Elizabeth Holmes was everything Silicon Valley investors and the media could hope for: a brilliant, young female entrepreneur who dropped out of Stanford at 19 to start a company called Theranos.
Today, Theranos is on the verge of liquidation and its backers have seen their investments wiped out. Holmes has been unmasked as a fraud and may face criminal charges.
The man responsible for uncovering the truth about Theranos is John Carreyrou, a veteran investigative journalist at The Wall Street Journal. His dogged reporting revealed the tactics of flattery and intimidation that fooled Holmes’ investors and the press, allowing her to keep up the deception for as long as she did.
Reason‘s Nick Gillespie sat down with Carreyrou to talk about his new book on Theranos, Bad Blood: Secrecy and Lies in a Silicon Valley Startup, which has made the New York Times bestseller list and will soon be made into a movie starring Jennifer Lawrence as Elizabeth Holmes. Bad Blood raises tough questions about regulators’ failure to stop Theranos, the infatuation of the public and the press with the mystique of Silicon Valley, and the shadowlands where innovation, capitalism, and fraud meet.
Click here for full text, a transcript, and downloadable versions.
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