The company’s collapse has changed the startup environment, but some say the industry still hasn’t faced a ‘true reckoning’
A charismatic young leader, billions of dollars in valuations and a technology that promised to change the world but failed to deliver: the meteoric rise and fantastic fall of the medical tech startup Theranos has been seen by many as an indictment of the hype-train attitude of Silicon Valley.
Nearly 20 years after Theranos’s launch, its CEO, Elizabeth Holmes, is headed to trial, charged with defrauding clients and investors. Silicon Valley is facing a public that’s wary of its methods and intentions – but the verdict is still out on whether startup culture has fundamentally changed.
Continue reading...source https://www.theguardian.com/technology/2021/aug/30/elizabeth-holmes-trial-theranos-silicon-valley
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