Biography and photos of Elizabeth Holmes, founder of Theranos
Elizabeth HolmesElizabeth Holmes is one of the self-made people in the field of technology who managed to achieve a huge fortune at the age of 30. After graduating from the university, he founded Theranos Company, which was active in the field of health technology and medical laboratory services. In the rest of this cover article, the biography of this self-made billionaire is mentioned.
A summary of the biography of Elizabeth Holmes:
Full name: Elizabeth Anne Holmes
Date of birth: February 3, 1984
Place of birth: Washington, DC, USA
Nationality: American
Profession: Founder of Theranos Company
Education: Withdrawal student, Stanford University
Beginning of activity: 2003 to 2018
Biography of Elizabeth HolmesBiography of Elizabeth Holmes:
Elizabeth Anne Holmes was born on February 3, 1984 in Washington, DC, USA. He is the result of the marriage of Christian Rasmus Holmes IV and Noel Dovet. Her father was an employee of the government of America, China and Africa, and his business activities caused Elizabeth to start learning Mandarin from an early age, which is one of the main Chinese languages.
Childhood of Elizabeth Holmes:
According to what Elizabeth herself has announced, she was not normal since she was a child, and a drawing of a car can be seen in her notebook at the age of seven. At the age of 9, following her father's business career, they moved to the Houston area in Texas, and Elizabeth went to Houston with her younger brother, Christian V.
People around Elizabeth say that when she was 9 years old, she told her acquaintances that she wanted to become a billionaire when she was an adult. Those close to Holmes also considered this very seriously with a serious determination. During high school, he formed his professional ethics and studied late at night.
Elizabeth quickly started her first business, selling compilers for the C++ programming language. Elizabeth's grandfather was a surgeon, this became a model for her to go to the medical field, and she realized very quickly that she was afraid of needles. He later stated that this fear inspired him to establish Theranos.
Biography of Elizabeth HolmesElizabeth Holmes entering the university:
Holmes eventually began studying chemical engineering at Stanford University, and after his first year at university, he went to the Singapore Genome Institute for an internship. One of the reasons why Elizabeth got this job was her mastery of Mandarin Chinese.
Establishment of the initial company of Elizabeth Holmes:
In the second year of his university, he proposed the establishment of the company to Channing Robertson, who was one of his professors. Finally, with the encouragement of his teacher, he founded the company Real-Time Cures, which he later changed its name to Theranos.
Elizabeth was able to quickly patent a medical device for analyzing analytes and drug delivery, this wearable device was designed to administer drugs, evaluate the patient's blood and adjust the dose of the drug as needed.
Elizabeth skipped the next semester of college and dropped out of Stanford to focus on Theranos in the basement of her college house. His business model was based on providing a solution for medical tests with an exclusive technology that could express the required information through a small needle to the finger and some blood.
Holmes claimed the test could detect diseases such as cancer or high cholesterol.
Elizabeth Holmes; Founder of Theranos CompanyAscent of Theranos:
Elizabeth Holmes began attracting investors and sought help from famous figures such as Larry Ellison, who was the founder of Oracle. Theranos was able to get more than 700 million dollars of capital. He had announced to the investors that if their money was accepted, he would not be forced to interpret the Theranos technology, besides, he wanted to have the first and last word in the company.
Secrecy carried over to all parts of Theranos, and he quickly took three of his company's employees to court for misusing Theranos trade secrets. This management approach of Elizabeth was inspired by Steve Jobs, so that she even wore black turtlenecks.
In 2008, Theranos' board of directors decided to remove Elizabeth Holmes as CEO and replace her with someone more experienced, although Elizabeth convinced the audience in a two-hour meeting that she would still be in control of the company.
As she continued to raise millions of dollars in additional capital, Elizabeth gained media attention and gradually became known among the public. He has been featured in Fortune and Forbes magazines, has given talk shows, and even been interviewed by Bill Clinton and Jack Ma.
Theranos quickly began making outside deals, with Capital Blue Cross and the Cleveland Clinic asking the company to offer its tests to their patients, and Walgreens announcing plans to have Theranos testing centers in its stores.
During this period, Elizabeth Holmes was known as the youngest self-made female billionaire in the world, whose personal fortune was estimated at 4.5 billion dollars. Elizabeth's obsession with security continued and she asked all visitors to Theranos to sign a non-binding agreement. to sign the disclosure, also during their presence, a security guard should have moved with them. He hired a bodyguard for his pleasure and made the glass of his room bulletproof.
The success of Elizabeth Holmes in TheranosFall of Theranos:
With the increasing progress of Theranos, questions arose regarding the company's technology. Theranos chief scientist Ian Gibbons, who was one of the company's first employees, told Elizabeth that the test device was not yet ready for public release and was not accurate enough. Other foreign scientists have also expressed concerns about Theranos.
The US Food and Drug Administration's investigation into Theranos began in August 2015, and government regulators also found major inaccuracies in the company's ongoing tests on patients. The result of Wall Street Journal investigations published in October of the same year, which showed problems with Theranos technology, these issues started the path of Theranos' downfall.
Daily Wall Street reporter Johnny Carrero had noticed that the Theranos blood test machine, which was known as Edison, could not give accurate results, so the company obtained the results of the test samples through the same traditional mechanisms.
After this incident, Elizabeth Holmes appeared on CNBC to defend her company, she claimed that she was looking to change the world and this is what caused them to attack Theranos.
In addition to the US Food and Drug Administration, in 2016 the US Center for Healthcare Services and the Securities and Exchange Commission started an investigation about this company. In July of the same year, Holmes was banned from participating in medical trials for two years, and in October of the same year, the operations of Theranos Health Centers and Laboratories were suspended.
Beginning of prosecutions:
In March 2018, Theranos Elizabeth Holmes, along with her husband Sonny Balwani, who was the company's chief operating officer and number two, were charged with fraud by the Securities and Exchange Commission. Holmes agreed to relinquish control of the company's finances and decision-making. He paid a $500,000 fine and returned his $18.9 million stake in Theranos.
Despite these changes, Elizabeth Holmes remained the CEO of Theranos because the company was privately held. In a letter to investors, Elizabeth asked them for more money to save Theranos. In June 2018, it was announced that Holmes was stepping down as CEO.
On the same day, the US Department of Justice announced that a federal grand jury had indicted Elizabeth Holmes and Sonny Balwani on nine counts of indirect fraud and two counts of conspiracy to defraud. In September of that year, Theranos announced in an email to its shareholders that it was shutting down.
In addition to criminal cases, Elizabeth Holmes also had civil complaints in her file, for example, a Theranos patient had sued them for negligence in the company's blood tests. However, in February 2020, a judge dismissed some of the charges against the American entrepreneur in a ruling that claimed patients had not suffered financial loss as a result of his actions.
When the corona virus epidemic happened and restrictions were placed on holding in-person meetings, the process of investigating the Holmes case and trial was first postponed to October 2020 and then to March 2021. Elizabeth Holmes once again requested that her trial be postponed until August 31 due to her pregnancy.
The story of the fall of Elizabeth HolmesAcceptance of Errors by Elizabeth Holmes:
Elizabeth Holmes claimed in court that Balwani used her emotionally and sexually. He stated that his ex-husband was in charge of scheduling and even had control over Elizabeth's diet. He admitted that logos of several pharmaceutical companies were added to Theranos without any report. This issue caused some investors to think that Theranos technology has been approved by these companies.
The Holmes case was finally handed over to a jury consisting of 8 men and 4 women. They found the Theranos founder guilty of one count of conspiracy to defraud investors and four counts of indirect fraud. Elizabeth Holmes was acquitted on four other counts, and the jury could not reach an agreement on the other three counts.
Shortly after this incident, the American network Hulu prepared a series based on the story of Holmes and Theranos and named it The Dropout.
Since the announcement of the jury's verdict, Elizabeth Holmes has tried very hard to get her appeal dismissed or another trial for her, but in the end all efforts were in vain and on November 18 of this year it was announced that Holmes must serve 135 months. be in prison.
Elizabeth Holmes must go to prison on April 27, 2023, equivalent to 7 Adribehesht 2023.
Elizabeth Holmes with her husbandMarriage of Elizabeth Holmes:
According to reports, Elizabeth Holmes got engaged to William Bailey Evans in early 2019, and after a few months, they got married in a private ceremony. Following this issue, the case of Balwani and Elizabeth was separated from each other.
compilation: Cover biographical section
