An entrepreneur and a swindler

Elizabeth Holmes

In this file photo taken on November 22, 2021 former Theranos founder and CEO Elizabeth Holmes goes through security after arriving for court at the Robert F. Peckham Federal Building in San Jose, California. 

Photo credit: AFP

What you need to know:

  • Did Holmes, aggressively implementing Silicon Valley’s “fake it until you make it” credo, simply run out of runway?
  • Will her conviction reduce the “willingness to bet on” the type of entrepreneurs who “made Silicon Valley the innovation engine of the world”?

The conviction of Elizabeth Holmes for fraud perpetrated as founder and CEO of Theranos has triggered intense debate about what the episode means for the innovation economy. Did Holmes, aggressively implementing Silicon Valley’s “fake it until you make it” credo, simply run out of runway? Is the venture capitalist and Theranos investor Tim Draper right to worry that her conviction will reduce the “willingness to bet on” the type of entrepreneurs who “made Silicon Valley the innovation engine of the world”?

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