Bad Blood: Secrets and Lies in a Silicon Valley Startup
My favourite read of 2018. Bad Blood is a gripping account of how unchecked the quest for power and success can lead one down a path of deceit and manipulation. One of the best books I have read this year – a fast paced and engaging read throughout.
The full inside story of the breath-taking rise and shocking collapse of Theranos, the multibillion-dollar biotech start-up, by the prize-winning journalist who first broke the story and pursued it to the end, despite pressure from its charismatic CEO and threats by her lawyers.
In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup “unicorn” promised to revolutionize the medical industry with a machine that would make blood testing significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at more than $9 billion, putting Holmes’s worth at an estimated $4.7 billion. There was just one problem: The technology didn’t work.
A riveting story of the biggest corporate fraud since Enron, a tale of ambition and hubris set amid the bold promises of Silicon Valley.