Bad Blood: Secrets and Lies in a Silicon Valley Startup
Bad Blood was copyrighted in 2019 by Cambronne Inc. and published in the United States by Alfred A. Knopf of Penguin Random House, LLC, New York.
Bad Blood: Secrets and Lies in a Silicon Valley Startup is a nonfiction book by Wall Street Journal journalist John Carreyrou that was released on May 21, 2018. The book's inside cover synopsis reads as follows:
"The full inside story of the breathtaking rise and shocking collapse of Theranos, the multibillion-dollar biotech startup, by the prizewinning journalist who first broke the story and pursued it to the end, despite pressure from Therano's charismatic CEO and threats by her lawyers.
In 2015, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup "unicorn" 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 fund-raising round that valued the company at more than $9 billion, putting Holme's worth at an estimated $4.5 billion. There was just one problem: the technology didn't work.
For years, Homes had been misleading investors and retail partners such as Safeway and Walgreens, hiding the fact that her technology was flawed and had serious limitations. Meanwhile, Holmes and her partner, Sunny Balwani, fostered a mercurial and highly secretive workplace environment in which Theranos employees routinely saw their colleagues fired for raising red flags. Their deception would lead to nearly one million false test results, some of which seriously jeopardized the health of patients.
When John Carreyrou, a reporter at the Wall Street Journal, got a tip and started asking questions, both Carreyrou and The Journal were threatened with lawsuits, as were many of Carreyrou's sources. Undaunted, the newspaper ran the first dozens of Theranos articles in late 2015. By early 2017, the company's value was zero, and in June 2018, Holmes was indicted on federal wire fraud charges.
Here is the gripping story of the biggest corporate fraud since Enron, a cautionary tale set amid the bold promises and gold-rush frenzy of Silicon Valley."
Bad Blood: Secrets and Lies in a Silicon Valley Startup was on The New York Post's list of the "28 Most Unforgettable Books of 2018," on NPR's "Guide To 2018's Great Reads," and on The New York Times Book Review's "100 Notable Books of 2018." It also won the 2018 "Financial Times and McKinsey Business Book of the Year Award."
Bad Blood: Secrets and Lies in a Silicon Valley Startup is recommended by Lion Stationers. It can be purchased from the following vendors:
Barnes and Noble