Bad Blood by John Carreyrou takes the reader through the incredibly wild journey and demolition of startup company Theranos. Carreyrou writes about this scandal in a way that is utterly captivating. I could not stop talking about this book while I was reading it and hated having to put it down when life got in the way.
Theranos, a startup company founded by Elizabeth Holmes, claimed to be initially building the capability to do and eventually claiming ability to use a single pinprick of blood to do a variety of health tests that would actually require much more blood to do accurately. However, because Theranos amassed a board of impressive, seemingly trustworthy individuals, many who were skeptical chose to let their questions and disbelief slides. The problem? Not many got close enough to see what a huge scam the foundation of the company was based upon. What happened? Theranos was able to con investors and partnered companies out of hundreds of millions of dollars by promising a technology that could not and would not be developed by the company.
When scientists and Theranos employees raised red flags internally, they were strongly suggested to leave the company and forced to sign nondisclosure agreements that made many former employees terrified of speaking about the going ons of Theranos. When employees did speak out, the CEO, Holmes, threatened them with (and sometimes served them with) lawsuits.
Carreyrou, the investigative journalist at the Wall Street Journal who broke the first stories about Theranos being a scam, writes a full book about everything leading up to Theranos becoming the big company that it was, the terror and lies that were occurring within the company, and the beginnings of the unspooling of the company once it was publicly declared to be terrible. Every few pages my jaw dropped with new details that emerged that contributed to the creation and ultimate downfall of this company. This is a nonfiction page turner that you will not want to put down.
Publication Date: 21 May 2018 by Knopf Publishing. Format: Hardcover.
Author: John Carreryrou @twitter