After an extended trial, former Theranos CEO Elizabeth Holmes has been discovered responsible of 4 out of the 11 prices introduced towards her, together with three counts of wire fraud and conspiracy to defraud buyers in her now-defunct blood testing firm. The decision caps a journey full of each guarantees and disappointments, one which finally led to the downfall of what might have been some of the profitable corporations, and entrepreneurs, to come back out of Silicon Valley in over a decade.
Whereas the decision is a milestone in holding startup founders accountable for false guarantees, it truly additional complicates the distinction between fraud and the “fake it til you make it” mindset of many startups. The Verge’s deputy editor Liz Lopatto breaks down the end result of the trial and what to anticipate within the months to come back. With Holmes’ enterprise accomplice, Sunny Balwani, on the point of stand trial later this month, the story is much from over.