Who Was Elizabeth Holmes And Why Does History Call Her A Great Swindler?

Who Was Elizabeth Holmes And Why Does History Call Her A Great Swindler?

In The History Of Technology, Big Letters Came And Went, Some As Famous As Steve Jobs, Some As Lost In A Footnote As Gary Gildal, And Some As Infamous As Elizabeth Holmes.

Elizabeth Holmes, In the glorious world, a person whose mindset was to make successful human beings finally pay the price. And in this article, we read the story of a man who wanted to create a tremendous revolutionary startup in medical experiments and blood.

At the end of Elizabeth Holmes ‘ criminal trial, her lawyers presented a note to witnesses outlining Elizabeth Holmes ‘ work plan, which was more like a punitive and torturous plan. The manuscript began: “Wake up at 4 in the morning and thank God. Then exercise, meditate, eat breakfast, cheese, and mash.

“(He always mistyped bananas; we’ll explain more later.) And get ready to go to work.” He arrives at Theranos’s office at 6:45 am when so-called lazy people turn off their alarm clock. Founded in 2003, the company specializes in blood sampling.

Ms. Holmes at Tranos had passed strict rules to show that she was a professional company in Silicon Valley.

Part of the rules he passed, which he strictly observed, was as follows: “I am never one minute late. I do not show any emotion. Everything I do is just business. I’m not quirky.

Then I know the result of every encounter. I do not doubt it. And I constantly make decisions and change them as needed. And I speak rarely. “I quickly bring up the nonsense of my opponent.”

Mrs. Holmes‘s punitive and torturous plan responded. His resolve was so severe that he was so engrossed in the silicone cliché that he said, “achieving the impossible by refusing to accept the impossible,” that he had just been convicted of four counts of fraud by a jury. And many of his relatives believed his claims.

The ruling marked the end of an era, an end to hypocrisy in Silicon Valley, where the line between talk and success is blurred. From Stanford University dropout and Tranos $ 9 billion valuations to condemnation, the story of Elizabeth Holmes ‘ rise and fall is like an epic story told in circles.

Perhaps as long as the technology industry leaves the earth to start a new life for the space colonies of Ilan Mask and Jeff Bezos, this story will repeatedly repeat because it is genuinely instructive.

For a decade, Ms. Holmes cleverly tricked Boatright investors, hundreds of intelligent employees, well-known board members, and the media eager to introduce a new (even unqualified) star.

Just as silicone wool is an exaggerated embodiment of American notions of the virtues of hard work and overnight getting rich, so Mrs. Holmes was an exaggerated version of silicone wool.

As is clear from Holmes ‘ self-improvement program, he tried to turn himself into a machine with no time for anything but work. Of course, this practice was not in its interest but for the good of humanity. Holmes was wholly immersed in Silicon Valley’s belief that “technology is here to serve us,” It did not matter how that service would do, how it would make billions profitable, or whether that technology worked.

Whenever an individual, supervisor, investor, or journalist wanted to know a little more about how trans devices work, the company shouted out loud: “These are business secrets!”

The real secret, of course, was that Tranos had no trade secrets at all because these devices did not work; However, Holmes ‘ response to these individuals was adequate for a long time and set in motion his work.

Hiding the scam behind the confidentiality requirements was not Holmes ‘ only way to success; His actions were rooted in the past. Although his self-made design dates back to Ben Franklin’s model, his most enduring belief can find in Miji Gatsby, the protagonist of Scott Fitzgerald’s famous novel; The same mysterious and handsome millionaire who had committed several scams.

The Great Gatsby may be considered Holmes ‘ brother, for he, when he was young, followed the plans and rules he had written in a book to reach his position:

  • 5 to 6 pm: ‌ Practice the art of expression, sobriety, and how to achieve it
  •  7 to 9 pm: Study required inventions

Similarities between Gatsby and Holmes were seen even in their weak dictation; Where Gatsby advised himself to give up smoking and chewing gum, he mistyped the word smoking; Just as Holmes misspelled the word banana.

Gatsby, a fraudulent salesman, used Wall Street to deceive people. He was selling fake bonds. Holmes also chose Silicon Valley, the last and greatest American dream, which promised a significant revolution in transportation, trade, politics, and money in the first decade of this century.

The blood test is certainly more accessible than such promises, especially for Ms. Holmes. She was a saleswoman by nature and adept at distorting reality like Steve Jobs. In an interview with Tech Nation radio in 2005, he described Tranos: “He can receive the interpretation of his blood sample in an instant.”

 Who can not admire such an invention? Tranos wanted to turn a chaotic, unreliable, and time-consuming medical process into painless. “A tiny needle pulls out a few small drops of blood, and the rest of the work is done by software,” Holmes said.

“How old are you, Elizabeth?” Asked Moira Gan, a radio host with a master’s degree in computer science and a postdoctoral fellowship in mechanical engineering“She’s 21, ” Holmes replied. Of course, St. Holmes did not come forward to refute his claims but to emphasize how admirable those claims were at this young age. “I will tell my kids to stop being lazy,” the host shouted excitedly.

“We hope to make it available to one of the drug partners by the middle to the end of the year,” Ms. Holmes said. But thirteen years later, when the company was dissolved, it never successfully launched a device. Of course, in 2005, expectations of this genius lady were so high that inventing a different way to sample blood at the age of 21 was not a significant achievement. So when Holmes was asked about the future of his invention, he replied, “Where have you just seen it?” »

“The prototype of the next generation of tranos is pre-built and designed in a petite size to speed up their performance and increase their efficiency,” Holmes said. 

These devices will even be automatic. “You do not have to touch the buttons of this device with your finger.”

So in one of the first interviews, Ms. HolmesTranos has developed a device that can analyze your health without touching your body. No one objected to his allegations and did not challenge him to substantiate his claims.

Not surprisingly, he and his deputy, Ramesh Balvani, the chief operating officer of the Sunni-based company, thought they could continue their arrogance at Silicon Valley until they finally produced something that would work. We seem to be living in an age of bigotry.

It is good to know that Tranos’s board members were not illiterate or straightforward people. William Perry, for example, was a board member of Tranos, a mathematician, engineer, and professor at Stanford University.

He had complete knowledge of siliconolite and how startups were set up and technology used. However, in an interview in 2014: “Holmes is sometimes referred to as Steve Jobs II, but I don’t think that comparison is enough.

“He was a genius, but Holmes has a big heart.”

Mr. Jobs, who died in 2011, was considered an influential figure in the world of technology; His achievements at Apple have led many to follow in his footsteps, and what better place than Tranos.

After reading his work description and biography, Adam Rosendorf, director of the Tranos Laboratory, applies for a job at Holmes. He testified during the Holmes court hearing that he thought Apple was next.

“The excitement around Steve Jobs was very appealing to me,” he said. “I wanted to be global in healthcare, and I thought joining this company could help me in this way.”

Mr. Rosendorf was frustrated with Tranos’s departure. He exposed it before it was revealed, but Mr. Perry continued to work until December 2016, when the startup was forced to change its board of directors in a fruitless attempt to survive.

The company supported. Despite such believers, Holmes ‘ dream seemed very achievable. He knew full well that he could achieve his goal with a few days of overtime by the engineering team and the praise of several other magazines that portrayed him as a genius. Still, the story is different in the end, and he was arrested and tried for fraud.

last word

Whether Ms. Holmes‘s story is the latest example or history will repeat itself is a fact that shows the passage of time. However, it is unlikely that tomorrow, one day, a dazzling startup will make headlines with strange claims and seek to attract investors.

Some of Silicon Valley’s promises are so sweet and fascinating that we can not ignore them; deposits like longevity, new cryptocurrencies, flying cars, life on Mars, digital currency, harmony, and immense wealth will reappear in another form.

We have to see who the next Holmes will be with all that said. As Fitzgerald writes in his book, “We are all eager for a happy future that fades from year to year.”