41–50 of 280 posts
Hear that? That's the sound of $9B in valuation disappearing :| There is really a thin line between delusion and brilliance.
It's quite strange, how easy it is to build a valuation
Earlier quoted context omitted.
click web > go to article from google
I have read the article (there was no 'web' button but some other comment posted a working link). Still have no idea what Theranos is or what they have done. Apparently they worked fro Walgreen or something?
Many paywalled sites allow you to read the article if the referrer is Google. So, this link searches for the title of the article and then the first result is probably the article you are looking for. Then you can read it.
I'm usually a huge fan of pg, but in his essay about founders, there was one section which I wasn't very comfortable with: http://www.paulgraham.com/founders.html Specifically, when he talks about naughtiness, he says: Morally, they care about getting the big questions right, but not about observing proprieties. That's why I'd use the word naughty rather than evil. They delight in breaking rules, but not rules that m…
I have no sympathy for her. It's incredibly irresponsible to do what she did- play marketing games with medical technology. Theranos' unethical behaviour has made it much more difficult for future innovation in the medical field, and has potentially cost lives. This sanction is appropriate. My fiancee works as a laboratory scientist in a hospital conducting patient sample testing, and her and her co-workers take thei…
Funding for real fusion research is still difficult to come by because of the shadow of the cold fusion debacle...
Earlier quoted context omitted.
I agree with the sentiment, this stuff's important. But when does "playing marketing games" become OK? Maybe for mobile games, but even then you have kids taking their parent's credit cards out of wallets and spending 100s... everything's important to somebody. Clearly medical tech is extra important, and the consequences even more grave, but I hope this is a lesson to everyone that trying to dupe all of society some…
> But when does "playing marketing games" become OK? When it comes to anything that can affect your health in medical related capacities it's tough to say it's ever okay. But duping a 9 year old into buying $200 worth of bullshit in-app purchases? Also very unethical, in my opinion, but at least it doesn't directly result in inaccurate medical care which could easily lead to serious injury or death. So ultimately I'm…
Hear that? That's the sound of $9B in valuation disappearing :| There is really a thin line between delusion and brilliance.
I'm beginning to wonder if at any point they will pack their bags, return what's left to investors and close up shop...or maybe they'll just keep going until it's completely dead? Hell maybe they pivot to be a traditional lab with traditional equipment?
* Sunken cost fallacy (we can still make a come back!)
* Failure is unacceptable (returning money is accepting utter failure)
* Returning money means you no longer possess it or the power / reputation it yields (you will no longer get a generous salary for example)
* Returning hundreds of millions of dollars with a multi-billion dollar loss is a joke to begin with
I have no sympathy for her. It's incredibly irresponsible to do what she did- play marketing games with medical technology. Theranos' unethical behaviour has made it much more difficult for future innovation in the medical field, and has potentially cost lives. This sanction is appropriate. My fiancee works as a laboratory scientist in a hospital conducting patient sample testing, and her and her co-workers take thei…
Trying to imagine myself willfully misleading her investors and the public for as long as she did, and at that scale extends beyond my capacity for empathy. I suspect she's genuinely delusional. I don't know how else someone could do something like that.
I.E.
A Large software company that allowed user data to be stolen because of known security issues. Software company does not inform the public of the breach until forced to.
A large medical company that allowed a very large failure rate of testing devices from known issues. Medical company does not inform the public of the breach until forced to.
I cant read this article. Can someone provide some backstory? What is Theranos? Why was it shut down?