On: Theranos Secretly Bought Outside Lab Gear, Ran Fak...

[_mhyx]

Is this the first total collapse of a "unicorn" this time around? I can't think of any recent, high profile disintegrations of this order of magnitude.

[dpiers → _mhyx]

Gilt Groupe and Fab both sold at significantly lower values than they had previously raised at, not sure if that counts as a "total collapse".

I predict the next one will be Hampton Creek, given the criminal probe into their fraudulent buy-back scheme.

[ithinkinstereo → dpiers]

The federal probe into Hampton Creek has been closed. See: http://www.bizjournals.com/sanfrancisco/news/2017/03/27/hamp...

[inetknght → _mhyx]

You must have missed the Zenefits stuff. You clearly are missing out on Uber's continuing implosion, too.

[adventured → inetknght]

> total collapse

Neither Zenefits nor Uber meet that definition. Uber particularly isn't even remotely close to it. Unless you consider a company still holding a ~$50 billion valuation, with $9 billion in cash + credit line, chasing down $10 billion in sales for 2017, a total collapse.

[voidfunc → _mhyx]

Was Theranos really a unicorn? I'd barely heard of them until this story broke.

[dpiers → voidfunc]

Yes, they raised $350MM at a $9 billion valuation, and Holmes was hailed as the next Silicon Valley wunderkind.

[Nanite → dpiers]

Bit more actually, closer to $700M.

[Nanite → Nanite]

Why is this downvoted? it's true : https://www.crunchbase.com/organization/theranos#/entity

[minimaxir → voidfunc]

Theranos had received a $9 Billion valuation at its peak. https://www.forbes.com/sites/roomykhan/2017/02/17/theranos-9...