141–150 of 280 posts
Hear that? That's the sound of $9B in valuation disappearing :| There is really a thin line between delusion and brilliance.
I'm beginning to wonder if at any point they will pack their bags, return what's left to investors and close up shop...or maybe they'll just keep going until it's completely dead? Hell maybe they pivot to be a traditional lab with traditional equipment?
Even as the questions were building and the noose was tightening, she would announce a public talk to reveal and openly share information on the company's tech, then mysteriously cancel a short while later -- she did this over and over.
I'm still not convinced that Theranos was meant to be a scam, or at least not a scam in the way most people are thinking about it. But it has definitely produced a similar output, and that makes it functionally equivalent.
I hope, really hope, that someday the true story about all the WTF-ness around Holmes and Theranos comes out.
I've been on the inside of a company like this once and I ran away as soon as I realized the place was up to no good. What still bothers me about my personal experience is that I, even as a person on the inside, still don't know the truth about that company due to all the same weird kind of cult of secrecy things we've seen at Theranos. The truth in these kinds of things, I suspect, lives only inside the heads of the people who run these kinds of organizations and it may not ever be possible to get at what the truth actually is depending on how far down the delusion hole they've fallen.
Real kudos to the press who broke and made very public the stories. This was the media at its finest. Those journalists may have helped save many lives.
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You sure? The two autopilot deaths say otherwise. There has and will always be risk in starting a company. Your products might have flaws and they might kill. Some companies make it through these events...some don't. Innovation is embracing a crazy idea to move humanity forward. However, it also means embracing all the unknowns.
two autopilot deaths? afaik autopilot failed to react properly to already dangerous situation where it is in no way certain that human would have succeeded. do you know of an event where autopilot deliberately chose to drive into a tree and killed the passengers?
Hear that? That's the sound of $9B in valuation disappearing :| There is really a thin line between delusion and brilliance.
I hope that Holmes' bizarre behavior as the issues went public keep her from ever running anything even remotely close to things that matter for people's lives and well being. Even as the questions were building and the noose was tightening, she would announce a public talk to reveal and openly share information on the company's tech, then mysteriously cancel a short while later -- she did this over and over. I'm sti…
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Elon Musk is himself an expert who knew rocketry. He knew his shit. Even then, he almost failed.
No, he wasn't an expert when he started down this path. http://www.businessinsider.com/how-elon-musk-learned-rocket-...
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> the incumbents who said that his ideas would never work which ideas? Is there really that much innovative stuff by elon musk? My impression is, that it was always more about economic feasibility than technical feasibility. Competitors to Tesla and SpaceX existed before those were founded but they lacked the investment.
I would say at the very least, the construction of the Model S and the supercharger network are hugely innovative.
Don't get me wrong, they're fantastic and innovative, but the basic technological underpinnings have been long established.
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To be fair, that is how innovation occurs. There are many examples of "ridiculous" ideas that ended being wildly successful. Where would Elon Musk be if he listened to all of the incumbents who said that his ideas would never work? Obviously, the putative innovators massively failed in this case, but I don't think that the outcome proves that their original idea was fatally flawed, or at least that it wasn't worth at…
> the incumbents who said that his ideas would never work which ideas? Is there really that much innovative stuff by elon musk? My impression is, that it was always more about economic feasibility than technical feasibility. Competitors to Tesla and SpaceX existed before those were founded but they lacked the investment.
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I was actually thinking more about SpaceX. They promised technology that was faster (in terms of development speed) and cheaper.
Isn't that because they could work outside many bureaucratic regulations and Musk's focus on the essential?
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Elon Musk wasn't playing with people's lives. The FDA exists for a reason.
You sure? The two autopilot deaths say otherwise. There has and will always be risk in starting a company. Your products might have flaws and they might kill. Some companies make it through these events...some don't. Innovation is embracing a crazy idea to move humanity forward. However, it also means embracing all the unknowns.