Theranos Dials Back Lab Tests at FDA’s Behest

Re:Theranos Dials Back Lab Tests at FDA’s Behest by peteretep on Friday October 16, 2015 @03:29AM (#10397944)

    > Do you really think VCs would invest $400 million &
    > Walgreens & Cleveland Clinic would do deals with this
    > company, that put people's health at risk & create
    > massive liability, without diligence

Yes.

One way to help yourself swallow a bad decision is to look at all the other people also making it, and convince yourself that if they're doing it, it must be all right.

[ Parent | on HN ]

Re:Theranos Dials Back Lab Tests at FDA’s Behest by monopolemagnet on Friday October 16, 2015 @04:22AM (#10398095)

Investments in companies mostly make money evaporate as a standard practice.

Large-scale investors gravitate towards big risk/big reward ventures which require significant capital because it's saves having to make a zillion angel-scale deals. Plus, it seems sexier with extra-awesome brownie points to go after something which may be r/evolutionary.

PS: Color was a snausage clusterfuck of dbag, hubris behaviors that ruined the team (and the venture). Hopefully, that elicited a corrective learning experience.

[ Parent | on HN ]