Theranos
Healthtech/diagnosticsUSA
New to Unitard
π Dead / Bankrupt
PeakΒ $9 BillionToday
~-100%
from peak
- π¦Became a unicorn2014
- πPeak valuation$9 Billion β14
- πBecame a UnitardJun 2016
- πΈLast valuationWiped out
π₯ Raised & burned
$945M
Total raised
$200K/day
Burned Β· 13.0y alive
Funding: Wikipedia/CNBC
Current status
Dissolved (Sept 2018); founder convicted of fraud
The rise & fall
9 moments Β· 2003β2023The key moments.
2003
2003
Founded by a Stanford dropout
19-year-old Elizabeth Holmes promises hundreds of blood tests from a single finger-prick.
Wikipedia
2014
2014
The peak: a $9B valuation$9B
Holmes becomes a celebrated paper billionaire β magazine covers, board seats for statesmen.
Fortune
Oct 2015
Oct 2015
The WSJ investigation lands
John Carreyrou reports the Edison device doesn't work and results were run on commercial machines.
WSJ
Jun 2016
Jun 2016
Forbes revalues Holmes's stake at zero
Regulators sanction the lab; partners flee; the $9B evaporates on paper.
Forbes
Mar 2018
Mar 2018
SEC charges Holmes with fraud
She settles, surrenders control, and is barred from serving as an officer for a decade.
SEC
Sep 2018
Sep 2018
Theranos dissolves
The company winds down and pays creditors with its remaining cash.
WSJ
Jan 2022
Jan 2022
Holmes convicted of fraud
DOJ
May 2023
May 2023
Reports to prison β an 11-year sentence
DOJ
$9Bof peak value erased Β· 13 years
How it happened
Theranos claimed its Edison device could run hundreds of blood tests from a single finger-prick, reaching a ~$9B valuation in 2014 and making founder Elizabeth Holmes a paper billionaire. A 2015 Wall Street Journal investigation revealed the technology did not work and results were faked.
The SEC charged Holmes with fraud, Forbes cut the company's value to zero in 2016, and Theranos dissolved in September 2018; Holmes was later convicted and imprisoned.
Source: WSJ investigation; Holmes convicted 2022, imprisoned 2023 (DOJ)
Founder
- Elizabeth HolmesFounder & CEONo public profile matched
