Just as Bernard Madoff was a creature of Wall Street and Enron represented the get-rich-quick excesses of the 1990s, Theranos and its leader were very much products of Silicon Valley
Elizabeth Holmes, second from left, outside court with her partner Billy Evans, left, as the jury continues deliberation in her fraud trial in San Jose, Calif., on Monday, Jan. 3, 2022. Jurors in the trial of Elizabeth Holmes, the founder of the blood testing start-up Theranos, said they were unable to agree on three of the 11 counts in her fraud case as deliberations stretched into their seventh day on Monday. (Jim Wilson/The New York Times)
SAN JOSE, Calif. — In 2016, startup founders sang, “Theranos doesn’t represent, we are better,” in a holiday video created by venture capital firm First Round Capital.
Over the next few years, several columnists wrote that Silicon Valley shouldn’t be blamed for Theranos.
Last month, Keith Rabois, a venture capitalist, said on Twitter that articles connecting Theranos with Silicon Valley culture contained “more fabrication than anything ever uttered by Trump.”
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