31–40 of 234 posts
I have a feeling that this level of lying is much more pervasive in startups than people realize.
Not that I'm surprised that the firm sued but I wonder what their end goal is and how they're planning on getting any sort of meaningful settlement from a company that's currently on fire. This seems mostly a face-saving measure.
Does anybody know if investors sometimes win these cases? I imagine they must have done some serious due diligence before investing 100m.
One thing I find really weird is the choice of CEO photos in media reporting. If there is good news, they chose 'nice', attractive photos. If there is bad news, they look for worse ones. This is true for male and female founders. In this case, everything about this photo is an 'outtake', from hands, choice of framing, facial expression, eyes - it's a photo a photographer would not keep in their image selection.
Why is that weird? The photo choice manipulates the reader impression just as they intend. Perhaps what you might mean is something like "disingenuous" or "biased" or "unethical"
Mainstream journalism will also do just fine.
I have a feeling that this level of lying is much more pervasive in startups than people realize.
There are 13 major life sciences venture capital firms and not one of then would touch Theranos with a ten foot pole. You'd think, in theory, that whomever it was at Partner Management LP who makes the big investment decisions would make a few phone calls first before deciding to pull the trigger.
Startups making bold promises about unproven technology are a dime a dozen.
This is the first article on this news, so I couldn't find a non-paywalled source. For those who don't subscribe to WSJ, the tl;dr is as follows: • SF-based hedge fund, Partner Fund Management LP, is suing "Theranos and its founder", alleging they lied to attract nearly $100M in funding. • Sources are an internal "fund document" and "people familiar with the matter." • The fund document was reviewed by WSJ and states…
FYI, the "web" link is exactly for this. Paywalled sources get penalized in Google's search results, so most of the time searching for the article's title and clicking the Google search results link gets you the full article.
http://www.nasdaq.com/article/major-investor-sues-theranos-2...
This is the first article on this news, so I couldn't find a non-paywalled source. For those who don't subscribe to WSJ, the tl;dr is as follows: • SF-based hedge fund, Partner Fund Management LP, is suing "Theranos and its founder", alleging they lied to attract nearly $100M in funding. • Sources are an internal "fund document" and "people familiar with the matter." • The fund document was reviewed by WSJ and states…
FYI, the "web" link is exactly for this. Paywalled sources get penalized in Google's search results, so most of the time searching for the article's title and clicking the Google search results link gets you the full article.
Earlier quoted context omitted.
FYI, the "web" link is exactly for this. Paywalled sources get penalized in Google's search results, so most of the time searching for the article's title and clicking the Google search results link gets you the full article.
That used to work for me; it doesn't any more.