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Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

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Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#171

Post by saturated_world »

saturated_world wrote: post #156
Buge wrote: post #134

Earlier quoted context omitted.

Stanford (like most top private schools) offers very generous financial aid. Very low tuition for students whose families make https://news.stanford.edu/2015/03/27/new-admits-finaid-03271... Of course poor students are less likely to get accepted because of less access to private tutors and other support.

In theory, that is great. In practice, it does little to level the playing field. Many capable high school students are not even aware that schools like Stanford exist, and cannot even begin to conceive what acceptance into such a radically different world would even mean. I surely didn't. It is also possible that those students who are aware, and do aspire to receive this aid, have family members who actively sabota…

My point is that it is possible that no one in the history of their high school, or anyone they have ever known, has attended such a school. The student nor their parent(s) have the mental framework to reason about it.

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#172

Post by Mz »

verulito wrote: post #155
stanfordkid wrote: post #68

Earlier quoted context omitted.

I went to Stanford (hence the screen name) ... Stanford students are generally sheep that know one thing for certain: That they are smart enough to get into Stanford and that they now have pretty much zero excuse to not be successful. They assume that other things (vision, relentless lifelong obsession) are means to ends. It is a fertile breeding ground for what Trungpa Rinpoche most accurately describes a "Spiritual…

We should also remember that she graduated like 15 years ago, about the same time I did. The world was VERY different back then. Her style of management reflects the generation she was created from. Unlike her peers, she was unlucky enough to have had access to enough funding to last this long. As a result, the damage done is larger than was typical even back then but also ending at a time when it would stand out. Co…

http://money.cnn.com/2014/10/16/technology/theranos-elizabet...

She did not graduate. She dropped out.

I also dropped out of college at a young age, but not to defraud the world in an effort to become a billionaire. So, this is not intended to suggest being a drop out is inherently bad.

#JustTheFacts

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#174

Post by return0 »

SilasX wrote: post #115
eric_h wrote: post #88

Earlier quoted context omitted.

Yes, it's unfortunate that "fake it 'til you make it" became such a popular meme in SV et. al. There is value in that philosophy in some respects, but claiming that your medical tests are real and reliable when they are not most certainly does not fall under that particular umbrella.

Yes! I had previously noted how Holmes was, in many ways, taking the HN/SV memes seriously, in believing: - that an entire industry has been doing it wrong - that it can be fixed by a low-bureaucracy, Angel-funded startup - that once you have enough success you can just rewrite the laws that were slowing you down - that no one knows what they're doing anyway, major projects are 100% guesswork, and you should just "fa…

I remember watching an interview where she actually said those things. I would be suspicious with a person who talks like that.

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#175

Post by return0 »

cylinder wrote: post #41

So will Holmes go to prison? A green card holder in Texas was just​ sentenced to eight years in prison for voting in a US election. Surely Holmes will go away much longer right?

If there is a criminal investigation, it looks like there are too many and some powerful people (investors,advisors) involved.

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#176

Post by Mz »

saturated_world wrote: post #171
saturated_world wrote: post #156

Earlier quoted context omitted.

In theory, that is great. In practice, it does little to level the playing field. Many capable high school students are not even aware that schools like Stanford exist, and cannot even begin to conceive what acceptance into such a radically different world would even mean. I surely didn't. It is also possible that those students who are aware, and do aspire to receive this aid, have family members who actively sabota…

My point is that it is possible that no one in the history of their high school, or anyone they have ever known, has attended such a school. The student nor their parent(s) have the mental framework to reason about it.

You are correct. I vaguely recall seeing a study that concluded that rural kids at the top of their class were much less likely than urban kids to go to college and, iirc, a factor was that they were much less likely to know about scholarship opportunities. So, they just did not think it was possible because they did not have the money and never even looked into other options since those other options were essentially unimaginable. They and their entire social network were drastically less likely to think college was a viable option and, so, their education ended at 12th grade.

This is a real problem not only for the rural youth essentially cheated of opportunity, it is also a problem for a nation missing out on untapped talent.

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#177

Post by Mz »

justinzollars wrote: post #126
Mz wrote: post #16

Earlier quoted context omitted.

My guess: "If it bleeds, it leads." True life drama and gossip (for lack of a better word) has always sold papers.

I think integrity is important and I don't like the idea of attacking journalists for printing stories critical of Silicon Valley. Overvaluation effects us all, these hundreds of millions drive up my rent, your rent and could be better allocated to other startup ventures.

I basically agree with you, but I will state that I was not attacking any journalists.

Sensationalism sells. There are both good and bad reasons behind that truism. At the moment, the publishing industry is in crisis. I see no reason to look any further than a dire need to increase sales as "motive" for a particular publication apparently revisiting this particular on-going drama repeatedly.

My sister was a journalism major in college. She was significantly involved in the school paper in high school and was awarded a journalism scholarship that helped pay for her college education. She went on to do other things and is not a journalist, though an early job of hers did involve working on a publication. I also had a class in journalism in high school (where I was disliked by the teacher for failing to be enough like my older sister, whom he had adored as a student and contributor to the school paper) and I was State Alternate for the Governor's Honors Program in Georgia in the subject of Journalism when I was 15. So, I got my toes ever so slightly wet in journalism in my teens, then, I also went down some other path instead of becoming a journalist.

I assure you, my remarks are in no way intended to be an attack on journalists.

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#178

Post by toomuchtodo »

ncallaway wrote: post #132
bspn wrote: post #85

Earlier quoted context omitted.

Off topic: he's 95 years old?! I don't care how well connected he is, who thought it would be a good idea to have a nonagenarian on the board of a (supposedly) cutting edge health-tech company?!

And what evidence, besides your random agism, do you have to argue that a 95 year old person shouldn't be on the board of a company?

For the same reason an auto insurance company charges my 86 year old grandmother thousands of dollars per year more than myself; your faculties degrade with age.

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#179

Post by chmaynard »

yalogin wrote: post #109

This is an outright scam. Why haven't we seen any arrests?

Because the US legal code is written by politicians who accept bribes to make it difficult or impossible to prosecute white-collar crime in a timely fashion. These weak laws are enforced very selectively, based on the whims of senior officals and judges in the executive and judicial branches of our government. This is reality. Deal with it.

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#180

Post by Caveman_Coder »

return0 wrote: post #175
cylinder wrote: post #41

So will Holmes go to prison? A green card holder in Texas was just​ sentenced to eight years in prison for voting in a US election. Surely Holmes will go away much longer right?

If there is a criminal investigation, it looks like there are too many and some powerful people (investors,advisors) involved.

We should send them all to the slammer as well...Locking up some of these plutocrats sounds like something we could use right now
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