Bad Blood: Secrets and Lies in a Silicon Valley Startup is a nonfiction book by journalist John Carreyrou, released May 21, 2018. It covers the rise and fall of the firm Theranos, the multibillion-dollar biotech startup headed by Elizabeth Holmes.
In 2014, Theranos founder and CEO Elizabeth Holmes were widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup âunicornâ promised to revolutionize the medical industry with a machine that would make blood testing significantly faster and easier.
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 Holmesâs worth at an estimated $4.7 billion. There was just one problem: The technology didnât work.
A riveting story of the biggest corporate fraud since Enron, a tale of ambition and hubris set amid the bold promises of Silicon Valley.