Bad Blood: Secrets and Lies in a Silicon Valley Startup
Genre: Non Fiction, True Crime
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 tests 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 $9 billion, putting Holmes’s worth at an estimated $4.7 billion. There was just one problem: The technology didn’t work.
For years, Holmes had been misleading investors, FDA officials, and her own employees. When Carreyrou, working at The Wall Street Journal, got a tip from a former Theranos employee and started asking questions, both Carreyrou and the Journal were threatened with lawsuits. Undaunted, the newspaper ran the first of dozens of Theranos articles in late 2015. By early 2017, the company’s value was zero and Holmes faced potential legal action from the government and her investors. Here is the riveting story of the biggest corporate fraud since Enron, a disturbing cautionary tale set amid the bold promises and gold-rush frenzy of Silicon Valley.
This review was written on 19 December right after I finished reading it!
First of all, wow. WowwowwowwowWOW.
Second, I’ve only ever read one non-fiction that I devoured so quickly and I think I read this one even faster!
Third, JUST. WOW!
I really don’t know how to write this review right now because (clearly) I’m still a little shook. My brain keeps asking: did I just read a science fiction thriller or did this actually happen? I honestly can’t remember the last time I swore so much and so loudly while reading–there was a lot of “WTF, GTFO, and are you forking serious” going on during this read but I just couldn’t help myself! 😂 I had no intention of finishing the book today when I picked it up and decided to purchase the audiobook, but this was 100% unputdownable. I do think the audiobook is what helped me get through this so quickly though and I would definitely recommend it (I listened on 2x speed)!