Startups · Investment strategies

Are Theranos and other secretive startups a scam?

Angel Otero Consultant en Freelance IT Consultant & Service Provider

September 19th, 2016

Theranos was able to receive investments totaling $686M with a valuation close to $9B according to Crunchbase. Some of its top tier investors included ATA Ventures, Continental Ventures, DFJ, Tako Ventures, and Walgreens amongst others. The WSJ published an article on October 2015 explaining the facts behind Theranos technology which started a downward spiral for the company. There are other startups that keep their technology secretive such as Palantir. Are they all a scam? Why sophisticated VCs fail in performing due diligence?
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Mark Swanson Leader, Entrepreneur, Strategist, Technologist

September 19th, 2016

Not all secrets are scams, but all scams require a willing recipient who is either greedy or charitable.  I have not met any charitable VCs...

Alfred Luckerbauer BitCoinTrainer & BitCoinInvestor

September 19th, 2016

I started and spent time to reseach about BitCoin......result......  YESSSSssss

contact me or people with a proven track record...... email or call +43-680-144-2586     NO BULL

Nigel Dessau Chief Marketing Officer at Wellsmith, LLC

September 19th, 2016

good read: http://www.vanityfair.com/news/2016/09/elizabeth-holmes-theranos-exclusive

Irwin Stein Very experienced (40 years) corporate,securities and real estate attorney.

September 19th, 2016

Most VC funds conduct due diligence, some better than others. Yes there are a lot of scams out there and the best ones are hard to detect.

Tom Duffy

September 19th, 2016

great marketing can make people lose their minds especially in a area that is very tech or socially conscious