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?