Is Elizabeth Holmes’ guilty verdict a wake-up call for startups?

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Is Elizabeth Holmes’ guilty verdict a wake-up call for startups?

After an extended trial, former Theranos CEO Elizabeth Holmes has been discovered responsible of 4 out of the 11 costs introduced in opposition to her, together with three counts of wire fraud and conspiracy to defraud buyers in her now-defunct blood testing firm. The decision caps a journey stuffed with each guarantees and disappointments, one which in the end led to the downfall of what might have been some of the profitable corporations, and entrepreneurs, to return out of Silicon Valley in over a decade.

Whereas the decision is a milestone in holding startup founders accountable for false guarantees, it really additional complicates the distinction between fraud and the “faux it til you make it” mindset of many startups. The TechMac’s deputy editor Liz Lopatto breaks down the result of the trial and what to anticipate within the months to return. With Holmes’ enterprise accomplice, Sunny Balwani, on the point of stand trial later this month, the story is much from over.


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