Elizabeth Holmes' partner raises millions for new biotech testing startup

https://www.npr.org/2025/05/10/nx-s1-5393950/elizabeth-holmes-theranos-billy-evans-blood-testing

by sseagull • 1 year ago

29 14 1 year ago

anovikov2• 1 year ago

What's so striking about it? The fact the she's a convicted fraudster does not mean that she's not an expert in the field.

movingontonext• 1 year ago

And the fact that she was able to execute effectively on the fund raising and marketing aspects of her venture doesn’t mean that she IS an expert in her field. The problems with and ultimate outcome of Theranos paint a pretty clear picture of that.

Visible association with a convicted fraudster, especially one as high profile her, should be a giant red flag to investors and consumers.

anovikov2• 1 year ago

We live in the world where there is no such thing as a negative publicity. Just look at Trump. People take notice apparently.

After all, we all know that funded startups are just a pump and dump game. It doesn't matter whether the thing is real at all, what truly matters is how big will the "bigger fool" that comes after you. Holmes attracts eyeballs and thats' all investors need.

seanhunter• 1 year ago

Why would she be an expert in the field though? She did some of a chemistry degree and worked for a bit as an intern in a drug testing lab. Apart from that all her experience has been in fraud.

nothercastle3• 1 year ago

At the ceo level fraud is a large part of the field. Just think of all the PE firms itching to hire a good fraudster

jxjnskkzxxhx• 1 year ago

The fact the she's a convicted fraudster does not mean that she's not an expert in the field.

Indeed it doesn't. Could you please provide evidence that she is an expert? Running a fraudulent company doesn't count.

Fade_Dance• 1 year ago

artificial intelligence startup hoping to introduce a product that can be used in medical testing and other settings... blood testing.

This... literally sounds like another Theranos. Bizarre and comical.

Is this based on solid R&D, patents, and proof of concept? Or is it more hot air?

Partner... Luminar

Luminar spent massive amounts of money on in-house tech with no revenue, then ran out of money, shut it all down and outsourced it, diluted shareholders to zero, and the CEO extracted hideous amounts of cash, became one of the richest youngest CEOs of all time, and bought a massive mega millions house in Austin from the shareholder capital. Maybe that's the objective? Well if so, at this point one truly can blame the investors.

CAPSLOCKSSTUCK• 1 year ago

Should've gotten the death penalty.

more_corn• 1 year ago

Surely this time WILL BE DIFFERENT!!!

Elizabeth Holmes' partner raises millions for new biotech testing startup

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