Actually I think when she pitched the idea to actual medical professionals they though the idea was ******ed.

She had a good story

Years before scandal broke I was at a gathering of VCs and one was poking fun at another for passing on theranos in the early stages and he answered

"well it seems we were wrong about that one but we're still never going to invest in anything in the medical field if the VCs who specialize in that area won't touch it."

More than anything, it was the guys they got to join their board that gave them the credibility to pull one over on those who didn't understand the science but believed the story and the team behind it

How many startups have Henry Kissinger on as an advisor?

NHTSA May Recall Every Tesla Ever Made Over Sudden Unintended Acceleration Complaint

https://cleantechnica.com/2020/01/18...ion-complaint/

Not the best source, but if anything usually prone to positive bias about Tesla.

RE: Theranos, I meant it is a good product idea (assuming it works). No opinion on the technical merit. Clearly failed to deliver and lied a bunch.

Well the problem with theranos is had they been able to make the tech work after the fact they'd be lauded add visionaries who faked it until they made it

That's what sucks about it, that silicon valley is so results oriented that they happily ignore fraud when it ultimately works out. They are only anti fraud when it fails

Sounds like they are pro money

Bill Perkins called the top, pretty sick how good he is at this stuff.

Bad analogy. You can't compare theranos to Wework etc. Lives were on the line using their tech. They were literally killing people.

Like if Steve Jobs fudged on Apple's tech regarding Ipod for a year or too. So what? MP3's don't sound as good as he claims. Theranos's tech doesn't work and grandma eats it from her faulty cancer diagnosis.

Only if he covered in the past few days.

there's, like, no way perkins isn't/wasn't a fish on a heater

Why?

stuff ive been told by people who trade commodities. almost everything non finance related he says on twitter. his poker game.

Any sufficiently superior trading mind is indistinguishable from a fish on a heater.

By that reasoning, I hereby declare that Warren Buffett is a fish on a heater.

I wonder if Buffett would have beaten the index if he hadn't had an insurance float to give him many multiples of his actual capital in zero-cost leverage (with his insured customers taking on the risk of tail events that he should have been insuring them for). Perhaps he had one good idea and no other skills.

Is Einhorn still short Tesla by the way? With the little capital they still let him manage of course, but still.

Stonks only gap up

So MY deliveries are imminent, starting with performance trims. Adds a ton of revenue to a seasonally weak quarter.

And when Elon and the crab people unload their shares the scam will be complete. They can finally fire the whole CGI team and take the profits. GF3 can go back to be a muddy field and they won't have to pretend they're building yet another GF in Berlin area.

Beginning to see why you have your reputation.

All you did here expose you fundamentally don't understand a single thing about theranos.

Please stop taking such strong viewpoints on stuff you don't even understand it just derails the thread.

You cannot be serious

Which part? The Musk family was so filthy rich off African labor in their mines, a teenage Musk walked around with big emeralds in his pockets in New York to sell to Tiffanys.

I mean I appreciate a good rags-to-riches story as much as the next guy, but Musk's is bullshit. You think this master liar and manipulator's hagiography is going to read "My dad bankrolled my and my brother's early ventures with the vast amounts of family money we got from exploiting African labor in emerald mines. I sucked ass as a programmer and a manager (being fired from both as competent investors came in), but daddy saved the day". No. It's going to say he moved to North America with nothing and made it on his own sleeping on the floor, using his genius to "found" Paypal (lol) and Tesla (lol).

In reality Musk family members made some astutue investments at the start of the .com era, which got the boys in controlling positions.

So yeah I think Holmes' fraud is much more impressive and harder to do. She had to do it with nothing. That's not to say Musk isn't one the great conmen of our generations. Hats off for that - he certainly is.

The biography actually did mention how Elon liked to pretend he wasn't born filthy rich into one of the first families to own private aircraft and several live in servants. I really think you should read it

Really? Maybe you don't get it.

There are several class actions pending against theranos regarding deaths after a faulty diagnosis by their machines. Does that mean the claims are valid? No. But to act like your analogy was comparing apples to apples is utterly preposterous.

There are reasons biotech/ medical tech has significantly higher regulations etc. regarding its use and introduction to the public. It's because bad medical tech kills people. To compare devices that could kill or harm people to a tech company that fudges on whether it actually has the proprietary UI it claims is a bad analogy. Sorry, you're wrong.

you can sell 1,000 feb calls for 3 bucks

wild times

interesting play would be to buy way otm call spreads (15 or 20 $ wide) and sell naked 1k calls against it. cheap shot at a nice winner but it will eat up some buying power

This is insane. Tubs of popcorn.

I think what needs to be clarified based on the data you have represented is how many of these deaths are caused by reckless driving vs malfunctioning of the vehicle.

If I was to take a guess, I would obviously side with the traditional brands for their quality vs the somewhat new "technology" of Tesla, not to mention their laughable assembly line compared to the real car manufacturing companies.

That being said, one could argue that most people who purchased a Tesla does not view it as daily commuter but rather a showboat vehicle on the side. Therefore, the death rate would be higher as people tend to drive more recklessly with their "fun" vehicle.