This and the college admissions scandal pretty much fill my need for non-Trump news. In this case, as I see it (based on what I’ve read also), she managed to pull this off because:
1) She’s a woman.
2) She was good-looking when needed (now she’s doing the little schoolgirl look for sympathy).
3) She faked a deep voice (no one from her past remembers that voice). That is the voice of many women who broke into ‘the man’s world’, particularly in the tech side.
4) She hooked one or two big names who normally don’t invest in startups (maybe George Schultz, although that might have been later), using the above techniques.
5) Others followed, after all how could these ‘big names’ be wrong. At that point, she had her money.
6) She never disclosed her methods to them, and they, not knowing the game, never pushed her for it.
One of the articles said something like the big Venture Capitalists and Hedge Funds would have never gotten near her (and they didn’t), because of her claim that all of her work was ‘proprietary’. Those firms, even though they are lambasted on a regular basis, actually do have technically competent people (engineers, some of who are also lawyers) who know when someone is trying to mess with them.
In the end, the real hero in my book was the grandson of George Schultz, who worked there and started asking questions (and was like 25 years old). While grandad, who dumped in big bucks, said things like “I don’t really understand this stuff, but I trust her”, his grandson asked hard questions resulting in the top people there threatening to fire him for just asking. He then went to the media and it was game over.
Why did she latch on to the Evans kid (Billy)? Is she so caught up in herself that she believes she won’t go to prison...and will have a long happy life with Billy? Or, does she know she’s going to lose her fortune...and needs a financial backup plan supplied by this guy? Either way, she’s playing him and he’s gonna get burned...bad.
“This and the college admissions scandal pretty much fill my need for non-Trump news.”
that’s pretty funny ... i’ve been following the Holmes scandal for a long time, but the other non-trump thing i follow is the disaster in venezuela ...
“In the end, the real hero in my book was the grandson of George Schultz, who worked there and started asking questions (and was like 25 years old). While grandad, who dumped in big bucks, said things like “I don’t really understand this stuff, but I trust her”, his grandson asked hard questions resulting in the top people there threatening to fire him for just asking.”
AND George disowned his grandkid and they were estranged for years, but the kid kept doing the right thing anyway, making him even more a hero ... Theranos also came after the grandson and his parents with heavy-duty legal threats, and basically bankrupted them with legal fees ....
But it was a woman who turned on the company