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Bad Blood: Secrets and Lies in a Silicon Valley Startup Hardcover – Picture Book, May 21, 2018

4.7 out of 5 stars 33,084 ratings

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NATIONAL BESTSELLER • The gripping story of Elizabeth Holmes and Theranos—one of the biggest corporate frauds in history—a tale of ambition and hubris set amid the bold promises of Silicon Valley, rigorously reported by the prize-winning journalist. With a new Afterword.

“Chilling ... Reads like a thriller ... Carreyrou tells [the Theranos story] virtually to perfection.” —The New York Times Book Review

In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the next Steve Jobs: a brilliant Stanford dropout whose startup “unicorn” promised to revolutionize the medical industry with its breakthrough device, which performed the whole range of laboratory tests from a single drop of blood. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at more than $9 billion, putting Holmes’s worth at an estimated $4.5 billion. There was just one problem: The technology didn’t work. Erroneous results put patients in danger, leading to misdiagnoses and unnecessary treatments. All the while, Holmes and her partner, Sunny Balwani, worked to silence anyone who voiced misgivings—from journalists to their own employees.
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Amazon.com Review

An Amazon Best Book of May 2018: In Bad Blood, the Wall Street Journal’s John Carreyrou takes us through the step-by-step history of Theranos, a Silicon Valley startup that became almost mythical, in no small part due to its young, charismatic founder Elizabeth Holmes. In fact, Theranos was mythical for a different reason, because the technological promise it was founded upon—that vital health information could be gleaned from a small drop of blood using handheld devices—was a lie. Carreyrou tracks the experiences of former employees to craft the fascinating story of a company run under a strict code of secrecy, a place where leadership was constantly throwing up smoke screens and making promises that it could not keep. Meanwhile, investors kept pouring in money, turning Elizabeth Holmes into a temporary billionaire. As companies like Walgreens and Safeway strike deals with Theranos, and as even the army tries to get in on the Theranos promise (there’s a brief cameo by James “Mad Dog” Mattis), the plot thickens and the proverbial noose grows tighter. Although I knew how the story ended, I found myself reading this book compulsively. – Chris Schluep

Review

"Bad Blood is the real be-all end-all of Theranos information…. Bad Blood is wild, and more happens on one page than in many other entire books." —Margaret Lyons, The New York Times

"You will not want to put this riveting, masterfully reported book down. No matter how bad you think the Theranos story was, you'll learn that the reality was actually far worse."
—Bethany McLean, bestselling coauthor of The Smartest Guys in the Room and All the Devils Are Here

"Chilling... Carreyrou tells [this story] virtually to perfection… Reads like a West Coast version of 
All the President's Men."
—Roger Lowenstein, The New York Times Book Review

"The definitive account of Theranos’s downfall, detailing its motley crew of executives, legal knife fights, dramatic PR stunts, and skullduggery... Offers a lot for foreign-policy wonks... While
Bad Blood is worth reading for its own merits—it’s a stunning feat of journalism that reads like a thriller—it also says a lot about Washington’s facile relationship with Silicon Valley. Most D.C. power brokers know next to nothing about science or technology but increasingly view Silicon Valley tech as a deus ex machina for some of the world’s most complicated challenges. Bad Blood offers a sobering warning of where that type of thinking can lead."
—Robbie Gramer, Foreign Policy

"A great and at times almost unbelievable story of scandalous fraud, surveillance, and legal intimidation at the highest levels of American corporate power. . . . The story of Theranos may be the biggest case of corporate fraud since Enron. But it’s also the story of how a lot of powerful men were fooled by a remarkably brazen liar."

—Yashar Ali, New York Magazine

"Even if you didn’t follow the story of charismatic Theranos founder Elizabeth Holmes (and the ensuing trainwreck) in the news, you will find yourself zipping through a book that proves once again that fact is stranger than fiction. A stunning look into a high-tech hoodwinking; like a high-speed car chase in a book."
—The New York Post's "28 Most Unforgettable Books of 2018"

"In
Bad Blood, acclaimed investigative journalist John Carreyrou, who broke the story in 2015, presents comprehensive evidence of the fraud perpetrated by Theranos chief executive Elizabeth Holmes... He unveils many dark secrets of Theranos that have not previously been laid bare…  The combination of these brave whistle-blowers, and a tenacious journalist who interviewed 150 people (including 60 former employees) makes for a veritable page-turner."
—Eric Topol, Nature

"Engrossing…
Bad Blood boasts movie-scene detail… Theranos, Carreyrou writes, was a revolving door, as Holmes and Balwani fired anyone who voiced even tentative doubts… What’s frightening is how easy it is to imagine a different outcome, one in which the company’s blood-testing devices continued to proliferate. That the story played out as it did is a testament to the many individuals who spoke up, at great personal risk."
—Jennifer Couzin-Frankel, Science

"In exposing the fudged numbers, boardroom battles and sickening sums of money tossed Theranos’ way, Bad Blood succeeds in highlighting Silicon Valley’s paradoxical blind spot. Insular corporate culture and benevolent media coverage have allowed a monster to grow in the Valley—one that gambles not just with our smart phones or our democracy, but with people’s lives. Bad Blood reveals a crucial truth: outside observers must act as the eyes, the ears and, most importantly, the voice of Silicon Valley’s blind spot."
—B. David Zarley,
Paste Magazine's "16 Best Nonfiction Books of 2018"

"Carreyrou blends lucid descriptions of Theranos’s technology and its failures with a vivid portrait of its toxic culture and its supporters’ delusional boosterism. The result is a bracing cautionary tale about visionary entrepreneurship gone very wrong."
Publishers Weekly (Starred)

"Crime thriller authors have nothing on Carreyrou's exquisite sense of suspenseful pacing and multifaceted character development in this riveting, read-in-one-sitting tour de force.... Carreyrou's commitment to unraveling Holmes' crimes was literally of life-saving value."
—Booklist (Starred Review)

"Eye-opening... A vivid, cinematic portrayal of serpentine Silicon Valley corruption... A deep investigative report on the sensationalistic downfall of multibillion-dollar Silicon Valley biotech startup Theranos. Basing his findings on hundreds of interviews with people inside and outside the company, two-time Pulitzer Prize-winning 
Wall Street Journal reporter Carreyrou rigorously examines the seamy details behind the demise of Theranos and its creator, Elizabeth Holmes… [Carreyrou] brilliantly captures the interpersonal melodrama, hidden agendas, gross misrepresentations, nepotism, and a host of delusions and lies that further fractured the company’s reputation and halted its rise."
Kirkus

Product details

  • Publisher ‏ : ‎ Knopf
  • Publication date ‏ : ‎ May 21, 2018
  • Edition ‏ : ‎ First Edition
  • Language ‏ : ‎ English
  • Print length ‏ : ‎ 352 pages
  • ISBN-10 ‏ : ‎ 152473165X
  • ISBN-13 ‏ : ‎ 978-1524731656
  • Item Weight ‏ : ‎ 3.53 ounces
  • Dimensions ‏ : ‎ 6.37 x 1.31 x 9.53 inches
  • Customer Reviews:
    4.7 out of 5 stars 33,084 ratings

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John Carreyrou
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John Carreyrou is a Pulitzer Prize-winning reporter and a nonfiction author. His first book, "Bad Blood: Secrets and Lies in a Silicon Valley Startup," chronicles Silicon Valley's biggest fraud. Please direct any speaking queries to speakers@penguinrandomhouse.com

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4.7 out of 5 stars
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Customers say

Customers find the book compelling and well-written, with thorough research and a fascinating character study. Moreover, the book serves as a cautionary tale about corporate fraud, with one customer describing it as an incredible billion-dollar scam from Silicon Valley. However, the pacing receives mixed reactions, with some finding it fast-paced while others say it's difficult to keep up. Additionally, the moral compass receives mixed reviews, with some praising it as a great read on business leadership while others criticize its lack of ethics.

AI-generated from the text of customer reviews

1,801 customers mention "Story quality"1,710 positive91 negative

Customers find the book's story compelling and well-told, with one customer noting it reads like a suspense novel.

"...wild and brainy world of Silicon Valley to the average reader in a most exciting and very readable manner." Read more

"...And everyone bought it. Bad Blood was a fast and exciting read, and relatively easy, worth mentioning because there's a reasonable..." Read more

"...the many other dimensions, but this presentation is a well presented self-contained effort...." Read more

"...Bad Blood is a fantastic book, one of my absolute favorites! (Unfortunately it got shipped to me slightly damaged in the corner.) Please read it!!" Read more

934 customers mention "Readability"907 positive27 negative

Customers find the book well written and thoroughly readable, with one customer noting it is written in simple language.

"...Carreyrou is able to describe the laboratory terminology, equipment, and techniques along with the wild and brainy world of Silicon Valley to the..." Read more

"...This is a case of some incredible, risk-taking journalism...." Read more

"...Carreyrou did extensive research to write this book, and it's written perfectly...." Read more

"...What a great book! It's well-edited but most importantly the book isn't self-righteous, it doesn't undermine itself, and it certainly is not boring...." Read more

786 customers mention "Research quality"723 positive63 negative

Customers praise the book's thorough research and investigative work, noting it is filled with fascinating details and important lessons.

"John Carreyrou displays the very best in investigative journalism through his writing, at personal risk, in the Wall Street Journal and this book...." Read more

""Bad Blood" is an important book...." Read more

"...like Erika and Tyler, who came out of college with a strong sense of personal ethics that they refused to give up, regardless of what the &#..." Read more

"...John Carreyrou did extensive research to write this book, and it's written perfectly...." Read more

147 customers mention "Character development"107 positive40 negative

Customers appreciate the character development in the book, describing it as a fascinating character study with an impressive cast and forceful personalities.

"...What was Elizabeth Holmes' end game? For such an intelligent, charismatic and ambitious young woman, how could she think her lies, cover-ups and..." Read more

"...a backstory of Elizabeth and her cohorts, but you also get a backstory of the heroes of this intricate well-told account as well as their experiences..." Read more

"...But ultimately, it's a book about incompetence, and just how many people in this world are completely incompetent and unqualified to do their jobs...." Read more

"...into a fantastically written tale of greed, deception, and larger than life characters (especially Ms. Holmes)...." Read more

119 customers mention "Page turner"114 positive5 negative

Customers describe this book as a page-turner, with one noting it reads like fiction.

"Great book, interesting, informative, easy read... a page turner and enlightening in regard to just how brazen, dishonest, and harmful people with..." Read more

"...While it was a nonfiction, educational type tale, it was a page turner and I wanted to find out how everything played out..." Read more

"...Carreyrou writes very well and this book is a page-turner that you will find hard to put down after you start it...." Read more

"...His book is a real page turner. It’s as good as any fiction. Better, in fact, because it is all true...." Read more

233 customers mention "Sex scenes"159 positive74 negative

Customers have mixed reactions to the sex scenes in the book, with some finding them fascinating tales of greed and pathological lying, while others describe them as a depressing tale of deceit and fraud.

"...management has the competence to do so, (iii) that the price point is highly competitive and that the margins are appropriate, and finally (iv) that..." Read more

"...This detailed narrative lays bare an infamous and sensationalized story of fraud and not only makes it more exciting and thrilling but also sobering..." Read more

"...At its heart, this is a story about greed, lies, powerful people versus some powerless people that took enormous risks to themselves, and in the..." Read more

"...job turning this scandal into a fantastically written tale of greed, deception, and larger than life characters (especially Ms. Holmes)...." Read more

139 customers mention "Pacing"90 positive49 negative

Customers have mixed opinions about the pacing of the book, with some praising its fast and timely narrative, while others find it difficult to keep up with.

"...And everyone bought it. Bad Blood was a fast and exciting read, and relatively easy, worth mentioning because there's a reasonable..." Read more

"...It's difficult to keep up with them all although Carreyrou mostly does a good job at making their stories meaningful...." Read more

"...The beginning and the end of the book move fast and is a fascinating read, but the middle while important can get a little boring with the author..." Read more

"...Her grit, charisma, passion, and drive are truly admirable...." Read more

82 customers mention "Moral compass"54 positive28 negative

Customers have mixed opinions about the moral compass of the book, with some praising it as a great read on business leadership while others criticize the lack of ethics and moral compass.

"...For such an intelligent, charismatic and ambitious young woman, how could she think her lies, cover-ups and shortcuts would actually amount to..." Read more

"...There is no doubt that this woman was very bright and extremely skilled at selling her vision...." Read more

"...herself as super competent but who was fundamentally was intellectually and morally flawed...." Read more

"...Ms. Holmes is a character study in boundless, uncontrollable evil and her lover/henchman, “Sunny” Balwani is a good facsimile for Lavrenty..." Read more

Fake-it-until-you make-it
5 out of 5 stars
Fake-it-until-you make-it
Bad Blood: Secrets and Lies in a Silicon Valley Startup This is a book written by John Carreyrou, a Wall Street Journal investigative reporter It is saga of Elizabeth Anne Holmes who started at 19 a blood monitoring company with best intentions in the world, to make the patients safer. She cited the fact that an estimated one hundred thousand Americans died each year from adverse drug reactions. Theranos the company Elizabeth founded - would eliminate all those deaths, she said. It would quite literally save lives. ad Blood: Secrets and Lies in a Silicon Valley Startup She worshipped Jobs and Apple. She liked to call Theranos’s blood-testing system “the iPod of health care” and predicted that, like Apple’s ubiquitous products, it would someday be in every household in the country." This is the Silicon Valley I dreamt of. "On her father’s side, she was descended from Charles Louis Fleischmann, a Hungarian immigrant who founded a thriving business known as the Fleischmann Yeast Company. Its remarkable success turned the Fleischmanns into one of the wealthiest families in America at the turn of the twentieth century." Charles Louis Fleischmann was not only Hungarian, he was of Jewish descent, although it seems he was not a practicing Jew. Smoking cigarettes while reading the Talmud This story is from a book called "The complete Idiot's Guide to Jewish Spirituality and Mysticism" by Michael Levin A yeshiva student comes home on Sabbath afternoon and finds his father reading the Talmud and smoking a cigarette. He is shocked: smoking is forbidden on the Sabbath. The father noticed his son is stunned by his behavior. He said: "When you know as much Talmud as I do, you too can smoke a cigarette on Sabbath" People may become self-righteous for keeping their obligations like studying the Torah and feel the rules don't apply to them. They lost the fear of God and their humility. There is no spirituality and no kindness. These are actual quotes from the book “The biggest problem of all was the dysfunctional corporate culture in which the mini Lab was being developed. Elizabeth and Sunny regarded anyone who raised a concern or an objection as a cynic and a naysayer.” “For the dozens of Indians Theranos employed, the fear of being fired was more than just the dread of losing a paycheck. Most were on H-1B visas and dependent on their continued employment at the company to remain in the country. With a despotic boss like Sunny holding their fates in his hands, it was akin to indentured servitude. Sunny, in fact, had the master-servant mentality common among an older generation of Indian businessmen. Employees were his minions. He expected them to be at his disposal at all hours of the day or night and on weekends. He checked the security logs every morning to see when they badged in and out. Every evening, around seven thirty, he made a fly-by of the engineering department to make sure people were still at their desks working.” With a board of directors including Henry Kissinger, 94 years old, with top venture capitalists on board, with her original Stanford chemistry professor Channing Robertson, receiving a 500,000 dollars check for just being a cover up consultant, General Jim Mattis who became Trump Defense Secretary, few is any contested Elisabeth legitimacy Elizabeth was a drop-out of Stanford with some hypnotic presence. How come she fascinated most famous people on the Valley, but fall under the influence of her boyfriend Ramesh “Sunny” Balwani? He was twenty years older and a married man when they first met. "Sunny was a force of nature, and not in a good way. Though only about five foot five and portly, he made up for his diminutive stature with an aggressive, in-your-face management style. His thick eyebrows and almond-shaped eyes, set above a mouth that drooped at the edges and a square chin, projected an air of menace. He was haughty and demeaning toward employees, barking orders and dressing people down" Epilogue - for now If you read the LinkedIn as I do, 99% of the people are not entrepreneurs. They just pretend being entrepreneurial when all they want is a job. So let’s assume although Elizabeth is proven guilty, she gets funded again. Would you refuse to work for her? No! You wouldn’t, despite what happened to Theranos. You will take the job again with both hands and pray this time is Kosher. And Bad Blood will become a cult book, just like Paul Coelho “The Alchemist” and Steve Jobs biography by Walter Isaacson and the words Fake-until-you-make-it will enter the Bible.
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Top reviews from the United States

  • Reviewed in the United States on April 27, 2021
    John Carreyrou displays the very best in investigative journalism through his writing, at personal risk, in the Wall Street Journal and this book. This documents the brazen success of a very young and blond Stanford sophomore dropout (Elizabeth Holmes) and her much older boyfriend (Sunny Balwani) in getting money and support for their supposed well-meaning efforts in bringing better medical care to the world. They had created a fake gold mine and did not want to give away any specifics for risk of discovery. The subtitle of the book Bad Blood is : Secrets and Lies in a Silicon Valley Startup. (2020). All of this was too good to be true. It hoped to offer one-stop medical care in grocery stores such as Safeway and drug stores such as Walgreens using prompt, painless finger-stick and accurate blood testing with rapid return, store pharmacies, and reasonable and affordable on-site "minute clinics" staffed by medical professionals who make rapid diagnoses. The Department of Defense considered using the technology.

    The author states that 70% of medical diagnoses and treatment are based on laboratory results and imaging studies. Virtual telemedicine, tests, time consuming electronic medical records,
    and procedures, are now replacing in-person physical examination and direct physician-patient interchange. "A pill for every ill." This could be another much needed topic of examination by Carreyrou. The narrator of this 301 page book correctly changes to first person singular on page 223.

    Very prominent older men were on the board of Theranos, the parent corporation which was closed in 2018. The board included its chairman George Shultz (died at age 100 on 7 Feb 2021 and a former US. Secretary of State, Treasury, and Labor who was in a marine in combat during WWII), Henry Kissinger, General Mad Dog Mattis, former secretary of defense William Perry, US Senator Sam Nunn, Heart and Lung Transplant Surgeon Senator Bill Frist, and more. They were given shares of Theranos stock for their presence on the board. Other famous names such as former Secretary of Education billionare Betsy DeVos, Rupert Murdoch, a billionare world leader in journalism, and Walton heirs lost a total of a billion dollars in their Theranos investments. Three U.S. Presidents and the Stanford University president were captivated by the charm, intelligence, and persona of the photogenic Holmes who was once worth five billion dollars and featured on the covers of American magazines.

    Innocence or guilt for Holmes and Balwani will be determined in a federal court the summer of 2021 or later. This book also provides much information and insight about our country's influential media, legal system, and attorneys. Tyler Shultz, a former employee of Theranos who helped identify the scam and was the grandson of George Shultz who introduced him to Holmes, and John Carreyrou are prominent among the many heroes, female and male, in this book which includes patients, physicians, scientists, and the many honest people in the health care industry. Lost documents, Holme's current pregnancy, the COVID pandemic, politics, the medical-industrial complex, and this book may influence the legal outcome. Read this book and form your own opinion. Carreyrou is able to describe the laboratory terminology, equipment, and techniques along with the wild and brainy world of Silicon Valley to the average reader in a most exciting and very readable manner.
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  • Reviewed in the United States on February 20, 2019
    "Bad Blood" is an important book. It chronicles the rise and fall of Theranos, which we all now know to have been a total scam company which promised that it could perform a range of blood tests using one drop of blood rather than having to ask patient to give several vials of blood. The problem? Founder Elizabeth Holmes wasn't a medical professional, and there are many technical reasons why her vision is unlikely to ever happen- especially not yet, and not from her.

    This is a case of some incredible, risk-taking journalism. I think we're all getting used to an age where news agencies have stopped funding good journalism in favor of clickbait nonsense. This is real journalism. People's jobs were at stake. John Carreyrou was in real trouble in the worlds of journalism and Silicon Valley for questioning sacred wisdom. I'm glad that real investigations still happen. There was a real chance he could have gotten stonewalled and forever been called crazy for his allegations. Luckily, it all paid off, and now we know.

    Theranos was Silicon Valley's darling company, valued at billions of dollars before they ever produced a working prototype. Elizabeth Holmes was essentially a confidence trickster, who got people to share her vision without ever producing a working product. Elizabeth Holmes told people that her company was going to revolutionize medical blood tests, allowing elderly people to do a pin-prick at home instead of traveling to a lab for a blood draw. There are many reasons why larger quantities of blood are required. To take an oversimplified case, many blood tests rely on very accurate measures of the relative concentrations of various chemicals in the blood. The larger the sample, the more accurate the count. If you only draw one drop of blood and try to use it for 20 separate tests, your sample size becomes incredibly tiny. There is absolutely no way around hard limits like this. Any of the billion-dollar investors who invested in Theranos could have talked to a doctor and gotten this information. It seems like none of them did, or they chose not to listen.

    Elizabeth Holmes is also a great target. It turns out her whole public persona was- probably- an act. When she came into the public eye she chose to dress like Apple's Steve Jobs, striding around in a black turtleneck. This contrasted with her blonde hair and always-a-little-too-open blue eyes. She cut a startling figure, seeming not to blink for vast stretches of time. Was she crazy or just intense? Then there was her voice. Again, modeled after Jobs' rather slow presentation style, but she spoke in a deep baritone. The first time most people saw her, they laughed at how obviously fake she was. But everyone else in the room was taking her seriously- was there something to it? As it turns out, no, it really was just trickery. Carreyrou slips in a few reports from people who worked with her that- in very stressful moments- she sometimes slipped into the usual sort of "valley girl" banter that would be typical of her upbringing. It was a pure act all along.

    The book mostly focuses on a blow-by-blow of Carreyrou's investigation, Holmes' background, and how the world reacted. He only gingerly brings up many of the big controversies. To name one- everyone in the current culture claims that women aren't allowed in Silicon Valley, that's it's a "boy's club". Yet the case of Theranos seems to indicate that many people believed Holmes specifically because she was a woman. Maybe there's a lot more nuance that we need to read into the situation. That's why Bad Blood is such an important book- there are a lot of crucial conversations that need to be had. Understanding what happened here is a good first step.
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  • Xavier Sanso
    5.0 out of 5 stars Unputdownable
    Reviewed in Spain on September 25, 2019
    The stosry is greater than life, but the way it is narrated contributes a lot to make this a great grear book. It can be read as an opera bufa such as “Wall St” or as a thriller or as a Greek tragedy. Your choice, it will not disappoint you either way.
  • DaveSke94
    5.0 out of 5 stars Bel libro!
    Reviewed in Italy on August 13, 2019
    Bellissima lettura estiva: libro interessante, l’ho divorato durante le vacanze. In inglese ancora meglio!

    Very enjoyable reading. The story itself is incredible - you wouldn’t believe if it wasn’t a true one! The author knows how to make you stay stuck on every page. Ideal reading on the beach :)
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  • Thylacine
    5.0 out of 5 stars Scarily good!
    Reviewed in Australia on July 8, 2018
    I am so glad that the world still has some talented investigative journalists left. I bought the book because I saw the news articles and was intrigued how a diagnostics company could get things so wrong. I don't work in diagnostics but I do work in the blood industry and am a user of diagnostic products so I know the regulatory hoops these guys have to jump through and the years of research required to get their products to market. I applaud John Carreyrou for taking this on and exposing what was a complete sham of a company. I was fascinated and incredulous at how a Stanford dropout, with no knowledge of how to run a diagnostic company or do research, managed to set up her own company and get enormous amounts of funding by charming and hoodwinking so many wealthy older men. But the way she threatened her own staff was appalling. Her avoidance of regulatory requirements for so long was also unbelievable. I want to pay tribute to the whistleblowers who were brave enough to talk to the author - and they took enormous risks and paid high costs. Excellent read.
  • Amber Baker
    5.0 out of 5 stars Great read!
    Reviewed in Germany on November 11, 2024
    It reads like a fiction crime novel. Obviously a heartbreaking story, but the author does a great job of giving a nuanced perspective about Elizabeth and Sunny. I read this after watching the series, and it complemented it very well (though obviously the book came first). I thought the book does a better job of painting Elizabeth as autonomous in her decision making, whereas sometimes the show painted her as a victim to Sunny's domineering persona - of course this is true to an extent, and we cannot know how controlling he was, this should not take away from Elizabeth's choices.
  • Without Fear or Favour
    5.0 out of 5 stars A tale of greed and fear of missing out (FOMO) meeting with hubris and deceit.
    Reviewed in Singapore on January 18, 2025
    This is a very engaging read and I can recommend this book to those who have yet to read it. One vital piece is missing though ... statements from the protagonist herself. She declined to give her own account of what actually transpired and her true motivations. When did the falsehoods begin? And why?
    Elizabeth Holmes is certainly adept at selling ice to Eskimos. But even so, how did experienced investors such as Tim Draper, Larry Ellison, Rupert Murdoch, Carlos Slim, and the Walton family among others get conned so easily? And how did her professor at Stanford get taken in by her?
    How did the Theranos board with illustrious names such as Henry Kissinger (former US Secretary of State), Jim Mattis (retired Marine Corps four-star general), George Shultz (former US Secretary of State), Richard Kovacevich (former CEO of Wells Fargo), William Perry (former US Secretary of Defense), and
    William Foege (former director of the Centers for Disease Control and Prevention) get hoodwinked? Why and how did corporate governance fail?
    The reasons for all these are not truly explored but despite this, Bad Blood is certainly a gripping tale where greed and "fear of missing out" (FOMO) met with hubris and deceit.
    The tale also points to the fallibility and/or vulnerability of our minds/reasoning. Often times, we believe what we want to believe and ignore all evidence to the contrary. We become even more gullible when confirmation bias is present.
    Rest assured. Investors and venture capitalists will learn nothing from this episode. History will repeat itself somewhere and sometime in the near future.