$100M Theranos investor did little vetting for fear of upsetting Elizabeth Holmes

$100M Theranos investor did little vetting for fear of upsetting Elizabeth Holmes

3 years ago
Anonymous $np3LcwuhSi

https://arstechnica.com/tech-policy/2021/10/holmes-never-told-100m-investor-of-problems-with-theranos-technology/

Theranos sent a major investor financial projections that were wildly optimistic—perhaps even deceptive—the jury heard yesterday in the criminal trial of company founder and former CEO Elizabeth Holmes. 

Laura Peterson, who oversees investments for RDV Corporation, the DeVos family office, testified that Theranos sent her company forecasts that predicted hundreds of millions of dollars in the very near future.

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