So Friday Book Beginnings you choose the book you are currently reading or the one that is closest to you and share the first few sentences. For the Friday 56 you simply turn to page 56 or 56% on your e-reader and share a sentence or two that you enjoy. Then just add maybe a synopsis about the book in case others are interested. That’s it!
Published on: May 21st, 2018 by Knopf Publishing Group
Summary (from Goodreads): In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup “unicorn” promised to revolutionize the medical industry with a machine that would make blood tests significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at $9 billion, putting Holmes’s worth at an estimated $4.7 billion. There was just one problem: The technology didn’t work.
For years, Holmes had been misleading investors, FDA officials, and her own employees. When Carreyrou, working at The Wall Street Journal, got a tip from a former Theranos employee and started asking questions, both Carreyrou and the Journal were threatened with lawsuits. Undaunted, the newspaper ran the first of dozens of Theranos articles in late 2015. By early 2017, the company’s value was zero and Holmes faced potential legal action from the government and her investors. Here is the riveting story of the biggest corporate fraud since Enron, a disturbing cautionary tale set amid the bold promises and gold-rush frenzy of Silicon Valley.
Book Beginning: “Tim Kemp had good news for his team. The former IBM executive was in charge of bioinformatics at Theranos, a startup with a cutting-edge blood-testing system.” (pg. 3)
Page 56: “.The thought that the daughter of longtime friends and former neighbors would launch a company in his area of expertise and that they wouldn’t ask for his help or even consult him deeply offended him.” (pg. 56)
Thoughts: Not getting much out of these two snippets but I am excited to dive into this to find out what happened with this startup company and hear the different sides of it through multiple views/interviews. Looks like 2020 is the year that I start diving into non-fiction.
What are you currently reading? Does this book sound interesting to you?