Theranos Low on Cash After Settlement with Walgreens
1–10 of 78 posts
Re: Theranos Low on Cash After Settlement with Walgreens
#2"The embattled Silicon Valley firm told investors in June that it had about $54 million left on hand. It was spending about $10 million a month then, but anticipated further reducing its burn rate.
Theranos in June was seeking to raise about $50 million from existing investors. The company declined to comment on whether it had succeeded in doing so, or on its current cash position. It isn’t clear when Theranos will make the payments to Walgreens."
Re: Theranos Low on Cash After Settlement with Walgreens
#3A company has not only totally failed in the market but employed deception which lead to a lawsuit, my question is how do they have any money left at all? Isn't this such a miss that whatever was left should just be returned to investors and the company close down. Does anyone have a scenario where this company becomes viable?
Re: Theranos Low on Cash After Settlement with Walgreens
#4A company has not only totally failed in the market but employed deception which lead to a lawsuit, my question is how do they have any money left at all? Isn't this such a miss that whatever was left should just be returned to investors and the company close down. Does anyone have a scenario where this company becomes viable?
Indeed, why isn't the entire board, and upper management in jail?
Re: Theranos Low on Cash After Settlement with Walgreens
#5"The embattled Silicon Valley firm told investors in June that it had about $54 million left on hand. It was spending about $10 million a month then, but anticipated further reducing its burn rate. Theranos in June was seeking to raise about $50 million from existing investors. The company declined to comment on whether it had succeeded in doing so, or on its current cash position. It isn’t clear when Theranos will m…
Why would anyone give them money now?
Re: Theranos Low on Cash After Settlement with Walgreens
#6Non-paywalled Article (Vanity Fair): https://www.vanityfair.com/news/2017/08/theranos-walgreens-s...
It seems this whole thing was a "build hype now, invent the actual stuff later" policy taken to the extreme. Elizabeth Holmes has done a disservice to the tech community's reputation.
Re: Theranos Low on Cash After Settlement with Walgreens
#7Theranos seems to be an example of supreme hubris. Years from now, we will be reading amazing business school research into how a company, seemingly built on the ultimate vaporware, run by a woman who saw herself as the next Steve Jobs, collapsed due to the CEO's hubris. I think if it weren't for Holmes controlling interest she would have been let go a long time ago.
Re: Theranos Low on Cash After Settlement with Walgreens
#8A company has not only totally failed in the market but employed deception which lead to a lawsuit, my question is how do they have any money left at all? Isn't this such a miss that whatever was left should just be returned to investors and the company close down. Does anyone have a scenario where this company becomes viable?
Indeed, why isn't the entire board, and upper management in jail?
Have you looked at their board? It's basically the ultra-elite. How would you even go after James Mattis? It's kind of sad but a brilliant illustration of how much money can protect you. Theranos the company will fail but Theranos the people will be fine, except for the whistleblower that is.
Re: Theranos Low on Cash After Settlement with Walgreens
#9A company has not only totally failed in the market but employed deception which lead to a lawsuit, my question is how do they have any money left at all? Isn't this such a miss that whatever was left should just be returned to investors and the company close down. Does anyone have a scenario where this company becomes viable?
Indeed, why isn't the entire board, and upper management in jail?
because the board is stacked with billionaires, former senators and secretaries of state.
too big to jail
Re: Theranos Low on Cash After Settlement with Walgreens
#10"The embattled Silicon Valley firm told investors in June that it had about $54 million left on hand. It was spending about $10 million a month then, but anticipated further reducing its burn rate. Theranos in June was seeking to raise about $50 million from existing investors. The company declined to comment on whether it had succeeded in doing so, or on its current cash position. It isn’t clear when Theranos will m…
Why would anyone give them money now?
Even if the technology was truly promising, and the company had a clear plan forward to develop and profit, I would not give them a cent so long as Holmes is connected to the company. She's far too much of a liability.