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by unwise-exe
836 days ago
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The actual comparisons from TFA: > That meant he had to grow fast and figure out the engineering on the fly — the classic entrepreneurial strategy of Silicon Valley. When it works, you get Tesla; when it doesn't, you get Theranos. > But if Theranos taught us anything, it's that a business model won't work if it hinges on a technology that doesn't exist. Sebastiani wasn't an Elizabeth Holmes-style grifter. Marshmallows are real! But he did ignore the experts, and proceeded without having the necessary technology in place. If there wasn't a machine that could mass-produce his marshmallows, he would just build one. How hard could it be? In Silicon Valley parlance, he would fake it until he could make it. The article is severely whitewashing the Theranos fraud. That's why it sees the comparison as legbitimate; it doesn't actually understand what Theranos did that was wrong. |
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