ENTREPRENEUR PERSPECTIVE

Theranos: The Billion-Dollar Scam That Shocked Silicon Valley

From Rupert Murdoch, Larry Ellison, to the Walton family (owners of Walmart), how did Elizabeth Holmes "manipulate" the trust of the entire financial world?

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Elizabeth Holmes was once hailed as one of the brightest icons of Silicon Valley, even the female version of Apple's founder Steve Jobs. With the ambition to completely revolutionize the healthcare industry with "miraculous" blood testing technology, this young woman built Theranos, a startup once valued at up to 9 billion USD.

But behind the glamour, the Theranos story quickly turned into one of the biggest startup fraud scandals in history.

The Theranos scandal was entirely avoidable: here's how

From peak expectations to a shocking collapse, the Theranos story has become a costly lesson for the global investment and startup community. In this week's article, Viet Hustler will dissect with you the dramatic journey of Elizabeth Holmes, reveal the truth behind the flowery promises, and most importantly, draw profound lessons to avoid falling into the next "billion-dollar illusion".

  • Elizabeth Holmes and the Journey to Conquer the Billionaire Dream

  • The Golden Era of Theranos

  • From Skepticism to Crisis of Trust

  • The End of the Billion-Dollar Dream

  • Valuable Lessons for Investors from the Collapse of Theranos

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