Bloody mess: What Elizabeth Holmes’s conviction means for start up culture

Is Theranos founded Elizabeth Holmes’s guilty verdict the kick start-up culture needs to reboot its toxic obsession with fundraising and personality cults over actual results?

Words: Tom Ward

In a trial that rocked the business world, Theranos founder Elizabeth Holmes has been found guilty of defrauding investors to the tune of $700 million. The trial, held at the Robert F. Peckham Federal Building on January 3, 2022 in San Jose, California found the former CEO, 37, guilty of four counts of fraud, out of 11 charges.

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