My reading has been slowing down during the nice Fall weather, we’ve been outside more and getting the garden ready for Winter. So, just one book this time.
Bad Blood by John Carreyrou – non-fiction. 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.
The book tells the story of the rise and shocking collapse of Theranos, the multibillion-dollar biotech startup, by the prize-winning journalist who first broke the story and pursued it to the end, despite pressure from its charismatic CEO and aggressive threats by her lawyers.
In Bad Blood, John Carreyrou tells the riveting story of the biggest corporate fraud since Enron, a tale of ambition and hubris set amid the bold promises of Silicon Valley. I enjoyed this a lot, and so did Barbara. Incredible they could have gotten away with this for so long. A nod to George Kelley whose review of this brought it to my attention.
So how about you?
What have you been reading?