Prototype of American drama "Dropout"
Synopsis: elizabeth holmes was once called "the next Jobs". With a new technology that can be tested immediately with only a small amount of blood, she has been invested by many celebrities. But in fact, neither she nor the company could realize this technology, so Elizabeth began to fake it and introduced a blood test machine that provided wrong data. Finally, the scam was exposed and Elizabeth was accused, but she refused to plead guilty and may be sentenced to 20 years in prison. ...
Story prototype:
Holmes founded Theranos Company in Palo Alto, California with a sum of money saved in college. She has been the subject of long-term special reports in San Francisco Business Times, Wall Street Journal and Wired magazine. However, recently, Fortune magazine reported that Theranos had raised more than 400 million dollars, which valued the ten-year-old company as high as 9 billion dollars. Investors in the company include De jie feng, ATA Ventures and Larry Ellision, the founder of Oracle Bone Inscriptions. Holmes told Fortune that she still owns more than 50% of Theranos. The company has not yet responded to the report. Although an investor of Theranos was restricted by the confidentiality agreement, he said that the valuation of this financing was very high.
However, it is this "Goddess of Blood" who is very popular. In Forbes magazine's latest evaluation of entrepreneurs' net worth, her net worth was reduced to zero. Theranos's problem was first exposed by the Wall Street Journal at the end of 20 15, and then became the focus. At that time, it was reported that the company's tests did not form accurate results, and most of its blood tests were not carried out by Theranos' own equipment, and the company was still trying to cover up this fact. More senior employees of the company broke the news that the instruments used by Theranos can only carry out 15 routine testing. Since the news came out, Theranos has never explained clearly to the outside world how the test was conducted or how to provide data to support this process. Since the publication of the report, this company, once valued at $9 billion, has lost its core business, closed one of its two laboratories, and has been caught in a constant stream of investigations and various lawsuits by government agencies for a long time. Holmes faces a two-year ban on blood testing. Regarding the move to reduce Holmes' personal net worth to zero, Forbes magazine explained that Holmes' wealth is entirely based on her 50% equity in Theranos, but the valuation of this part of the equity has been greatly reduced due to the questioning of Theranos' diagnosis and treatment effect. After talking with dozens of venture capitalists and industry experts, Forbes concluded that Theranos' valuation was only $800 million, mainly based on some patents of the company and previous financing of $724 million. If converted into shares, Holmes, who owns 50% of the company's common stock, still ranks behind the preferred shareholders, so Holmes's shares are almost worthless.
65438, 2022 10/4 A jury in the United States ruled on Monday local time that the popular elizabeth holmes was guilty of conspiracy to defraud investors. Previously, it attracted a lot of investment because it claimed that the company's technology could realize "blood drop detection of cancer". It is understood that Elizabeth was charged with 1 1 this time, of which four were found guilty and four were not found guilty, and the jury could not make a decision on the other three charges. According to American lawyers, unless Elizabeth can overturn the charges on appeal, she will face up to 20 years in prison. However, due to the precedent of such cases and Elizabeth's lack of criminal record, she just became a mother at the age of 38, and her final sentence may be far less than 20 years.