[jlarocco]

There's also opportunity cost, though, and the fact that Theranos with a full staff and boatloads of money produced basically nothing.

And $10 million can fund a lot of smaller startups with better odds of success and less baggage.

IMO, the smart investors will move on and hope for some other sucker to give Theranos money. It's rough, but if they can't afford to lose sometimes they shouldn't be in venture capital.

Also, a new investor, giving only $10 million after they've raised nearly $1 billion, is going to be really far down the list of people getting their money back if Theranos turns it around somehow.