Live data from Hacker News

Elizabeth Holmes urged employees to hide Theranos’ lab equipment from inspectors

arstechnica.com

261–264 of 264 posts

Re: Elizabeth Holmes urged employees to hide Theranos’ lab equipment from inspectors

#261

Earlier quoted context omitted.

I mean, we can go the other way by looking at SpaceX. I spent years reading detailed reports from experts that everything SpaceX was doing was impossible. -A rocket made of steel -Landing a rocket anywhere -Landing a bigger rocket anywhere -Landing a rocket on solid ground -Landing a big rocket on the ground and a lot of smaller things in between. I read many plausible looking reports on the non-feasability of these…

For the risk of being a broken record, nobody claimed that reusable rockets were technically impossible. The argument was that they were rather financially unfeasible due to a limited number of LEO launches, so nobody tried (I lost the ESA study on this from the early 2000s unfortunately...). I'd really love that myth of SpaceX doing the impossible with landing rockets to die. Also because they don't have to, they we…

Also I have to point out that although SpaceX has very competitive prices for market contracts there seems to be a different services and pricing scheme for government contracts.

This is not unique in the industry to some extent but since SpaceX has no published audits competitors claim they overcharge the government.

Re: Elizabeth Holmes urged employees to hide Theranos’ lab equipment from inspectors

#262

The crazy thing about Theranos is that so many people with experience in microfluidics (developed mainly for DNA sequencing although there are other uses) knew that their claims were impossible, technologically speaking. Working with such small volumes to obtain quantitive estimates of blood chemistry is so implausible, as you are introducing uncontrollable variability - micro-evaporation, even tissue localization is…

Why did Theranos insist on using 'a single drop of blood.' Why not be able to run a normal blood sample through an unprecedentedly compact form factor testing unit. Wouldn't that be good enough?

Maybe it's something like Elon Musk and his "no LIDAR" thing.

Re: Elizabeth Holmes urged employees to hide Theranos’ lab equipment from inspectors

#263
post #243
post #108

Earlier quoted context omitted.

A dead giveaway for throwaway board seats: Nobel Prize winners, generals, politicians. Another: “professional board members” who sit on multiple boards but have never had senior executive roles involving profit and loss. These people may be accomplished in their own right, but they know little about business. They are there for lunch, the fat fee, and to pose. And when a big company has a NUMBER of these types, i.e.…

> “professional board members” who sit on multiple boards but have never had senior executive roles involving profit and loss How do they get to this position without having been senior execs?

A Stanford grad enters Harvard Business School after a year of “working” in Silicon Valley. After HBS, she joins an SV VC firm, never makes partner or does her own deals, but hangs on long enough to credibly assert a career in “venture capital” to those in mature industries who don’t know how to vet such a career. Excellent social skills with a unique ability to convey agreeability: a yes girl with flair. On two major boards.

Re: Elizabeth Holmes urged employees to hide Theranos’ lab equipment from inspectors

#264
post #259

Earlier quoted context omitted.

Groupon.

I remember the company/service but I'm unfamiliar with the unfolding of the company.

They launched their IPO while marginal revenue was still solidly negative; published a bunch of non-standard metrics; and the founders and early investors took out 80% of the money raised even before the IPO.

https://en.m.wikipedia.org/wiki/Groupon#Initial_public_offer...

Post reply on HN