USA TODAY
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10th January 2022
Elizabeth Holmes guilty verdict sends a warning to Silicon Valley. Will investors listen?
Elizabeth Holmes, a Stanford dropout at 19 with a baritone timbre and piercing stare, became Silicon Valley's sweetheart when she convinced wealthy investors she could revolutionize blood testing and promised Americans that their medical lives would be changed forever.
After over $900 million of investments from wealthy donors, falsified blood tests, felony charges in 2018, and a guilty verdict four years later, the promises from the former Theranos CEO fell flat on their face in the public eye.
But in Silicon Valley, where most startups fail and the mantra of “fake it till you make it” is gospel, it remains to be seen whether tech investors and entrepreneurs will change their risky habits following Holmes' conviction.