Theranos founder Elizabeth Holmes imprisoned for 11 years; Read full story of this riches-to-rags entrepreneur, in PICS

The story began with the conception of revolutionary idea in Elizabeth Holmes’s mind. She thought of a blood testing wearable device that would monitor patients’ blood, drug delivery, and adjsut dosage as needed. When she was a sophomore, Holmes founded a company called real-time cures, which eventually became Theranos. It all started in 2014.

Theranos’ business model was based on this revolutinary idea that the device would run blood tests using proprietary technology such as pinprick in your finger. However, it would tell or detect medical conditions like cancer and high cholesterol.

He started rasing venture funds from prominent capital including Draper Fisher Jurvetson and Larry. 

She was hailed as a female Steve Jobs due to her idiosyncracy and appearance. She started wearing black turtlenecks like Jobs, decorated her office with things and never took vacations. Holmes found space on Fortune and Forbes, gave a ted talk, and acclaimed media attention.

She had become the world’s youngest self-made female billionaire with a net worth of around $4.5 billion.

However, she never revealed to public or investors how Theranos’ technology worked. Moreover, she would have final say over everything having to do with the company.

The inflationary balloon exploded when Wall Street Journal reporter John Carreyrou published an investigative story revealed Thearnos’s fraud. It revealed inefficency in technology and couldn’t give accurate results.

In July 2016, Elizabeth Holmes was banned from the lab-testing industry for two years. By October, Theranos shut down many sections including lab operations and wellne

In March 2018, Theranos, Holmes, and Balwani were charged with "massive fraud" by the SEC. The company was finally shut down.

On November 19, 2022, she was sentenced to over 11 years jail for frauding investors and patients.