Bad Blood: Secrets and Lies in a Silicon Valley Startup

Bad Blood: Secrets and Lies in a Silicon Valley Startup

by John Carreyrou


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2018 Financial Times and McKinsey Business Book of the Year

The full inside story of the breathtaking rise and shocking collapse of a multibillion-dollar startup, by the prize-winning journalist who first broke the story and pursued it to the end in the face of pressure and threats from the CEO and her lawyers.

In 2014, 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 tests 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 $9 billion, putting Holmes's worth at an estimated $4.7 billion. There was just one problem: The technology didn't work.

For years, Holmes had been misleading investors, FDA officials, and her own employees. When Carreyrou, working at The Wall Street Journal, got a tip from a former Theranos employee and started asking questions, both Carreyrou and the Journal were threatened with lawsuits. Undaunted, the newspaper ran the first of dozens of Theranos articles in late 2015. By early 2017, the company's value was zero and Holmes faced potential legal action from the government and her investors. Here is the riveting story of the biggest corporate fraud since Enron, a disturbing cautionary tale set amid the bold promises and gold-rush frenzy of Silicon Valley.

Product Details

ISBN-13: 9781524731656
Publisher: Knopf Doubleday Publishing Group
Publication date: 05/21/2018
Pages: 352
Sales rank: 21,950
Product dimensions: 6.40(w) x 9.30(h) x 1.50(d)

About the Author

JOHN CARREYROU is a two-time Pulitzer Prize-winning investigative reporter at The Wall Street Journal. For his extensive coverage of Theranos, Inc., Carreyrou was awarded the George Polk Award for Financial Reporting, the Gerald Loeb Award for Distinguished Business and Financial Journalism and the Barlett & Steele Award for Investigative Journalism in 2016. Carreyrou lives in Brooklyn with his wife and three children.

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Excerpted from "Bad Blood"
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Copyright © 2019 John Carreyrou.
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Table of Contents

Author's Note ix

Prologue 3

1 A Purposeful Life 9

2 The Gluebot 18

3 Apple Envy 30

4 Goodbye East Paly 41

B The Childhood Neighbor 54

6 Sunny 67

7 Dr. J 81

8 The miniLab 95

9 The Wellness Play 109

10 "Who Is LTC Shoemaker?" 120

11 Lighting a Fuisz 132

12 Ian Gibbons 141

13 Chiat\Day 150

14 Going Live 161

15 Unicorn 174

16 The Grandson 184

17 Fame 201

18 The Hippocratic Oath 213

19 The Tip 223

20 The Ambush 240

21 Trade Secrets 250

22 La Mattanza 259

23 Damage Control 268

24 The Empress Has No Clothes 281

Epilogue 294

Afterword to the Vintage Books Edition 300

Acknowledgments 303

Notes 307

Index 327

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