![]() Holmes was great at projecting optimism, even using “extra-ordinary” in her mails to staff, italicising extra and hyphenating for emphasis. ![]() It shows revenue stagnating for a few years and then magically shooting up in a straight line. VCs have a term for startupreneurs overstating forecasts–the hockeystick forecast. Here are some interesting excerpts and tidbits from the book, which reveal the pitfalls of a FOMO-driven culture, the millions it could cost investors and, most importantly, the lives it could put at risk.įaking it had become the norm. The reporter who finally exposed the scam, John Carreyrou, who used to work with The Wall Street Journal, had written an award-winning book Bad Blood published in 2018. ![]() The convicted founder of Theranos, Elizabeth Holmes, and her former partner Ramesh “Sunny” Balwani had managed to con investors and partner companies for years. ![]()
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