsy DeVos and the Walton family of Walmart fame, put more than $700 million into the company.
  • Prosecutors allege investors were swayed by misrepresentations of Theranos’ blood-testing technology.
  • “Innovators who seek to revolutionize and disrupt an industry must tell investors the truth about what their technology can do today, not just what they hope it might do someday.
  • ” How to spot a problem”It’s important that we don’t assume that every company is like a Theranos, we just need to ask the right questions,” said Ruby Gadelrab, founder and CEO of MDisrupt, a medical diligence company for the health-tech industry, which aims to avoid making similar mistakes in the future.
  • “To help investors vet health-technology companies, Gadelrab suggests first establishing if the product is clinically and commercially viable.
  • “Investors do technical and financial diligence using experts, in health care we need to do medical diligence using health-care experts.

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