What happened at Theranos?
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What Happened: What was Theranos's core claim?
Running many blood tests from a finger-prick drop. The technology didn't work as claimed; founder Elizabeth Holmes was convicted of fraud. Source: Wikipedia – Theranos
Why: Why did it go on so long?
Secrecy, a celebrity board and little expert scrutiny. Prominent backers with little lab expertise and heavy secrecy kept doubts quiet. Source: Wikipedia – Theranos
The Lesson: The lesson?
"Fake it till you make it" fails where safety is at stake. In regulated fields, claims must be proven, not pitched. Source: Wikipedia – Theranos