by reach_kapil on 10/17/15, 1:15 AM with 3 comments
After WSJ debacle, can theranos really recover? This just sounds so bad after its $9 billion valuation looking like all smoke!
by abb1234etric on 10/17/15, 1:29 AM
At the minimum they'd have to change their name and probably do a huge down round if they need to raise more money.. Also, is the CEO really going to want to run a traditional lab that has little competitive advantage over their competitors? Doesn't really fit into her ideal of making the world a better place. Are any of the board members going to want to stay on and take responsibility for this train wreck? People like Kissinger, Schultz, etc have everything to lose and little to gain from being on the boards of controversial companies. They are mostly concerned about their brand and legacy above all else. I don't think it looks good for them
by smt88 on 10/17/15, 4:36 AM
Nothing has changed at Theranos. They're still the same business they were before. Either they have a valuable product or they don't. The only thing that's changed is public perception, which doesn't necessarily have anything to do with attracting investors.