How Theranos' Big Investors Were Taken

Published: Dec 01, 2016

I read the recent news of the big names who wrote $100 million checks to Theranos and wondered how they could have made such gigantic bad bets. Are there parallels to the Madoff scandal?

A veteran medical technology investor concludes that there may be two big reasons they agreed to invest in Theranos — it seemed to offer a compelling mission to the managers of their family offices and they assumed that with all the luminaries associated with Theranos, someone must have done due diligence on its product.

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