291–300 of 1001 posts
Earlier quoted context omitted.
If “proven beyond a reasonable doubt” keeps leading to bad outcomes, maybe that’s not the right standard.
That is a dangerous precedent to remove. Certainly we don't want to replace judges and juries with Twitter polls.
It blows my mind that she was found guilty for defrauding investors, but not guilty for defrauding patients about their test results. Investors know that every dollar they put into a company could disappear, it's why startups get capital from investors and not bank loans. But a patient does not expect for their blood test results to be completely wrong. Her tests weren't giving false-negatives or false-positives, the…
They had a fully functional lab though, it just wasn't using Theranos' devices. This is what they did to Wallgreens, they sold them on the idea that they would have theranos machines in-store, but instead what they did was do IV blood draws (calling it a comparison check) .. and then would just process the samples the same way as everyone else using standard equipment. People were getting good results because Therano…
It blows my mind that she was found guilty for defrauding investors, but not guilty for defrauding patients about their test results. Investors know that every dollar they put into a company could disappear, it's why startups get capital from investors and not bank loans. But a patient does not expect for their blood test results to be completely wrong. Her tests weren't giving false-negatives or false-positives, the…
This will sound weird but I am a collector of swag from large companies that have collapsed due to anything from mismanagement to outright fraud. While we're a rare breed there are others like me out there. Still, even with this oddly specific marketplace being small, let me tell you, the Theranos swag market is hot right now (check eBay if you're curious). Wish I had gone big on this one earlier, because I have a fe…
It blows my mind that she was found guilty for defrauding investors, but not guilty for defrauding patients about their test results. Investors know that every dollar they put into a company could disappear, it's why startups get capital from investors and not bank loans. But a patient does not expect for their blood test results to be completely wrong. Her tests weren't giving false-negatives or false-positives, the…
>> Investors know that every dollar they put into a company could disappear, it's why startups get capital from investors and not bank loans. The above does not excuse fraud. Investors know their investments are risky, but that does not give you permission to deliberately lie or mislead, with an intent to deceive the potential investor. For example, if you tell investors that you anticipate getting $50M in new contra…
It blows my mind that she was found guilty for defrauding investors, but not guilty for defrauding patients about their test results. Investors know that every dollar they put into a company could disappear, it's why startups get capital from investors and not bank loans. But a patient does not expect for their blood test results to be completely wrong. Her tests weren't giving false-negatives or false-positives, the…
> It blows my mind that she was found guilty for defrauding investors, but not guilty for defrauding patients about their test results. my thoughts exactly. i'm woefully underread on the whole situation but something is weird and different about it. one thing that does jump to mind is that the investor list and board composition isn't what i'm used to seeing for stem ventures. i can imagine that perhaps they're less…
This will sound weird but I am a collector of swag from large companies that have collapsed due to anything from mismanagement to outright fraud. While we're a rare breed there are others like me out there. Still, even with this oddly specific marketplace being small, let me tell you, the Theranos swag market is hot right now (check eBay if you're curious). Wish I had gone big on this one earlier, because I have a fe…
Some founders "fake it till you make it", and this news should serve as a cautionary tale.
It didn't mean literally lying about your capabilities or accomplishments in order to garner more investment money.
That's not "fake it till you make it". That's just fraud. It's not really hard to distinguish between the two, despite the way some people are trying to merge the two definitions.