Health Tech7 min read
Theranos: The $9 Billion Illusion That Fooled Silicon Valley
Theranos claimed to revolutionize blood testing with a single drop of blood. It raised over $1.4 billion before collapsing in one of the largest fraud cases in startup history.
Palo Alto, California, United StatesFounded 2003Failed 2018$1.4B raised
Lesson: In healthcare, validate your technology with independent third parties before scaling. A prestigious board cannot substitute for working science.