Elizabeth Holmes's partner raises millions for blood-testing startup

Matt Levine (financial columnist) often makes the point (or joke) that in fund management there a tendency to reward (as in: they get more money to manage) people who lost a lot of money, on the basis that they did manage to have a lot of money to start with, make bold bets, and should at least have learned something at this point.

Taleb took payment to promote cryptocurrency scammer Craig Wright and his BSV scamtoken.

If you see fraud and do not say fraud, you are a fraud.

If she eventually gets this right and revolutionizes blood-testing, the legend will live forever!

Big "if", I know...

This time it's different

Just wow.

I think it's an uncomfortable truth that there was some good in Theranos in terms of the unfulfilled needs of society and the potential of diligent work toward realizing those needs with technology.

I don't know how often it's been said by others, but I often think that Theranos would have had an easier time if they hadn't falsified anything. Faking things takes effort too, and aiming a little lower and being less secretive would have been a better outcome. Maybe a different tack is possible through this reboot.

Mr. Evans' silver spoon is worth $10M, so raising $20M against that in such a fraught area is eye-opening. Whether he sees this as part of Elizabeth's redemption arc or just can't quit the hair of the dog that bit him, I guess we'll see.

Elizabeth Holmes' crime wasn't defrauding people, it was defrauding people richer than her. Change my mind.

Most VC's are taking it in the shorts right now anyway, because they're addicted to free money and there's no more free money, and most of them quite frankly suck at spotting good deals. So for the intrepid souls who cast their lot in with Mr. Evans, maybe only Nixon could go to China, and maybe they'll fare better than the stodgy fat-dumb-and-happy B-tier VC's who are not long for this brave new world anyway.