If I need to make a movie recommendation for Netflix , I will choose the story of Theranos startup. ( A story of Theranos in on HBO) . For many of us Silicon Valley is considerate to be the Holy Land of entrepreneurship. Silicon Valley is the place where many successful companies were born. Companies like: Google, Apple, Facebook, Airbnb, Tesla are few examples. Silicon Valley is regarded like a place where the success is 100 % guaranteed but reality is completely different, what we see today is the top of the iceberg and the bottom of the iceberg unseen part , where the important thinks are happening. Those companies that I've enumerated are the results of many hours of work, failure, lies and intrigue.
A company that is fitting in this shape is Theranos a company founded by Elizabeth Holmes. Elizabeth Holmes was seen by many as Steve Jobs of women, a college dropout who was dreaming to become entrepreneur. Theranos a biotech company who have created a device that analyze blood samples. Few drops of blood are taking out from a subject and transfer it to plastic cartridge the size of the credit card. The cartridge would slot into a rectangular box the size of the toaster. The box was called reader . It extracted a data signal from the cartridge and beamed it wirelessly to a server that analyze the data and beamed back a result. The technology on the paper was a breakthrough technology that unfortunately dose not work.
The story of Theranos include elements like:
- how to create a product that dosen't work
- hiring the wrong people
- doing things that are not in your area of competencies
- Firing important people and installing a regime of terror among employess
- Financial reports manipulation in hope to raise money
- Misleading investors and spending their money
- Treating employees to not make any disclosure
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