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Elizabeth Holmes found guilty

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Re: Elizabeth Holmes found guilty

#411
post #401

I'm reading the jury instructions here: https://cand.uscourts.gov/wp-content/uploads/cases-of-intere... Would the jury get this document with the blue and yellow highlighting?? > Language proposed by Ms. Holmes, and objected to by the government, is highlighted in blue. Language proposed by the government, and objected to by Ms. Holmes, is highlighted in yellow.

The Lawyer You Know broke it down pretty well: https://www.youtube.com/watch?v=45FzkrUjh_4

(but no, what you linked are a conference hearing preliminary proposed instructions for parties objections)

Re: Elizabeth Holmes found guilty

#412
post #155

What always amazed me is they had nothing… nothing that could do the thing they claimed. To the point they used competitors machines to produce results. Pretty amazing.

While it is unusual for the med tech industry, isnt it what startups do all the time ? it is not that surprising to me . It is not pure SaaS companies either, in the EV/self-driving space we have outright frauds like Nikola rolled a truck downhill to make the video and were public at $8 Billion. Others like Rivian/ tuSimple are definitely are not going to meet the projections in sales and plans they have published. T…

The equivalent in SaaS would be something like saying you had a single non-distributed non-sharded table RDBMS technology that could perform equivalent at 10 billion records on full ACID as well as Postgres could on 100K records. You have no such thing. No one knows how to make such a thing. It would require a breakthrough in software at Turing award level. You should get slapped with charges if you take investor money claiming such a thing.

Re: Elizabeth Holmes found guilty

#413
post #4

More complete summary from the NY Times: https://www.nytimes.com/live/2022/01/03/technology/elizabeth... https://news.ycombinator.com/item?id=29789074

> Very little is known of Mr. Balwani, including why he is called “Sunny.” This might be because Saturday in Hindi and other Indian languages is “sunny-var”, and the day of the week you are born on is a common nickname, in conjunction with “sunny” being an easy to pronounce and common English word.

I am Indian and I've never heard the "day of the week as nickname" thing. Nicknames are generally shortened first names or (in hindu cases) based on some astrological calculations that are too detailed to explain here.

Re: Elizabeth Holmes found guilty

#415
post #27

Some founders "fake it till you make it", and this news should serve as a cautionary tale.

"Fake it till you make it" originally meant behaving as an established company would, as opposed to presenting yourself as an upstart startup without a lot of customers. Basically: Professional website, formal company structure, normal business sales practices, having people available to answer the phones, and so on. You still had to do the work and deliver the results, but the goal was to overcome hesitancy to use s…

No post body was provided.

Re: Elizabeth Holmes found guilty

#417

It’s fascinating, albeit useless as it’s all speculation, to consider Holmes’ mentality and tactics. As a young and attractive woman she carefully manicured her appearance to resemble Steve Jobs and consistently altered her tone of voice (!) to sound deeper. To investors she was the disarmingly beautiful genius. These old grey men should be so lucky as to get her attention and be part of her myth! To a much older, ri…

No post body was provided.

Re: Elizabeth Holmes found guilty

#418

Earlier quoted context omitted.

While it is unusual for the med tech industry, isnt it what startups do all the time ? it is not that surprising to me . It is not pure SaaS companies either, in the EV/self-driving space we have outright frauds like Nikola rolled a truck downhill to make the video and were public at $8 Billion. Others like Rivian/ tuSimple are definitely are not going to meet the projections in sales and plans they have published. T…

The equivalent in SaaS would be something like saying you had a single non-distributed non-sharded table RDBMS technology that could perform equivalent at 10 billion records on full ACID as well as Postgres could on 100K records. You have no such thing. No one knows how to make such a thing. It would require a breakthrough in software at Turing award level. You should get slapped with charges if you take investor mon…

[deleted]

Re: Elizabeth Holmes found guilty

#419
post #414

Looking at the Theranos comment history on HN is a journey [1]. From the very beginning there was a lot of skepticism. [1] https://hn.algolia.com/?dateRange=all&page=30&prefix=false&q...

One interesting find from that search, here’s two videos of Holmes, in the first she fakes a creepy deep voice for the entirety of the interview

https://www.youtube.com/watch?v=YecjzEScXqU&t=105

In this video she is being interviewed on Mad Money, using her (assumed) actual voice.

https://www.youtube.com/watch?v=rGfaJZAdfNE&t=403

What a strange person.

Re: Elizabeth Holmes found guilty

#420
post #27

Some founders "fake it till you make it", and this news should serve as a cautionary tale.

"Fake it till you make it" originally meant behaving as an established company would, as opposed to presenting yourself as an upstart startup without a lot of customers. Basically: Professional website, formal company structure, normal business sales practices, having people available to answer the phones, and so on. You still had to do the work and deliver the results, but the goal was to overcome hesitancy to use s…

This is by the way but I love the phrase "upstart startup."
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