Download and customize hundreds of business templates for free
Startups can learn several lessons from the downfall of Theranos. Firstly, honesty and transparency are crucial. Theranos was heavily criticized for misleading investors and the public about their product's capabilities. Secondly, corporate governance and oversight are essential to prevent unethical practices. Theranos' board was criticized for not having enough members with a medical or scientific background who could have questioned the company's claims. Lastly, startups should ensure their products meet industry standards and regulations before they go to market. Theranos' downfall was largely due to the fact that their blood testing technology was not as reliable or accurate as they claimed.
Question was asked on:
This incident shocked Avie and he began to review the Theranos documents he had. He found glaring inconsistencies and constant staff turnover. When Avie took it up with Don, the board Chairman, Don told him to consider resigning. Shaunak Roy was planning to sell his founder's shares back to Elizabeth. Avie realized that the shares were being sold at an 82 percent discount compared to the last fundraising round. He decided to buy them. Soon, Theranos threatened Avie with a lawsuit. On second thought, Avie decided he did not want to own more of the company given what he knew about it. He wrote one last letter to Don urging him to tell the other board members about the issues with Theranos and resigned.
Asked on the following book summary:
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...
Download and customize hundreds of business templates for free
Need to showcase the year's achievements? Our Annual Report collection provides customizable slides that can be used for any business need. It includes slides for growth and market share, product portfolio, revenue breakdown, sales summary, income versus expenses, sustainability highlights, and many more.
Unsure how to allocate your resources? Budget planning is a powerful tool to manage spending habits and take more control of where money flows. Our Budget Planner collection provides customizable templates for any business planning needs. It includes slides for quarterly and monthly budget tables, budget summaries, budget versus actual, budget breakdown, Sankey financial chart, plus many more.
Do you find it hard to appease investors? Our Investor Report presentation provides the most important talking points in front of board members and stakeholders and allows the investor relations team to highlight recent wins and secure future support.
What are the tactics that brands can utilize to effectively win over customers? Explore all facets of brand strategies with this presentation template that guides you through how to craft the optimal brand image and tell a story that combines existing business strengths with growth goals.