Elizabeth Holmes

Former Theranos founder and CEO Elizabeth Holmes arrives at the Robert F. Peckham US Federal Court in San Jose, California. A female entrepreneur whose multibillion-dollar start-up looked set to revolutionise medical testing, before it crashed and burned in a blaze of fraud claims, goes on trial this week.

| AFP

Money lessons from the fall or rise of prominent businesses personalities

What you need to know:

  • Theranos was built on quicksand, which is a mistake that many budding entrepreneurs tend to make.
  • You must stop fearing loans and instead learn how to use them for your growth.

Barely six years ago, Elizabeth Holmes was the world’s youngest self-made billionaire. She was the founder of Theranos, a start-up company that claimed it had developed technology that could accurately and reliably test for up to 240 conditions using just a few drops of blood taken from a finger prick.

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