Earlier quoted context omitted.
Innovation requires fraud?
That's not at all what I said. My claim is that innovation often involves ignoring all of the incumbents who say that a new way will never work. Obviously you shouldn't inflate the results of your attempt.
U.S. Bans Theranos CEO Elizabeth Holmes from Operating Labs for Two Years
171–180 of 280 posts
Re: U.S. Bans Theranos CEO Elizabeth Holmes from Operating Labs for Two Years
#172Earlier quoted context omitted.
There appear to be two different sorts of "disruption": 1) There's disruption that's seen as impractical or insanely difficult (e.g. Tesla, SpaceX). Or technically feasible but with significant social or legal obstables (e.g. AirBnB, Uber). 2) Then there's another category, disruption that defies laws of physics. Kickstarter is replete with examples. This includes things like pocket-size underwater rebreaters, self-f…
What law of physics makes what Theranos attempted to achieve impossible? They were still drawing blood from the patient. Thus, it seems theoretically possible for technology to overcome the challenges the approach presents.
> The blood you get from a prick will be a mixture of blood from small venules, small arterioles, capillaries and lymph vessels, mixed with whatever loose tissue and cells have been cut by the prick and carried over into the blood. No way you could ever get a reliable CBC from such a sample. Since the kind of general blood tests that this company is targeting are usually CBC + chem panel, even if you could get your chem results from the prick, you still need a normal blood draw for the CBC, so the competitive advantage that they are trying to push (quick sampling by patient at pharmacy, without need for phlebotomist) is lost. On top of that, the variability inherent in chem results from prick blood will be significant for several analytes, like CK and AST (present in muscle so could be raised from prick injury), glucose and lipids (different levels in venous or arterial blood or lymph), etc…
In short, while it might be possible to reliably use only µL of blood for tests, using µL of blood for dozens of tests seems questionable, and the chosen blood source is likely to be mostly worthless.
Re: U.S. Bans Theranos CEO Elizabeth Holmes from Operating Labs for Two Years
#173Earlier quoted context omitted.
I would say at the very least, the construction of the Model S and the supercharger network are hugely innovative.
But Tesla cars are just that - cars. Nor were they even the first electric cars. Don't get me wrong, they're fantastic and innovative, but the basic technological underpinnings have been long established.
Re: U.S. Bans Theranos CEO Elizabeth Holmes from Operating Labs for Two Years
#174Earlier quoted context omitted.
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.
Re: U.S. Bans Theranos CEO Elizabeth Holmes from Operating Labs for Two Years
#175Earlier quoted context omitted.
Can someone explain me how Theranos' claim is anything else than me claiming that I can do a representative study with 5 participants and have the same statistical significance as others doing a study with 10000 participants? Isn't this just elementary statistics and completely independent from the domain?
If it is known beforehand that all the participants will answer in the same way, testing 5 will produce as much information as testing 10000, so the question is whether any beforehand assertion like that applies. One reason that assertion might not hold is if the 5 being tested come from a special interest group, knowing if that could be the case or not depends on domain knowledge. http://www.bd.com/vacutainer/labnot…
Re: U.S. Bans Theranos CEO Elizabeth Holmes from Operating Labs for Two Years
#176I 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…
Not sure if scam is the right word. Everyone is capable of deluding themselves into believing their current, morally questionable actions will be seen as justified in the future (when everything works, out of course). I'm sure even Bernie Madoff believed at some point he would win it all back and no one would ever know or be harmed.
I think it's possible Holmes fits your description - she was in over her head, never set out to scam anyone, and slid down a very bad path without ever intending to. I don't know this is the case, but I believe it's possible. That, however, is not Madoff.
Re: U.S. Bans Theranos CEO Elizabeth Holmes from Operating Labs for Two Years
#177Earlier quoted context omitted.
people swerve all the time because coffee and phones falling out of their hands, because their "cpu" is bug-ridden and decides to show them fiction instead of reality at will. so the connotation that goes with the phrase "playing with people's lives" is completely dishonest when faced with the fact that statistically autopilot is safer than human.
> statistically autopilot is safer than human This is not born out by the currently available facts. Tesla quoted deaths-per-autopilot-mile versus overall deaths-per-mile for all cars on the road. This is very misleading information, for a number of reasons. 1. Teslas are high-end luxury cars and thus have better safety features than the lower end of the market. 2. Teslas are likely to be newer and better maintained…
Most drivers will take over and disengage Autopilot in doing so, so your point remains, but I wanted to make it clear that the car isn't just doing a "Jesus^H^H^H^H^HDriver take the wheel!" thing.
Re: U.S. Bans Theranos CEO Elizabeth Holmes from Operating Labs for Two Years
#178If they're going to ban her from operating labs for two years, does that mean they think she'll be, in some way, rehabilitated and capable of soundly running labs after that? Maybe there is little precedent, but that length of time seems a bit arbitrary (and too short?).
Re: U.S. Bans Theranos CEO Elizabeth Holmes from Operating Labs for Two Years
#179Earlier quoted context omitted.
There appear to be two different sorts of "disruption": 1) There's disruption that's seen as impractical or insanely difficult (e.g. Tesla, SpaceX). Or technically feasible but with significant social or legal obstables (e.g. AirBnB, Uber). 2) Then there's another category, disruption that defies laws of physics. Kickstarter is replete with examples. This includes things like pocket-size underwater rebreaters, self-f…
Solar panel roadways for latter
Extreme to the point of being nonsensical in its impracticality (cost of installation, cost of replacement, current PV efficiencies, etc), but not fundamentally impossible.