// STARTUP COMPARISON
Theranos fraud vs Theranos
Theranos fraud failed in 2018 due to Fraud. Theranos failed in 2018 due to Fraud. Both failed for the same reason — Fraud.
| METRIC | 🔥 Theranos fraud | 🔥 Theranos |
|---|---|---|
| Sector | Biotech | Biotech |
| Country | USA | USA |
| Founded | 2003 | 2003 |
| Died | 2018 | 2018 |
| Raised | $945M | $945M |
| Peak | $9B | $9B valuation |
| Primary Cause | Fraud | Fraud |
// WHY EACH FAILED
🔥 Theranos fraud
Fraud
See theranos entry.
// LESSON
See theranos entry.
See theranos entry.
🔥 Theranos
Fraud
Theranos failed because its Edison blood-testing device never worked. The company raised $945M while falsifying results using conventional machines. A 2015 Wall Street Journal investigation by John Carreyrou exposed the fraud. Elizabeth Holmes was convicted in January 2022 and sentenced to 11 years in prison.
// LESSON
The product must work. "Fake it till you make it" ends at the FDA boundary. No amount of narrative replaces a working device.
The product must work. "Fake it till you make it" ends at the FDA boundary. No amount of narrative replaces a working device.
// EXPLORE FURTHER