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The story of Theranos challenges the existing paradigms of corporate governance in Silicon Valley in several ways. Firstly, it highlights the dangers of unchecked ambition and the lack of proper oversight. Despite numerous red flags, investors and board members failed to question the validity of Theranos' technology. Secondly, it underscores the importance of transparency. Theranos was notoriously secretive, which ultimately led to its downfall. Lastly, it raises questions about the role of charisma and personal influence in corporate governance. Elizabeth Holmes, the CEO, was able to convince many people of her vision, despite the lack of concrete evidence.
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At the age of ten, Elizabeth Holmes was determined to become a billionaire entrepreneur, an ambition her parents strongly encouraged. To achieve this, she was convinced she had to create technology that changed the lives of people. Stanford became an obvious choice for a bright student with entrepreneurial dreams. With her track record of academic excellence, Elizabeth was admitted to Stanford as a President's Scholar. At Stanford, she took a special interest in Channing Robertson's courses in Chemical Engineering and controlled drug-delivery devices. She also started working at his lab under Shaunak Roy, a Ph.D student of Robertson's.
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Learn why and how a $9 billion dollar company vanished in a few weeks. The story of Theranos is the Silicon Valley equivalent of the Enron scandal rep...
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