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Wednesday, May 20, 2026

Meanwhile, At Stanford: "What A.I. Did to My College Class"

From the New York Times, May 17:

By Theo Baker
Mr. Baker is a college senior and the author of “How to Rule the World: An Education in Power at Stanford University.” 

At Stanford University, where I am a senior, tech chief executives are something like rock stars. When the Nvidia founder Jensen Huang showed up to give a guest lecture late last month, students mobbed him. They offered up their laptops and personal workstations, desperate for a signature from a kingpin of the artificial intelligence era. Last year, speaking to the same class, Mr. Huang gave out shining $4,000 graphic cards with his name autographed in gold ink — the ultimate dorm room status symbol.

Stanford has always been a haven for aspiring techies, but recent events have taken the school into uncharted territory. A.I. is everything. We talk about it at the dining halls and in history classes, on dates and while smoking with friends, at the gym and in communal dorm bathrooms. Nearly all of higher education has been overtaken by this technology, and Stanford is a case study in how far it can go. For the past four years, my classmates and I have been the subjects of a high-stakes experiment.

We are the first college class of the A.I. era — ChatGPT arrived on campus about two months after we did. When we graduate next month, this technology will have altered our lives in very different ways. For some, it has opened the door to staggering wealth. But for many who came to Stanford — just four years ago! — when a degree seemed like a guaranteed ticket to a high-paying job, the door has been slammed shut. For all of us, A.I. has permanently changed how we think and behave.

Stanford already had a shaky reputation for integrity when I arrived in 2022. It was the origin place of the Theranos fraudster Elizabeth Holmes (now serving a 10-year prison sentence), the crypto fraudster Do Kwon (now serving a 15-year prison sentence) and the founders of Juul (which was forced to pay billions for getting kids hooked on vapes). All of these scandals were in the news when freshman year began. Many of my classmates arrived idealistic and hopeful, but among the strivers seeking a path to fortune, hustle culture was the accepted way of life. Now A.I. has made deception easier and more remunerative than ever before.

Cheating has become omnipresent. I don’t know a single person who hasn’t used A.I. to get through some assignment in college, yet the school was at first slow to realize how widespread this would become. As freshman year went on, some professors suggested that the “nuclear option” might be called for: allowing faculty to proctor in-person exams, a practice banned at the university for over a century to demonstrate “confidence in the honor” of students.

In our tech-enabled, newly A.I.-powered world, students were increasingly fudging just about everything. They would embezzle dorm funds to spend on their friends and lie about having Covid to get the UberEats credits that the school offered to those in quarantine. Some kids I knew published a paper that claimed a groundbreaking new A.I. advancement. Online sleuths quickly pointed out that it appeared to be just a stolen Chinese model, to which the two Stanford co-authors responded by blaming the plagiarism on the third author.

In junior year, 49 percent of the 849 computer science majors who responded to an annual campus survey said they would rather cheat on an exam than fail. A friend of mine captured the school’s ethos while we were discussing the tech hardware and other items our student club neglected to return to corporate sponsors. It was all, I recall her saying, “just a little bit of fraud.”

About halfway through freshman year, some coding classes started requiring students to sign a declaration — “I did not utilize ChatGPT” — to submit each assignment. During the first term these attestations began to appear, I watched a freshman I knew sign the declaration that he’d done his homework without A.I. as ChatGPT was still open in the next window — while on the deck of a yacht party financed by venture capitalists. The incentive structures were not aligned toward honesty. One could get ahead, quickly, by cutting corners, by focusing on self-presentation.

The money is a big part of it. A.I. has merely accelerated a trend that was already underway at Stanford and has been reflected by many of the country’s most corporatized universities: Education itself can be seen as a secondary goal to enabling future success, frequently defined as a future windfall.

The first time our college class gathered together was for a convocation ceremony in late September 2022. As one of the speakers droned on, I remember looking around and seeing a number of my classmates slumped over in the shade, dozing off. One of those kids is going to become a billionaire soon, it occurred to me. I wondered who it would be, and how.

At first the answer seemed to be cryptocurrency, and then it was A.I.

Most of my friends remember where they were and what they were doing when ChatGPT came out on Nov. 30, 2022. I was nearing the end of my time in Stanford’s infamous computer science “weeder” course, CS107. Like organic chemistry for pre-meds, this was the class that filtered out the true coders from those without the requisite hustle (with lots of shameless public tears involved).

The velocity of change that began on the day ChatGPT entered our lives was stunning. A friend texted me a link to the research preview of OpenAI’s latest demo: “Have you seen this yet? It’s INSANE.” We began kicking around silly prompts, reveling as ChatGPT explained the bubble-sort algorithm “in the style of a fast-talkin’ wise guy from a 1940s gangster movie.” It’s “very good. Very very good,” I messaged my friend. Still, neither of us understood that this would mark the transformation of A.I. from a technology to a product.

Students were probably the earliest wide-scale adopters. After all, it was far and away the quickest route to an A. When I took CS107, the only viable way for people to cheat was to seek out a student who’d gone through the class before and beg for solutions to the notoriously difficult problem sets. There was no alternative to putting in a large amount of work. Even if one did obtain the answers from another student (engaging, by the way, in a social act, if nothing else), the students I knew who did this still spent hours sculpting their stolen code so as not to be caught....

....MUCH MORE 

As noted introducing September2023's "Fiduciary Investors Symposium at Stanford: Brain Research Is Opening investable Commercial Opportunities"

I don't know if it is going to work out as well as 2013's "Why Is Machine Learning (CS 229) The Most Popular Course At Stanford?"—which was followed by 2014's Deep Learning is VC Worthy—which was followed by 2015 to date "Saaaay, this Nvidia may be on to something."

But we shall see....

So it's a bit [!] surprising that the folks at the Stanford Institute for Human-Centered Artificial Intelligence (HAI) didn't see this coming. They did however, point out in the 2023:

 Stanford Uni. AI Index Report 2023: "Measuring trends in Artificial Intelligence"

...Industry races ahead of academia.
Until 2014, most significant machine learning models were released by academia. Since then, industry has taken over. In 2022, there were 32 significant industry-produced machine learning models compared to just three produced by academia. Building state-of-the-art AI systems increasingly requires large amounts of data, compute, and money, resources that industry actors inherently possess in greater amounts compared to nonprofits and academia. 

And although not related to the opinion piece, if one is so inclined we have on offer:

Stanford University's 2026 AI Index Report

Friday, March 13, 2026

Venture Capital: "Why Tim Draper is outsourcing himself to AI"

I hope this turns out better than the time Ray Dalio tried to upload his brain at Bridgewater.*

From PitchBook, December 24, 2025: 

The billionaire VC is testing digital twins to scale founder meetings—exposing both the promise and the limits of AI-powered venture capital. 

Tim Draper is a busy guy.

The 67-year-old longtime venture capitalist and billionaire’s days are often scheduled down to the minute. He’s accustomed to working long hours, but to stretch himself even beyond the finite time in a day, Draper now has a digital twin (several of them, actually) to help him meet with countless entrepreneurs.

“Every tool has benefits and drawbacks, and, in my mind, the benefits way, way outweigh the drawbacks,” said the real Tim Draper of his digital twins. “There are a lot of people who have trouble with innovation, and they just want the world the way it is. They’re just content. But, I am an innovator, and I like trying new things, and this is a new thing, and it’s a new way of looking at venture capital.”

Digital twins are an emerging AI-powered technology that creates virtual representations of a person via text, voice and video formats. Draper has a chatbot twin accessible to anyone on the internet, along with an accompanying voice version designed to facilitate real-time conversations with startup founders.

Naturally, I had to try the chatbot. I posed as a fledgling founder pitching an AI infrastructure startup that would bolster news stories with accurate, expert sources.

The first thing it did was make clear that it couldn’t “make investments or give specific investment advice.”

https://pitchbook.brightspotcdn.com/dims4/default/5fc2229/2147483647/strip/true/crop/1065x748+0+0/resize/2130x1496!/format/webp/quality/90/?url=https%3A%2F%2Fk2-prod-pitchbook-prod.s3.us-east-1.amazonaws.com%2Fbrightspot%2Fd2%2Ff0%2F4d3b57d24beb9667cc29b51ecd9e%2Ftim-draper-digital-twin-1.png 

This article appeared as part of The Weekend Pitch newsletter. Subscribe here

The real Draper stressed to me that digital twins, still in their early days, are imperfect and the technology isn’t always reliable. Case in point: The voice version, designed to simulate a phone call with Draper, malfunctioned during my conversation with it. The twin gave a brief introduction and asked how it could help, before freezing up and delivering an error message.

Draper later called the software “flaky,” adding that the team is ironing out kinks. There are five active digital twins, built for external and internal purpose....

....MUCH MORE 
*If interested see:
And Previously on DraperVision:
Sometimes they flop themselves right back into the water, but that's not the way to bet....
...World’s Most Loyal V.C. Says Theranos Critics Are Just Haters
Tim Draper goes to bat for Elizabeth Holmes.
 *Not to be confused with Sherpa's Shervin Pishevar who we met in  2016's "Silicon Valley Wants to Fund California's Secession, #Calexit":
The secessionist, Mr. Pishevar, is a co-founder and MD of Sherpa Capital who own Munchery (early, A, B, C) Airbnb (D round) Uber (D, E) and Beepi, ipsy, Shyp and Expa.
They seem to have avoided Bitly, Borkly, Barnly, Molestly, Strinkingly, Happily, Crappily, Maply, Morply, Dottly, Dootly, Godly and Angrily.
(all real startups) 

Unfortunately Sherpa investee Washio-the Uber for washing clothes-has already folded (see what I did there?)...

...If the federal government lost access to California’s 39-million-person tax base, it would presumably grow uncomfortable.

And California, in particular, is a dangerous state to lose. California is a top crop producer; there’s Hollywood, there’s plenty of marijuana, there’s a massive tourism industry....MORE 
Roger that, the ole "You'll miss us when we're gone" pitch, over.

Who gets the Bitly, Borklys in the divorce?
And the stoned tourists lost in Hollywood?
I am no longer invited to the Sand Hill Road Holiday parties.
Ditto for half the state of Connecticut.  

Monday, December 1, 2025

"How big tech is creating its own friendly media bubble to ‘win the narrative battle online’"

I am unsure about both the veracity and the spin on this story but it fits with some previous observations, links below. 

From The Guardian, November 29:

At a time when distrust of big tech is high, Silicon Valley is embracing an alternative ecosystem where every CEO is a star

A montage of Palantir’s CEO, Alex Karp, and waving US flags set to a remix of AC/DC’s Thunderstruck blasts out as the intro for the tech billionaire’s interview with Sourcery, a YouTube show presented by the digital finance platform Brex. Over the course of a friendly walk through the company offices, Karp fields no questions about Palantir’s controversial ties to ICE but instead extolls the company’s virtues, brandishes a sword and discusses how he exhumed the remains of his childhood dog Rosita to rebury them near his current home.

“That’s really sweet,” host Molly O’Shea tells Karp.

If you are looking to hear from some of tech’s most powerful people, you will increasingly find them on a constellation of shows and podcasts like Sourcery that provide a safe space for an industry that is wary, if not openly hostile, towards critical media outlets. Some of the new media outlets are created by the companies themselves. Others just occupy a specific niche that has found a friendly ear among the tech billionaire class like a remora on a fast-moving shark. The heads of tech’s largest companies, including Mark Zuckerberg, Elon Musk, Sam Altman, Satya Nadella and more, have all sat for long, cozy interviews in recent months, while firms like Palantir and Andreessen Horowitz have branched out this year into creating their own media ventures.

At a time when the majority of Americans distrust big tech and believe artificial intelligence will harm society, Silicon Valley has built its own network of alternative media where CEOs, founders and investors are the unchallenged and beloved stars. What was once the province of a few fawning podcasters has grown into a fully fledged ecosystem of publications and shows supported by some of the tech industry’s most powerful.

While pro-tech influencers like podcast host Lex Fridman have for years formed a symbiotic relationship with tech elites like Elon Musk, some firms have decided this year to cut out the middleman entirely. In September, the venture capital firm Andreessen Horowitz announced that it had launched an a16z blog on Substack. One of its prominent writers, investor Katherine Boyle, has a longstanding friendship with JD Vance. Its podcast has meanwhile grown to more than 220,000 subscribers on YouTube, and last month hosted OpenAI’s CEO, Sam Altman, who counts Andreessen Horowitz as a major investor.

“What if the future of media isn’t controlled by algorithms or legacy institutions, but by independent voices building directly with their audiences?” the firm wrote in its Substack announcement. The firm once invested $50m in the digital media upstart BuzzFeed with a similar vision, only to see it fall into penny stock territory.

The a16z Substack also announced this month that the firm was launching an eight-week new media fellowship for “operators, creators, and storytellers shaping the future of media”. The fellowship includes collaborating with a16z’s new media operation, which it describes as being made up of “online legends” creating a “single place where founders acquire the legitimacy, taste, brandbuilding, expertise, and momentum they need to win the narrative battle online”.

In addition to a16z’s media effort, Palantir launched a digital and print publication earlier this year called the Republic that mimics academic journals and thinktank-style magazines like Foreign Affairs. The journal is funded by the Palantir Foundation for Defense Policy and International Affairs, a non-profit of which Karp is the chair, though he only works there 0.01 hours per week, according to 2023 tax filings.

“Far too many people who should not have a platform do. And there are far too many people who should have a platform but do not,” states the Republic, which has an editorial team made up of senior Palantir executives.

A sampling of the articles the Republic has published includes an essay arguing that US copyright law restrictions will prevent US AI dominance and another from two Palantir employees on how Silicon Valley working with the military is good for society, a point Karp has himself made many times.

The Republic joins a burgeoning set of pro-tech publications like Arena magazine, which was founded late last year by the Austin-based venture capitalist Max Meyer. The outlet takes its motto, “The New Needs Friends”, from Disney’s film Ratatouille.

“At Arena, we don’t cover ‘the news.’ We cover The New,” a letter from the editors stated in its inaugural issue. “Our mission at Arena is to cheer on the people who are, slowly but surely – and sometimes very quickly! – bringing the future into the present.”....

....MUCH MORE 

If interested see:
Media and Tech: "The Unauthorized Story of Andreessen Horowitz"

...Following on the three stories immediately below:

here is the first of three flashbacks, this one originally linked in January 2021.

And:  Andreessen Horowitz and the Media: Yikes! (COIN) "Inside the nasty battle between Silicon Valley and the reporters who write about it."

Here Mr. A. is enabled by the media:
Nov. 2016
Marc Andreessen Speaks: "Flying cars are closer than you think"
And speaks, and speaks...
You know how he is....

May, 2015 
Marc Andreessen In the New Yorker:
13,000+ words.
Oct. 2014 
New York Magazine's Million Word Interview With Mark Andreessen
It's not really a million words but man-o-mandingo the guy likes to talk. 

And Nov. 2022: With Theranos and Elizabeth Holmes In The News, Here's A Piece Laura Arrillaga-Andreessen Wrote For The New York Times   

Turning the microscope the other way: 

FTX/Bankman-Fried: When Outlets As Disparate As The Spectator and Vanity Fair Call For A Media Reckoning You Know Something's Up

Here's Tablet Magazine's description of Bankman-Fried's direct efforts to influence media:

.....Over the past two years, Bankman-Fried cultivated the media lavishly, if not carefully. Drawing on what then seemed like an unlimited pool of cash, SBF (as we’ll call the mythologized version of the real person) dispersed investments, advertising dollars, sponsorships, and donations to key news outlets—including ProPublica, Vox, Semafor, and The Intercept—with extraordinary effectiveness.....

Finally, from March 2023:
"A fake news frenzy: why ChatGPT could be disastrous for truth in journalism"
The Guardian is concerned about Truth In Journalism.

***** 

....The most worrying fact to be reiterated is that ChatGPT has no commitment to the truth. As the MIT Technology Review puts it, large language model chatbots are “notorious bullshitters”. Disinformation, grifting and criminality don’t generally require a commitment to truth either. Visit the forums of blackhatworld.com, where those involved in murky practices trade ideas for making money out of fake content, and ChatGPT is heralded as a gamechanger for generating better fake reviews, or comments, or convincing profiles.... 

***** 

It was at this point I started laughing. 

That line "...has no commitment to the truth." followed by “notorious bullshitters” reminded me of a story in the Guardian in 2018.

They employ someone called Luke Harding who [co-]wrote a story that ran in the paper on Tue 27 Nov 2018 09.23 EST. Going on five years ago:

Manafort held secret talks with Assange in Ecuadorian embassy, sources say 
Trump ally met WikiLeaks founder months before emails hacked by Russia were published

Donald Trump’s former campaign manager Paul Manafort held secret talks with Julian Assange inside the Ecuadorian embassy in London, and visited around the time he joined Trump’s campaign, the Guardian has been told.

Sources have said Manafort went to see Assange in 2013, 2015 and in spring 2016 – during the period when he was made a key figure in Trump’s push for the White House.

In a statement, Manafort denied meeting Assange. He said: “I have never met Julian Assange or anyone connected to him. I have never been contacted by anyone connected to WikiLeaks, either directly or indirectly. I have never reached out to Assange or WikiLeaks on any matter.” It is unclear why Manafort would have wanted to see Assange and what was discussed. But the last apparent meeting is likely to come under scrutiny and could interest Robert Mueller, the special prosecutor who is investigating alleged collusion between the Trump campaign and Russia....

....MUCH MORE

The thing to remember, for our readers who were going on about their lives rather than trying to figure-out a money-making angle in that day's headlines, was that what Harding, his editors and the Guardian claimed was impossible.

At the time the story was published the Ecuadoran Embassy in London was the most surveilled building in the world. The British had it staked out, both MI5 and MI6 were keeping tabs on who was coming and going, the Australians were down the block, the Americans had a plan for a CIA assassination team to supplant the watchers [Yahoo broke that story], Russia was there, I'm guessing Israel and maybe China too. The spooks were tripping over each other there were so many different groups.

And none of them saw what Harding reported.

The Ecuadorans didn't detect Manafort entering their embassy, no reports of sounds emanating from the sewers as a rather chonky Manafort made his subterranean way in, there were no articles about parachute drops/vertical insertions reported by the dozen or so media types that would come round to see if they could rustle up a story—though we did see this scoop from American public radio: 
 
There were police on the scene, quite a few actually. In 2015 the Telegraph reported:
Julian Assange's three-year stay in Ecuadorean embassy has cost taxpayer £11.1m
Three years ago the WikiLeaks founder fled bail and sought asylum in Ecuador - resulting in millions being spent on policing the embassy
But none of these, what may have been hundreds of watchers, saw what Luke Harding reported.
And to this day the Guardian has not corrected or even appended an editor's comment to the reporting.
 
If patient and long-suffering is interested, here is Mr. Harding as he "explains why he believes the Trump-Russia dossier is not ‘fake news’."
 
Maybe just "to hell with all of them." 

Saturday, May 10, 2025

"Elizabeth Holmes’s Partner Has a New Blood-Testing Start-Up"

From the New York Times, May 10:

Billy Evans has two children with the Theranos founder, who is in prison for fraud. He’s now trying to raise money for a testing company that promises “human health optimization.”

Elizabeth Holmes is in prison for defrauding investors through her blood-testing company, Theranos. In the meantime, her partner is starting one of his own.

Billy Evans, who has two children with Ms. Holmes, is trying to raise money for a company that describes itself as “the future of diagnostics” and “a radically new approach to health testing,” according to marketing materials reviewed by The New York Times.

If that sounds familiar, it’s because Theranos similarly aimed to revolutionize diagnostic testing. The Silicon Valley start-up captured the world’s attention by claiming, falsely as it turned out, to have developed a blood-testing device that could run a slew of complex lab tests from a mere finger prick.

Mr. Evans’s company is named Haemanthus, which is a flower also known as the blood lily. It plans to begin with testing pets for diseases before progressing to humans, according to two investors pitched on the company who spoke on the condition of anonymity because they had agreed to keep the plans secret. Mr. Evans’s marketing materials, which lay out hopes to eventually raise more than $50 million, say the ultimate goal is nothing short of “human health optimization.”

A photo provided to potential investors of the start-up’s prototype bears more than a passing physical resemblance to Theranos’s infamous blood-testing machine, variously known as the Edison or miniLab. The device that Mr. Evans’s company is developing is a rectangular contraption with a door, a digital display screen and what the investor materials describe as tunable lasers inside.

Haemanthus says its device will test blood as well as saliva and urine....

....MUCH MORE

Earlier today we visited another Billy, Billy McFarland in "Now It Can Be Yours: Fyre Festival Brand And Other Intellectual Property For Sale".

Sunday, March 30, 2025

"Are We Under-Bubbled?"

From The New Atlantis, Spring 2025 

Why the future needs more people willing to be duped  

For Byrne Hobart and Tobias Huber, partners at the tech investment firm Anomaly, a financial bubble is the closest that human beings can get to spooky action at a distance. Their provocatively titled new book Boom: Bubbles and the End of Stagnation aims to make the case that the visionary cascades, which almost always end in collapse, are on balance actually good. A few massive successes, in their argument, more than pay for the short-term rise and falls. Bubble dynamics are marked, the authors write, by “definite optimism.” Bubbles, at their best, are a mechanism for trust and collaborative action. Major technological breakthroughs of the past century would have been impossible without them.

The several definitions of bubbles provided in the book don’t leave a reader totally clear on what counts as one. While in general use a “bubble” often has a fraud at its heart, for the authors it doesn’t have to. It can even involve an endeavor as tightly coordinated and official as the Manhattan Project. They offer little discussion of conventional bubbles like the Dutch tulip mania or the blood-testing fraud Theranos.

Instead, what the reader gets is an inside view of belonging to a growing bubble, and of what good the authors think society and the individual can derive from these moments of intense collaboration. Participating in a bubble can feel like being in on a secret, belonging to a sworn confederacy whose actions reinforce each other. Hobart and Huber see “a belief system oriented toward self-reference and self-fulfillment” as core to a bubble’s dynamic. Epistemic closure is a feature, not a bug, as long as you’re closing ranks around some not-yet-widely-appreciated truth. The insular nature of the bubble gives members the chance to abandon persuasion and focus on living out the consequences of their possible insight — for better or for worse.

If the reading experience of Boom seems a little deliberately alienating — in stark contrast to Stripe Press’s beautiful, pick-me-up construction of the physical book — perhaps that’s the authors imposing a “you must be this crazy to enter” filter of their own. Before readers get to consider the authors’ case for bubbles, they’ll need to get through lengthy recriminations over the end of the Bretton Woods monetary system and the rise of fiat currency. Hobart and Huber care deeply about inflation as a risk inhibitor — they feel that a world where money loses value moment to moment leads to a general devaluation of and disinvestment in the future.

A nation of calm, prudent index fund investors (guilty!) is limiting what the authors see as the proper flow of money and talent toward the projects that reshape the world. Hobart and Huber aren’t interested in breakthroughs by a lone genius. They are interested in the achievements that require many different people, operating with limited communication and little coordinating authority, pouring time and treasure into a project that requires them all to keep faith. A bubble, as they see it, is a way of meeting in the cooperate–cooperate cell of a prisoner’s-dilemma matrix.

Hobart and Huber identify Moore’s Law as an example of a straightforwardly positive bubble that required this sort of solidarity to stay true. Gordon Moore, the co-founder of Fairchild Semiconductor and Intel, noted in 1965 that the number of transistors on an integrated circuit doubled about every year and a half, and that he expected this trend to continue. His industry took his claim and reified it to a law. Software makers planned projects that presumed that chips would continue to increase in potency and decrease in price. Chip manufacturers pushed past the present state of the art, trusting that their customers would innovate in a way that required better than the current best.

If it hadn’t been for Moore’s pronouncement, progress might have been more halting. It takes a certain appetite for risk to build something your customers do not yet know to desire....

....MUCH MORE

If interested see also December 2024's William Janeway: "Productive Bubbles".

The railway mania of the 1840's is often pointed to as a productive bubble. We have on offer:

New York Fed's Crisis Chronicles: Railway Mania, the Hungry Forties, and the Commercial Crisis of 1847

The Time Charles ('Popular Delusions...') MacKay Thought 'This Time it's Different' 

Winton on the Railway Mania 

"This time is different: An example of a giant, wildly speculative, and SUCCESSFUL investment mania"

"The World Speculation Made"

Finally, as Adam Smith put it in his book on the 'sixties bull market, The Money Game:

“Now you know and I know that one day the orchestra will stop playing and the
wind will rattle through the broken window panes, and the anticipation of this
freezes us. All of these kids but one will be broke, and that one will be the multi-
millionaire, the Arthur Rock of the new generation. There is always one, and
maybe we will find him.”

—As seen in February 2024's "JPMorgan's Jamie Dimon On The Business Case For AI: "This Is Not Hype" (JPM)" 

Monday, November 21, 2022

Hating On Andreessen Horowitz's Web3 Spiel

"...you may ask yourself, 'Well, how did I get here?'". Wait. No, that's Talking Heads. Let's take it from the top.

You may ask yourself, what was the deal with all the Andreessen posts this weekend.*

And the answer is: a16z is almost single-handedly trying to stake out the be-all and end-all real estate of Web3. From his directorship at Meta/Facebook to the crypto stuff highlighted by Coinbase ($250 direct listing, $335.90 high, $41.23 last), to a few dozen other corporate entities, Marc Andreessen is the man.

If any of the play-to-earn gaming in the metaverse with crypto things really take off.

At the moment however:

....MUCH MORE (THREAD)

And from the r/cringe subreddit:

Marc Andreessen struggles to explain a single Web3 use case to Tyler Cowen


*Andreessen Horowitz and the Media: Yikes! (COIN) "Inside the nasty battle between Silicon Valley and the reporters who write about it." 

With Theranos and Elizabeth Holmes In The News, Here's A Piece Laura Arrillaga-Andreessen Wrote For The New York Times 

Media and Tech: "The Unauthorized Story of Andreessen Horowitz" 

"Andreessen passed on FTX, and made a killing selling tokens"

"The Dubrovnik Interviews: Marc Andreessen - Interviewed by a Retard"

We will be posting on Web3 and Marc Andreessen, its greatest promoter, in all its Metaverse, cryptocurrency, play-to-earn-gaming glory and this is as good a place to start as any.

Also, I had forgotten about Taylor Lorenz lying about Andreessen's use of the "R" word....

Much more to come.

Here's some older stuff: 

"Marc Andreessen Has a Pretty Creepy Relationship With Zuck" (FB)

 ...a16z is fundamentally a consulting firm that its clients can never fire.
Grandly, it calls this a “services model.”...

Marc Andreessen In the New Yorker:
13,000+ words.

Sunday, November 20, 2022

FTX/Bankman-Fried: When Outlets As Disparate As The Spectator and Vanity Fair Call For A Media Reckoning You Know Something's Up

First up, The Spectator World*, November 17:

Sam Bankman-Fried’s media outlets must come clean 
Their readers deserve full transparency

Bankrupted crypto billionaire Sam Bankman-Fried is the talk of the town thanks to the implosion of his heavily celebrity- and lawmaker-endorsed digital currency platform, FTX. SBF cleverly disguised his shaky financial schemes behind an awkward personality and philosophy labeled as “Effective Altruism,” meaning giving away massive amounts of wealth in the name of simply doing good.

It’s a popular philosophical fad that has caught on among progressive global elites in the philanthropy arena and seems to be quite popular among media elites as well. Amazon and Washington Post owner Jeff Bezos announced a plan to donate most of his wealth, on the same day that 10,000 jobs were to be eliminated at Amazon.

Bankman-Fried is also drawing attention from the amount of money he donated to Democratic Party causes and politicians. He was Joe Biden’s second largest donor in 2020 and came in right behind George Soros in 2022, having donated roughly $39 million to Democratic candidates and platforms. And SBF bankrolled several corporate media outlets through grant foundations. He started the Building a Stronger Future Foundation, which was created to support journalism and investigative research under the guise of pandemic preparedness and climate.

 The media outlets he buoyed with FTX investor money include a list of popular titles that lean to the left when it comes to covering issues like those Bankman-Fried is passionate about: Vox, the Intercept, ProPublica, the Law and Justice Journalism Project and the recently launched Semafor, a much-hyped news outlet cofounded by former BuzzFeed editor-in-chief Ben Smith. Smith has brought several known names from the world of Beltway media onboard, including Politico’s Max Tani and the Washington Post’s Dave Weigel, the latter of whom it’s fair to assume was looking for an exit after being suspended for retweeting a joke earlier this year. Semafor and Vox have disclosed Bankman-Fried as a financial backer in their recent reporting on the FTX collapse, but that’s about it.

Yet since the scandal broke, Bankman-Fried has been treated to two relative puff pieces on his philanthropic efforts in the Washington Post and the New York Times. Both drew severe backlash on social media for seeming to handle him with kid gloves....

....MUCH MORE
*From The Spectator World "About" page:

The Spectator was established in 1828, and is the best-written and most influential magazine in Britain. In 2018, we launched our monthly global edition of the magazine, bringing to the rest of the world the same insight, original thought the British have enjoyed for 190 years. The overall media landscape was missing something — a publication...

So, tell me about your strong suit, the self-effacing modesty....

And from Vanity Fair, November 18:

“He hadn’t really been talking to anyone,” Peterson-Withorn told me. “Presumably, he was hard at work trying to save FTX and FTX US and Alameda and all this money from his investors and his customer user funds.” Which is why the journalist was surprised to get an email back on this comparatively trivial matter. Bankman-Fried said he couldn’t “confidently dispute” that he was no longer a billionaire, as he was “not totally clear” on his net worth at the moment. This was two days before FTX, once valued at $32 billion, would file for bankruptcy. “He’s talking when other people wouldn’t,” noted Peterson-Withorn.

Indeed, even as he’s now under federal investigation, Bankman-Fried can’t stop talking. A few days later, he was on the phone past midnight with New York Times reporter David Yaffe-Bellany. And a few days after that, he DM’d Vox’s Kelsey Piper, a fellow effective-altruism proponent, to try to explain himself, leaving Piper “appalled by much of what he said.” “Each individual decision seemed fine and I didn’t realize how big their sum was until the end,” Bankman-Fried wrote at one point. (At another: “fuck regulators.” Hours later, he tried to walk some of these comments back.)

A Sam BankmanFried Media Reckoning Is Underway
Courtesy of Fortune; Cover photograph by Spencer Heyfron.

Bankman-Fried’s swift rise played out through the media—and now the same is happening with his downfall. A few months ago he graced the cover of Fortune alongside the question, “The Next Warren Buffett?” Jeff John Roberts, who wrote that cover story, noted this past week how “it felt odd” to now be writing about the possibility of his subject going to prison. When later asked on Twitter what he would have changed about his approach, Roberts replied: “Always easier in hindsight but…I would have pushed harder for documents. I asked but didn’t insist on them.”....

....MUCH MORE

Of course it is possible those calling for a Truth & Justice Commission for the media are just doing a bit of market differentiation, buffing their brands so to speak.

Previously on the media angle in these frauds:  

How Media Aided and Abetted The Rise of FTX and Bankman-Fried

With Theranos and Elizabeth Holmes In The News, Here's A Piece Laura Arrillaga-Andreessen Wrote For The New York Times

Saturday, November 19, 2022

With Theranos and Elizabeth Holmes In The News, Here's A Piece Laura Arrillaga-Andreessen Wrote For The New York Times

 Yes, that Andreessen. Her hubby is Marc. And yes, that Arrillaga, her dad developed something like 10% of the land in Silicon Valley and is also a billionaire.

And with comparisons being drawn between the frauds of Bankman-Fried and Ms. Holmes, who received an 11-year prison sentence on Friday, here's a flashback with one of the most understated editor's notes of all time appended.

From the New York Times Magazine:

Five Visionary Tech Entrepreneurs Who Are Changing the World
By LAURA ARRILLAGA-ANDREESSEN OCT. 12, 2015

These brilliant minds blur the lines between big business and social impact, harnessing goodness through technology.....

....Today’s young, socially motivated entrepreneurs question why we even have sectoral boundaries that need to be crossed. They don’t respect the walls between business, government and nonprofits. They want to put social good at the heart of the for-profit companies they create. As an ever-increasing number of nonprofits compete for the world’s limited charitable resources, this new generation sees creating a revenue stream as an acceptable, even essential, component to a successful social-change strategy. In some ways, this will make life for nonprofits more difficult. These new donors want the organizations they support to produce robust results that verify their social impact and financial sustainability. For many nonprofits, this means upping their game when it comes to the effectiveness of their evaluation process.

But whether we’re talking about nonprofits with new businesslike approaches or for-profit entrepreneurs with a social mission, it’s all good news. Given that the world’s philanthropic funding will never be enough to solve all the problems we face, this hybridization of social and economic entrepreneurship has enormous potential.....

*****
....Elizabeth Holmes
It’s hard to overestimate the potential benefit of what Elizabeth Holmes has developed with her tech company Theranos. Blood tests cost hundreds, if not thousands, of dollars. At Theranos, a complete blood count and electrolyte test, taken by a single finger prick, costs $10.17. Her goal? To democratize health care. Turning a blood test into an inexpensive, accessible and even (almost) pleasant experience — rather than an expensive, dreaded and time-consuming procedure — makes people more likely to get tested. As a result, medical problems can be identified earlier, enabling the prevention or effective treatment of diseases ranging from diabetes and heart ailments to cancer.

Holmes, 31, has always been a bit of an outlier. As a child, she studied with a tutor to become fluent in Chinese. She applied for her first patent at 19, a wearable patch to help administer drugs and monitor variables in one’s blood while adjusting the dosage as needed. (She currently has 27 U.S. patents in her name.) Since dropping out of Stanford’s School of Engineering during her sophomore year in 2004, she has spent nearly every waking moment working on bio-engineering breakthroughs in diagnostic testing and persuading lawmakers that every person has a basic right to information about his or her own health. (She only pauses in her work to run — seven miles a day.)/

Holmes talks about Theranos in the context of traditional philanthropic institutions: ‘‘Foundations work to significantly subsidize medical tests for developing economies at lower costs; our work is in developing tests at lower costs than have been available through these mechanisms in the past. Our model and objective is delivering equally effective tests with greater accessibility and at a price those in need, in developing economies or in the United States, can afford.’’

Theranos has already run millions of tests for individuals, and currently offers its lab services at its Wellness Centers in California, Arizona and Pennsylvania, along with its national partnership with Walgreens. This year, it announced additional partnerships, raising the value of the company to $10 billion. But the impact of Holmes’s work extends far beyond the United States. For example, Theranos has developed a finger-stick test that rapidly detects the presence of the Ebola virus as close to the actual time of infection as clinically possible. Because the test can be performed in the most basic of settings, it can serve the people most in need, who are often the last to benefit from new technologies. ‘‘I believe that you can build a business that does well by doing good,’’ she says.

Holmes is also promoting full transparency in lab pricing, working to reduce Medicare and Medicaid rates for lab tests, to the tune of potentially hundreds of millions in government savings. This year she helped draft and pass a law in Arizona that will act as a national model for allowing more people to take charge of their health through the ability to obtain and directly pay for any test without first being required to get a health care provider’s order or work through insurance eligibility. Once health care information becomes accessible, Holmes envisions a system based on preventative medicine, versus the status quo of diagnosis and treatment only after symptoms have developed....

Update: After this profile was published online, there were new developments involving Theranos.

....MORE

—linked in our post "NYT Public Editor Blasts Arrillaga-Andreessen Magazine Feature for ‘Clear’ Conflict of Interest" 

It's the same damn pitch. I've re-read this bit a few times:

"These brilliant minds blur the lines between big business and social impact, harnessing goodness through technology....

....Today’s young, socially motivated entrepreneurs question why we even have sectoral boundaries that need to be crossed. They don’t respect the walls between business, government and nonprofits. They want to put social good at the heart of the for-profit companies they create. As an ever-increasing number of nonprofits compete for the world’s limited charitable resources, this new generation sees creating a revenue stream as an acceptable, even essential, component to a successful social-change strategy."

And can't help thinking, it's the same damn pitch.

Wednesday, November 16, 2022

Berkshire's Charlie Munger Equates Bitcoin To Child Trafficking; Rep. Maxine Waters/House Financial Services Committee To Investigate Binance's Role In FTX Collapse

Has Bankman-Fried already cut a deal with the Federales to take-down CZ? Or will he go the Elizabeth Holmes/Theranos route of an insanity defense?

First up, Decrypt, November 15:

Berkshire Hathaway’s Vice Chairman remains staunchly skeptical of crypto in the wake of FTX’s collapse.

Having previously characterized Bitcoin as “rat poison” and a “venereal disease,” Charlie Munger now likens the most valuable cryptocurrency to child trafficking.

“There are people who think they’ve got to be in on every deal that’s hot,” he told CNBC on Tuesday, while reflecting on high-profile investors getting involved with the industry. “They don’t care if it’s child prostitution or Bitcoin. I think it’s totally crazy.”....

....MUCH MORE

And from CryptoNews, November 16:

Binance role in FTX collapse under congressional scrutiny

Binance’s role in the sudden collapse of FTX, an event that sent reverberations around crypto markets, has come under congressional scrutiny, a senior House Republican confirmed to The Block.

“This is serious. I think that this is a major event,” Rep. Patrick McHenry, R-N.C., told The Block while acknowledging that Binance’s role in the sudden meltdown will be one of the focuses of a December hearing announced this morning.

The North Carolina Republican — the likely next chairman of the House Financial Services Committee — referred to a widely circulated internet meme that used footage from television show "The Office" to highlight the role public comments made by Binance CEO Changpeng "CZ" Zhao played in FTX’s sharp decline.

FTX filed for Chapter 11 bankruptcy protection on Nov. 11.

In separate remarks to reporters, McHenry demurred as to whether former FTX CEO Sam Bankman-Fried has agreed to appear at the hearing, or if the embattled crypto mogul would be subpoenaed.

“The first step is a bipartisan call for a hearing,” the current ranking member of the House Financial Services Committee said. “We’re certainly going to prioritize this next Congress.”

McHenry told reporters that Committee Chair Maxine Waters, D-Calif., has similar concerns to his over the crypto meltdown. “It’s a bipartisan call. We’re going to work together on who those witnesses are in the process forward.”

Asked if the FTX situation added urgency to negotiations around stablecoin legislation for a possible lame duck passage before the end of the current Congress in early January, McHenry said that was up to Waters as chair....

....MUCH MORE

Here's the Chair of the House Financial Services Committee, November 11:
Chairwoman Waters’ Statement on Binance and FTX

Saturday, September 24, 2022

"Solutions to big problems – dreams, reality, and fraud"

Following on the post immediately below regarding Salesforce's entry into the carbon credit biz we see Asia Times on a similar/parallel story, September 23:

There is no reliable timetable to success in development of revolutionary technology  

Big industrial problems attract entrepreneurs with big ideas and investors with a high risk appetite. Starting with good intentions, some end up as disastrous frauds as promised products prove to be unachievable.

How does this happen? Such situations are rare but some entrepreneurs end up misleading themselves and investors in the mistaken belief that obstacles will be overcome with just more dollars and patience. 

The infamous case of Theranos ended with the recent conviction for fraud of the entrepreneur who had falsely claimed to solve the problems of rapid and low-cost blood-specimen testing after raising hundreds of millions of dollars while falsely claiming success.

A more recent fraud case involves the hot area of carbon-free energy. The Nikola Corporation went public with the objective of manufacturing trucks propelled by fuel cells using hydrogen. This is an old concept with practical limitations. 

As of September 12, Nikola founder Trevor Milton stood accused in US Federal Court of securities fraud as the company failed to deliver any product while stating otherwise. Before the facts became known, the company briefly reached a public valuation of US$30 billion – which approached that of the Ford Motor Company. 

Both of the above ventures made initially plausible cases for achieving their products. They raised money because many investors in high-risk technology ventures are willing to  believe that all  technological risks can be overcome by a great team led by a brilliant entrepreneur. 

One reason for such high risk is that entrepreneurs looking for big ventures may promote  technologies that show promise, but have a long history of failure to reach practicality. The entrepreneur promises a solution where others have failed......

....MUCH MORE

Wednesday, August 10, 2022

Meet The Newest Addition To The FBI's "10 Most Wanted List"

From The New York Post, August 10:

Inside the life and crimes of the new addition to the FBI’s 10 Most Wanted Ruja Ignatova 

It’s not hard to draw similarities between Elizabeth Holmes of Theranos infamy and Ruja Ignatova — the brilliant Bulgarian-German scam master behind the OneCoin swindle, history’s second biggest fraud after Bernie Madoff’s $65 billion Ponzi con.

Both were charismatic star students with huge ambitions who used charm and good looks to convince people to throw fistfuls of money at their sketchy start-ups. Each also hooked up with a male lover who helped them rip off millions from dupes.

The one big difference: Holmes, who was recently convicted of defrauding investors, faces 20 years in jail and is reportedly flat broke, while the 42-year-old Ignatova remains on the lam after having vanished in 2017 with a fortune — leaving customers to eat some $4 billion in losses and her ex-partners to face jail time.

“The Missing Crypto Queen: The Billion Dollar Cryptocurrency Con and the Woman Who Got Way With It,” a new book out now from British investigative reporter Jamie Bartlett, chronicles Ignatova’s journey from a working-class family in the Bulgarian port town of Ruse to becoming a star at McKinsey & Company and, as of June, being named as the newest member of the FBI’s Ten Most Wanted list....

....MUCH MORE, quite the in-depth look at big-money criminality.

Saturday, June 19, 2021

Andreessen Horowitz and the Media Pt. II

 
With Ms Holmes' criminal trial approaching it is probably as good a time as any to visit the archive.
First posted November 4, 2015 (the editor's note at the bottom is one of the best ever)

NYT Public Editor Blasts Arrillaga-Andreessen Magazine Feature for ‘Clear’ Conflict of Interest

Lest we forget.
From re/code, Oct. 29, 2015:
If you picked up a copy of this month’s T, the New York Times’ style magazine, you might have perused a big, splashy feature article titled “The Transformers,” about five visionary tech entrepreneurs.
And if you saw the byline on one piece about Airbnb’s co-founder and CEO, Brian Chesky, you might have noticed it was penned by another prominent Silicon Valley figure: Laura Arrillaga-Andreessen, the wife of Marc Andreessen, the famous entrepreneur and now powerful venture capitalist.
In a post today, the New York Times public editor, Margaret Sullivan, certainly did and not in a good way, especially since Andreessen Horowitz has a $112 million investment in the online home-renting company.
Sullivan noted that not only was there a big problem in that there was no disclosure (a very big issue, for sure), but that the magazine should have selected a different writer altogether for the feature.
“This is a case in which the financial conflict is so clear, and the spousal tie so close, that a disclosure would not have been enough,” Sullivan wrote. “A different writer altogether would have been a far better idea, and, to my mind, the only right one.”
Sullivan also noted that the article gave “extremely favorable” coverage to Theranos CEO Elizabeth Holmes, who has spent the whole month putting out PR fires related to a Wall Street Journal investigation that revealed serious technological setbacks at the $9 billion biotech startup.
Responding to Sullivan, T Editor Deborah Needleman acknowledged that the magazine should have appended a disclosure — again, it’s pretty shocking that it was not there — but she defended her decision to have Arrillaga-Andreessen write the article.
“I disagree that we shouldn’t have let Laura write, as she is a separate person from her husband with her own career and credentials,” Needleman said. “I say this not as an excuse, but she is, separately from her husband, a billionaire (making her through marriage a billionaire twice over) and for that reason I think I failed to consider any monetary conflict in her case.”
Arrillaga-Andreessen does indeed have her own career, including as a well-known philanthropy educator, and is indeed very wealthy in her own right. She is the daughter of Silicon Valley real estate mogul John Arrillaga, whose land development work paved the way for the complexes of Google, Apple and myriad other tech companies.
There has since been a disclosure about Arrillaga-Andreessen added to the “Transformers” article, and an editor’s note regarding what’s happening at Theranos.
Neither Andreessen Horowitz nor Arrillaga-Andreessen has responded to requests for comment.
For more on the Arrillaga clan see our 2014 post "The secretive billionaire who built Silicon Valley".
And from the NYT Oct 12:
Five Visionary Tech Entrepreneurs Who Are Changing the World
By LAURA ARRILLAGA-ANDREESSEN OCT. 12, 2015
These brilliant minds blur the lines between big business and social impact, harnessing goodness through technology.
Suppose you want to help people in struggling communities become better health care consumers. Or to try to prevent terrorist attacks using Big Data. Or to develop lab tests that cost a fraction of what most providers charge. Do you create a business or a nonprofit?
There is no right answer. Because for a new generation of innovators, notions of what is right are different. The important questions are: What is the problem? What solutions can I develop to address it? And, can I help more people by operating as a nonprofit, founding a company, or utilizing elements of both?
A profound change is sweeping across the entrepreneurial landscape. In the quest to improve lives or preserve the earth’s natural resources, today’s top minds are not only coming up with game-changing products and services. They are also reinventing systems and harnessing diverse tools — from cross-sector partnerships to capital markets — to meet their goals. Many of these innovative thinkers are young, coming of age in the aftermath of Sept. 11, amid the destruction of two protracted wars and the economic uncertainties ushered in by the Great Recession. They are digital experts, who, thanks to social media, smartphones and access to limitless information, have grown up with a sense of global community that transcends geographic boundaries. And they seem to have social consciousness embedded in their DNA. They are united in wanting to do more than acquire material riches. They measure success by their ability to transform the lives of others. Their question is not ‘‘What do I want to be when I grow up?’’ but ‘‘How will the world be different because I lived in it?’’
As a result, financial success and social impact are becoming ever more linked, with the lines blurring between the business and nonprofit sectors. Twenty years ago, businesses, nonprofits and government made up three distinct parts of society, with their own responsibilities, goals and strategies. In the 1990s, the conversation started to move from how to create the right organizations and programs to which approaches could — with different sectors working together — help solve some of the world’s most profound social problems. In the past couple of decades, there’s been a remarkable acceleration in the overlap between these different sectors.
What is unfolding is a blending of the goals and business models for traditional for-profit enterprises and nonprofit organizations. In the process, nonprofits with empathy-based, revenue-generating models have emerged at the same time as C.E.O.s and entrepreneurs who want to build companies that generate social value through their products and services.
Today’s young, socially motivated entrepreneurs question why we even have sectoral boundaries that need to be crossed. They don’t respect the walls between business, government and nonprofits. They want to put social good at the heart of the for-profit companies they create. As an ever-increasing number of nonprofits compete for the world’s limited charitable resources, this new generation sees creating a revenue stream as an acceptable, even essential, component to a successful social-change strategy. In some ways, this will make life for nonprofits more difficult. These new donors want the organizations they support to produce robust results that verify their social impact and financial sustainability. For many nonprofits, this means upping their game when it comes to the effectiveness of their evaluation process.
But whether we’re talking about nonprofits with new businesslike approaches or for-profit entrepreneurs with a social mission, it’s all good news. Given that the world’s philanthropic funding will never be enough to solve all the problems we face, this hybridization of social and economic entrepreneurship has enormous potential.
  1. Photo

    CreditPortrait by Todd Cole
    Elizabeth Holmes
    It’s hard to overestimate the potential benefit of what Elizabeth Holmes has developed with her tech company Theranos. Blood tests cost hundreds, if not thousands, of dollars. At Theranos, a complete blood count and electrolyte test, taken by a single finger prick, costs $10.17. Her goal? To democratize health care. Turning a blood test into an inexpensive, accessible and even (almost) pleasant experience — rather than an expensive, dreaded and time-consuming procedure — makes people more likely to get tested. As a result, medical problems can be identified earlier, enabling the prevention or effective treatment of diseases ranging from diabetes and heart ailments to cancer.
    Holmes, 31, has always been a bit of an outlier. As a child, she studied with a tutor to become fluent in Chinese. She applied for her first patent at 19, a wearable patch to help administer drugs and monitor variables in one’s blood while adjusting the dosage as needed. (She currently has 27 U.S. patents in her name.) Since dropping out of Stanford’s School of Engineering during her sophomore year in 2004, she has spent nearly every waking moment working on bio-engineering breakthroughs in diagnostic testing and persuading lawmakers that every person has a basic right to information about his or her own health. (She only pauses in her work to run — seven miles a day.)
    Holmes talks about Theranos in the context of traditional philanthropic institutions: ‘‘Foundations work to significantly subsidize medical tests for developing economies at lower costs; our work is in developing tests at lower costs than have been available through these mechanisms in the past. Our model and objective is delivering equally effective tests with greater accessibility and at a price those in need, in developing economies or in the United States, can afford.’’
    One of the six covers of T’s Oct. 25 Greats issue. See all the covershere.
    Theranos has already run millions of tests for individuals, and currently offers its lab services at its Wellness Centers in California, Arizona and Pennsylvania, along with its national partnership with Walgreens. This year, it announced additional partnerships, raising the value of the company to $10 billion. But the impact of Holmes’s work extends far beyond the United States. For example, Theranos has developed a finger-stick test that rapidly detects the presence of the Ebola virus as close to the actual time of infection as clinically possible. Because the test can be performed in the most basic of settings, it can serve the people most in need, who are often the last to benefit from new technologies. ‘‘I believe that you can build a business that does well by doing good,’’ she says.
    Holmes is also promoting full transparency in lab pricing, working to reduce Medicare and Medicaid rates for lab tests, to the tune of potentially hundreds of millions in government savings. This year she helped draft and pass a law in Arizona that will act as a national model for allowing more people to take charge of their health through the ability to obtain and directly pay for any test without first being required to get a health care provider’s order or work through insurance eligibility. Once health care information becomes accessible, Holmes envisions a system based on preventative medicine, versus the status quo of diagnosis and treatment only after symptoms have developed.
    By breaking down barriers to testing, she’s paving the way for a scalable approach to early diagnosis and therefore lower-cost, less invasive treatments. And by standing up to lawmakers and entities with vested interests for individuals’ fundamental right to access their health care information, Holmes may be doing more than running one of the world’s most successful start-ups — she may be starting a movement to change the health care paradigm as we know it....MORE
    Update: After this profile was published online, there were new developments involving Theranos.
  2. Makeup: Tsipporah using MAC Cosmetics. San Francisco production: Crew You Production