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Holmes's Prison Film Reveals New Startup Plans
17 Oct
Summary
- Elizabeth Holmes is subject of an Oscar-tipped documentary released in the US on Friday.
- Holmes founded Theranos at 19, promising revolution in blood testing.
- Even before prison, Holmes and partner planned a new medical tech startup.
The life and fall of Theranos founder Elizabeth Holmes is now the subject of a new documentary, "You Can See Everything." The film offers a unique perspective on her legacy, documenting the 34 days before she reported to federal prison camp Bryan, Texas, to begin an 11-year sentence for wire fraud and conspiracy.
Holmes, who founded Theranos at age 19 after dropping out of Stanford University, had promised to revolutionize the multibillion-dollar blood-testing industry with technology using just a few drops of blood. She captivated investors and high-profile board members, becoming America's youngest self-made female billionaire.
However, the company's promises were built on illusion. Investigations revealed a lack of verifiable data and widespread deceit. Despite the collapse of Theranos in 2018 and her subsequent sentencing in 2022, Holmes's story continues to resonate, with some experts viewing her as power-driven rather than purely a charlatan.
Remarkably, even as Holmes prepared to enter prison in May 2023, she and her partner, Billy Evans, were actively planning a new medical tech startup. This venture, named Haemanthus, allegedly holds patents for a device claiming to scan blood, urine, and saliva samples using lasers.
