Elizabeth Holmes is finally presenting her technology to scientists
Before the for loop starts printing out the same beleagured points about Holmes, I think it is important to recognize how many people work hard at Theranos.
The medical indistry has been dodgy as fuck (no excuse) but also technically illiterate. My personal hypothesis is that because America and many other nations require so much education to become a doctor, there is little time to learn about programming/tech.
However, the point is, they made some pretty bad mustakes but this is why we have venture capital. Theranos is 13 years old. It irritates me when outrage manifests as an I told you so. So much has been learned between 03 and now, that to come in at the height of an obvious scandal and pour on like they are building angry birds pisses me off. I hope they succeed.
If Holmes did something horrible and the internals of the company rot out, and the tech fails, that sucks. BUT, I hope VCs still step up and take big bets like this because these are gge ideas that change the world. In fact, if on balance, the company only fails because of bad bysiness and ethical decisions, the outpouring of talent and tech into the space could be great.
tl;dr I would rather try and miss on a big bet, than win on a tiny one.
Found a video of the full presentation, including the surprisingly lengthy Q&A session: