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Ask HN: Elizabeth Holmes has 200 patents – if tech didn't work, why not noticed?

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Re: Ask HN: Elizabeth Holmes has 200 patents – if tech didn't work, why not noticed?

#91

I wonder why there hasn't been a media outcry like with Kenneth Lay, Jeffrey Skilling, Richard Scrushy, et al. People wanted those scoundrels drawn and quartered, but no one's calling for her head. Is it because of her sex?

Maybe you should read different information sources. I've seen nothing but praise for the WSJ reporter and his new book.

Re: Ask HN: Elizabeth Holmes has 200 patents – if tech didn't work, why not noticed?

#93
post #22

I think a big part of it is that people wanted it to be true. The idea is very compelling. Who wouldn't want it to be true/possible? And it's obvious to anyone how valuable such a thing would be. Plus... Young woman founder/CEO (& paper billionaire as a result). Dropout from Stanford. Silicon Valley. On the cover of magazines. Big names on the board. Association with Bill Clinton, etc.

She's relatively young and attractive and perhaps possesses hidden talents. Like maybe the ability to charm the pants off (so to speak) of men - especially older, rich, powerful men who were in a position to help move her ambitions along. Also men who may have been somewhat blinded to obvious warning signs of potential trouble.

Doubtful. If this was common we would have more female startups funded. Just because she is attractive and raised money doesn’t mean she had to use sex to get there. She did go to a Ivy League school which brings a network and credibility in and of itself.

Re: Ask HN: Elizabeth Holmes has 200 patents – if tech didn't work, why not noticed?

#95

I wonder why there hasn't been a media outcry like with Kenneth Lay, Jeffrey Skilling, Richard Scrushy, et al. People wanted those scoundrels drawn and quartered, but no one's calling for her head. Is it because of her sex?

Probably because the people who have lost money on Theranos are rich investors, not the "regular folks" who invested too much of their 401ks in Enron, nor did Theranos cheat people like how Enron gouged old Californians on their electric bills by intentionally shutting down power generation.

Re: Ask HN: Elizabeth Holmes has 200 patents – if tech didn't work, why not noticed?

#96
Because the patent system in is broken, always has been, probably always will be. Less of it is about creating and protecting innovation, most of it is about creating litigation to slow down others who attempt to compete with you (even when they’re doing something different).

Re: Ask HN: Elizabeth Holmes has 200 patents – if tech didn't work, why not noticed?

#97
I worked at a small tech company that was bought by a large company. They sent a patent attorney to talk to us. He said to send his office anything that might be patentable. He said that patents for big companies were kind of mutually assured destruction in the sense that if someone sued us over infringing on one of their patents if we had enough patents they were probably infringing one of ours.

Re: Ask HN: Elizabeth Holmes has 200 patents – if tech didn't work, why not noticed?

#98
post #93

Earlier quoted context omitted.

She's relatively young and attractive and perhaps possesses hidden talents. Like maybe the ability to charm the pants off (so to speak) of men - especially older, rich, powerful men who were in a position to help move her ambitions along. Also men who may have been somewhat blinded to obvious warning signs of potential trouble.

Doubtful. If this was common we would have more female startups funded. Just because she is attractive and raised money doesn’t mean she had to use sex to get there. She did go to a Ivy League school which brings a network and credibility in and of itself.

She went to Stanford university which is not an Ivy League school.

Re: Ask HN: Elizabeth Holmes has 200 patents – if tech didn't work, why not noticed?

#99
Theranos may have been outright fraud but their technical claims never seemed that outlandish. There are many legitimate companies/academic labs working on similar bloodtests and even brining more limited versions to market.

There timing was excellent too. I actually remember thinking a few years ago that all one would need to do to design something like the theranos product is run enough blood samples through a good mass spec and load the date into map reduce. But based on research since then "enough" turns out to be a whole lot.

And there are also scientists who think that ideas like that are ridiculous and biomarkers for certain diseases (like early stage cancer) will never be findable in blood. And many of them are vocal about the fact. But since there are experts on both sides that isn't a clear indictment of the idea.

It is also worth noting that the "crisis of reproducibility" is bad enough in bio that I wouldn't haven been surprised if Theranos had very promising early results that didn't pan out. Thats happened to a lot of people.

Personally I fully believe we'll see a Theranos like product in the next 20 years around the time protein sequencing and mass spectrometry tech gets cheap enough to do studies with on ~millions of people instead of ~thousands.

Re: Ask HN: Elizabeth Holmes has 200 patents – if tech didn't work, why not noticed?

#100
What wonders me in this story is how many investors have been duped into this fallacy, without proper due diligence, checking the supposed contracts and so on. If I was an investor in a VC fund, I would have sued the investment managers for negligence on their part.
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