33 Quotes by Elizabeth Holmes
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Wikipedia Summary for Elizabeth Holmes
Elizabeth Anne Holmes (born February 3, 1984) is an American former businesswoman who was the founder and chief executive of Theranos, a now-defunct health technology company. Theranos soared in valuation after the company claimed to have revolutionized blood testing by developing testing methods that could use surprisingly small volumes of blood, such as from a fingerprick. By 2015, Forbes had named Holmes the youngest and wealthiest self-made female billionaire in America on the basis of a $9-billion valuation of her company. The next year, following revelations of potential fraud about Theranos's claims, Forbes revised its estimate of Holmes's net worth to zero, and Fortune named her in its feature article on "The World's 19 Most Disappointing Leaders".
The decline of Theranos began in 2015, when a series of journalistic and regulatory investigations revealed doubts about the company's technology claims and whether Holmes had misled investors and the government. In 2018, the U.S. Securities and Exchange Commission charged Theranos and Holmes with deceiving investors by "massive fraud" through false or exaggerated claims about the accuracy of the company's blood-testing technology; Holmes settled the charges by paying a $500,000 fine, returning 18.9 million shares to the company, relinquishing her voting control of Theranos, and being barred from serving as an officer or director of a public company for ten years.
In June 2018, a federal grand jury indicted Holmes and former Theranos chief operating officer (COO) Ramesh Balwani on nine counts of wire fraud and two counts of conspiracy to commit wire fraud for distributing blood tests with falsified results to consumers. The case, U.S. v. Holmes, et al. began on August 31, 2021, and is expected to last 13 weeks or longer. If convicted, Holmes faces up to 20 years in federal prison, plus potentially millions in restitution and fines.
The credibility of Theranos was attributed in part to Holmes's personal connections and ability to recruit the support of influential people, including Henry Kissinger, George Shultz, Jim Mattis, and Betsy DeVos, all of whom had served or would go on to serve as U.S. presidential cabinet officials. Holmes was in a clandestine romantic relationship with Balwani, who Holmes claims "dominated" her to such an extent she was unable to make her own decisions, an accusation Balwani denies. Following the collapse of Theranos, she married hotel heir Billy Evans.
Holmes's career, the rise and dissolution of her company, and the subsequent fallout are the subject of a book, Bad Blood: Secrets and Lies in a Silicon Valley Startup, by The Wall Street Journal reporter John Carreyrou, and an HBO documentary feature film, The Inventor: Out for Blood in Silicon Valley.

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What we're about is the belief that access to affordable and real-time health information is a basic human right, and it's a civil right.

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Every time you create something new, there should be questions. And to me, that's a sign that you've actually done something that is transformative.

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Don't decide on a dog based on looks either, much like with people, looks and first impressions can be deceiving.

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I think people can benefit tremendously from really asking why they're doing certain things.

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I think that the minute that you have a backup plan, you've admitted that you're not going to succeed.

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Although the decision to get a dog can seem light on the surface, it's actually a long-term commitment much like a human mate. The consequences of a bad decision can be difficult for everyone involved.

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Technology has an incredible role to play in enabling of policy issues.

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I don't want to make an incremental change in some technology in my life. I want to create a whole new technology, and one that is aimed at helping humanity at all levels regardless of geography or ethnicity or age or gender.

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My best advice for someone considering adopting a pet is to take the time to really consider your lifestyle, home environment and personal preferences.

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With some diseases, like type 2 diabetes, if people get alerted early they can take steps to avert getting sick.

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The worst possible thing in the world is to have someone who doesn't believe in you.

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We've created these little tiny tubes, which we call the 'nanotainers,' which are designed to replace the big, traditional tubes that come from your arm, and instead allow for all the testing to be done from a tiny drop from a finger.

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I believe in the unlimited power of women in the context of science and engineering.

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At a relatively early age, I began to believe that building a business was perhaps the greatest opportunity for making an impact, because it's a tool for making a change in the world.

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I really believe that if we were from another planet, and we sat down to put our heads together on torture experiments, the concept of sticking a needle into someone and sucking their blood out would probably qualify as a pretty good one.

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I think a lot of young people have incredible ideas and incredible insights, but sometimes they wait before they go give their life to something. What I did was just to start a little earlier.

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Today, blood work and science are able to provide more of a movie of your health, identifying trends before they become an issue.

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When I thought about having the greatest impact with my life, I thought about all the times people lose loved ones because diseases weren't detected early enough. I thought, 'I can play a role there.'

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My father did a lot of disaster relief work, and he was always in places where there was a lot of pain.

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With some diseases, like type 2 diabetes, if people get alerted early, they can take steps to avert getting sick.

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It drives me crazy when people talk about the scale as an indicator of health, because your weight doesn't tell you what's going on at a biochemical level.

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I definitely am afraid of needles. It's the only thing that actually scares me.

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Patients are empowered by having better access to their own health information, and then by owning their own data.

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The right to protect the health and well-being of every person, of those we love, is a basic human right.

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Fundamentally, the answers to our challenges in healthcare relies in engaging and empowering the individual.

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The art of phlebotomy originated with bloodletting in 1400 B.C., and the modern clinical lab emerged in the 1960s -- and it has not fundamentally evolved since then. You go in, sit down, they put a tourniquet on your arm, stick you with a needle, take these tubes and tubes of blood.

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Too often you see someone fall, break a rib, go in to the doctor and discover a tumor.

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What I really want out of life is to discover something new: something mankind didn't know was possible to do.