In 2014, blood-testing start-up Theranos and its creator, Elizabeth Holmes, were on cloud nine.
At That Time, Theranos was an innovative concept believed up by a female hailed as a genius who styled herself as a female Steve Jobs. Holmes was the world’s youngest female self-made billionaire, and Theranos was among Silicon Valley’s unicorn start-ups.
Then all of it came crashing down.
The imperfections and mistakes of Theranos’s innovation were exposed, in addition to the function Holmes played in covering all of it up. Theranos and Holmes were charged with huge scams, and the business was required to close its laboratories and screening centers.
Last June, Theranos revealed Holmes was stepping down as CEO, and the Justice Department revealed that a grand jury had actually prosecuted Holmes and previous Theranos president and COO Sunny Balwani for “supposed wire scams plans.” Then, in September, Theranos revealed it prepared to close down for great after it ended up repaying its lenders.
This is how Holmes went from precocious kid, to enthusiastic Stanford dropout, to an embattled start-up creator charged with scams.