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Elizabeth Holmes found guilty

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Re: Elizabeth Holmes found guilty

#931
post #691

DAE remember people dismissing the original critical media coverage as being sexist and just trying to take down a successful woman in tech? Wonder if we'll hear any apologies to those authors..

Are you talking about twitter commenters or news organizations? Provide samples please.

more twitter commenters, but IIRC some well known ones. TBH, I don't really want to spend the time to go digging through a bunch of twitter searches to find them.

Re: Elizabeth Holmes found guilty

#932
post #868

Earlier quoted context omitted.

The progress made on full self driving (FSD) has been quite transparent, at least compared to Theranos. I worked at Tesla from 2017 - 2019 and the quality of Enhanced Autopilot probably quadrupled in the that small amount of time. I left before being able to experience the progress made on FSD, unfortunately. I agree that Elon's timeline's are absolute BS. My perspective on his timelines are that they are almost mean…

> For example, something that most industry folks would think will take 20-30 years (or is feasibly impossible ie. reusable rockets), Elon gives a 5 year timeline and his team actually gets it done in 10 -- still less time than anyone thought possible. No one realistically thought reusable rockets were impossible or even infeasible. Reusable rockets trade lift capacity for reusability. A single-use Falcon 9 lifts mor…

> No one realistically thought reusable rockets were impossible or even infeasible.

Not addressing the point of my comment here ^, but why didn't anyone else do it if it was feasible and possible? And how long would it have taken an agency like NASA to actually start and complete the project?

> Keep in mind the Space Shuttle (a reusable rocket) had been flying for thirty years before Space X landed a Falcon 9.

Wasn't the space shuttle a glider with rockets strapped to the bottom? It was not a reusable rocket, it was a reusable shuttle.

> Space X has done cool things but they are iterative developments. Well, everything in the human existence is an iterative development, so I don't understand what you're trying to say other than to downplay other peoples' accomplishments.

https://youtu.be/mY-fSnKTLqw?t=111 <-- anyone could do it if they felt like it, right?

Re: Elizabeth Holmes found guilty

#933
post #915

Earlier quoted context omitted.

I got conned by pump and dump stock scam. The perpetrators got sentenced to 5 years. I was amazed to get a restitution check in the mail. I hope to be smarter next time.

Wow, that is amazing! What portion of your investment was returned? You don't have to say the actual amounts if you don't want, but I'm curious about whether you got 1/10, 1/2, or all of your investment back.

Actually, all of it! (It wasn't a large amount, though.)

Re: Elizabeth Holmes found guilty

#934

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…

That's hilarious and cool. You got a list of desirable brands? Off the top of my head I can only think of Enron, Lehman Brothers and Theranos.

Juicero!

Re: Elizabeth Holmes found guilty

#935

Earlier quoted context omitted.

I'm sure the author has no business relationship at all with Theranos and merely knows her socially . Plausible deniability is useful in this kind of situation.

My main point from above: > I do get frustrated seeing these sorts of vague cynical quips levying *specific* accusations based more upon a gut plausibility of a scenario rather than a clear outline of information.

We got it and I couldn’t possibly agree more if you didn’t obnoxiously cut and pasted the same criticism for every subsequent message that failed to satisfy your standards. Sometimes people don’t get our point, so we just move on

Re: Elizabeth Holmes found guilty

#936
post #789

Earlier quoted context omitted.

> She only pauses in her work to run — seven miles a day. -- Laura Arrillaga-Andreessen, yes that Andreessen, writing in the New York Times Magazine about Visionary Tech Entrepreneurs with, um, no conflict of interest whatsoever I'm sure. Turns out Palantir's Alex Karp was also "harnessing goodness through technology." No idea how she missed Adam Neumann. https://www.nytimes.com/interactive/2015/10/12/t-magazine/el..…

I think you ought to actually explain the conflict of interest. I'm trying to find a clear connection between Theranos and Andreessen-related investments. I can't find evidence of an actual investment in Theranos. I'm not trying to dismiss you -- your theory[^1] could very well be totally right and there truly was a conflict [my duck-duck-go-ing skills only go so far]. And yeah, perhaps a person married to a wealthy…

>based more upon a gut plausibility of a scenario rather than a clear outline of information.

What meets your threshold for a conflict of interest? Maybe I'm being too harsh, but this seems to meet my personal threshold.

It's like if a politician heads a committee that has large sway in government contracts and they are close to someone who happens to invest in companies that bid on those contracts. It's easy to see a conflict exists even if a straight-line to a crime does not. Ethics often boils down to managing these conflicts so there isn't even a perceived avenue for impropriety. A politician breaches ethical boundaries irrespective if there’s unequivocal evidence they let the relationship impact their decision. There does not need to be a smoking gun.

Re: Elizabeth Holmes found guilty

#937

Earlier quoted context omitted.

> I am a collector of swag from large companies that have collapsed due to anything from mismanagement to outright fraud That's a really cool collection! I always find it interesting to learn what obscure things folks collect. > any authentic Theranos gear How do you tell if it's authentic? If I was a collector in this area, my big concern would be that especially given that the market is hot, someone could just look…

>I always find it interesting to learn what obscure things folks collect. A buddy of mine has a similar fascination with picking things up from defunct companies, specializing in film/video post production companies. One of the items he picked up was a standard banker's box. Inside were a pile of CD-Rs which turned out to be the entire digital back up of an unfinished 3D animated feature. The entire recordings of the…

> Even though the work product was purchased from the bankruptcy auction, the copyright was still owned by the creators and could not be rendered/released just because they bought a box in auction for $20.

Does the first-sale doctrine not apply here?

https://en.wikipedia.org/wiki/First-sale_doctrine

Re: Elizabeth Holmes found guilty

#938

Earlier quoted context omitted.

B.S. and fraud are two different things though. BS in the startup world is commonplace, but not fraud.

What's the difference? Aren't both knowingly lying to affect an outcome?

There's a difference between optimistically saying "Everyone is going to want our super expensive juice maker!" versus telling investors that you have built 1,000 functional juice makers when in fact the juice makers don't work.

The former is an optimistic projection of demand. It's not a lie if it turns out not to be true, since it's a prediction. The latter is a lie: it's telling somebody something that is objectively and unambiguously false.

Re: Elizabeth Holmes found guilty

#939

Earlier quoted context omitted.

> I doubt Kissinger or the people around him want the last of his legacy to be punctuated by Theranos. I doubt the world's most notorious unprosecuted war criminal would have his reputation tarnished by advising a fraudster.

Believe it or not, there are plenty of people who think well of him. I don't happen to be one of them, but not everyone views his actions through the same lens. Also his de-escalation of tensions with the Soviet Union overshadows a lot of the other stuff for many people. He was a horrifically adept player of the realpolitik game, and for some people the awful acts that came with that game are just the necessary costs…

A lot of historians seem to see Kissinger as more the guy who thought of himself as 'horrifically adept', than the guy who actually was.
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