Book Reviews: Bad Blood

Bad Blood
by John Carreyrou

This is a real life thriller written by a Wall Street Journal investigative reporter who was one of the first people in the media to puncture the lies and bovine excrement put out by Elizabeth Holmes and Sunny Balwani about their startup company Theranos. Theranos wanted to become famous for revolutionizing blood testing and laboratory science. Theranos' claim to fame was proprietary finger prick technology devices that were supposed to be able to test for hundreds of different diseases from very tiny blood samples. The results could then be wirelessly and securely transmitted to a patient's doctors. The idea was that by using this process, everyone would save time and expensive lab space. Additionally people who didn't like going into doctor's offices or labs for venous blood draws would be more likely to use the finger prick devices. 

And most importantly by catching diseases or conditions far earlier than anyone else, Theranos would be saving lives across the world. As an investor wouldn't you like to get in on the ground floor of a company like that? Why sure you would! It would be akin to being in at the beginning of Facebook, Amazon, Netflix,  Instagram, Microsoft, or Apple-the startup company closest to Holmes' heart. Holmes consciously modeled herself after Apple co-founder Steve Jobs, copying Jobs' black turtlenecks , his self-important quotes and even his deep voice. Holmes tried to pitch her normal alto down to the male tenor or even baritone range. This sounded utterly ridiculous,. 

It was particularly noticeable on the occasions when Holmes couldn't keep up the fakery or relaxed and forgot to speak in the male range. I guess no one ever called Holmes on it because her peers and investors didn't care what she sounded like as long as she dangled the possibility of millions or even billions in front of them. And Holmes' subordinates or employees learned very quickly that annoying, irritating, or mocking Holmes wasn't very healthy. Holmes and especially her number two, and lover, Balwani ran Theranos via pure intimidation. More on that in a minute. Arguably they had to run the company via intimidation because very little of Theranos' product worked. When things didn't work Holmes didn't come up with new ideas or new products. No. She lied. She faked tests. She hid results from regulators.