[Overtonwindow]

I feel like we've seen this before. Young startup, visionary founder, boat loads of money, then after lots of money burned, outright lies, false claims, or at the very least vaporware.

[learc83]

The funny thing is, this startup isn't that young. It's 12 years old. Someone basically gave a completely inexperienced founder tens of millions of dollars and over a decade to run an R&D lab.

[maxlamb]

hundreds of millions.

[Overtonwindow]

Oh wow good point, that's never happened before... /sarcasm To your point, longevity does not equal success. Twelve would make it 2003.. Before Facebook. Before the huge boom. Twelve years is a long time to be a "startup".

[PhantomGremlin]

These things come and go in cycles. Back in 1980 there was a startup that raised $230 million. That was, as they say, "real money" back in the day.

Great pedigree. But, eventually, poof, gone. Nothing much to show for all the investment.

https://en.wikipedia.org/wiki/Trilogy_Systems

[Mimick]

Wait, but how the founder became a billionaire? I thought they are generating huge profit already...

[ksherlock]

Make believe billionaire, based on Theranos having a $9 billion valuation, based on $90 million in VC investments.

[dnautics]

Cambrian Genomics?

[dbcooper]

Both them and Theranos suffered the suicide of their technical lead ...

[w1ntermute]

Halcyon Molecular?