Elizabeth Holmes wrote her first patent application after her freshman year of college at Stanford University. Her invention was an arm patch that would diagnose and treat medical conditions at the same time.1 The patch was an attempt to pursue her dream of putting her mark on the world by furthering the greater good.2 Holmes…
Tag: Theranos
Implications for “Unicorn” Startups of the SEC’s Investigation of Theranos
Elizabeth Holmes aimed to revolutionize the blood test industry and was once regarded as a wunderkind that would become the Steve Jobs of the biotech industry. The company she founded, Theranos, was seen as one of the “unicorn” startups in Silicon Valley, a term given to startups that are privately-held and valued at $1 billion or more.1 Unfortunately,…