How to pump up the value of a company? Hire as many popular dudes/gals and get them on your board or in a press release.
It’s what the leadership at Theranos did.
It’s what the leadership at Theranos did.
Theranos's board members are a bunch of army generals with no technical experience.
Ive is an expert in building consumer devices...and that is what he is doing right now with OpenAI.
However, having a bunch of popular influential people working in the same team isn't exactly a recipe for success. But comparing to theranos is a bit unfair.
> Theranos's board members are a bunch of army generals with no technical experience.
OpenAI's board includes Retired U.S. Army General Paul M. Nakasone.
> Ive is an expert in building consumer devices...and that is what he is doing right now with OpenAI.
Surely, Theranos didn't hire a board of highly qualified doctors and medical professionals?
https://fortune.com/2016/04/07/theranos-adds-startlingly-wel...
In both cases I think the name and the press release is more valuable than the work being done by these famous names. That doesn't mean it's fraud, but it's a gross marketing tactic that sure looks similar to the behavior of fraudsters.
Theranos' weren't majority of biotech.
Theranos never shipped a real product. OpenAI has, and has millions of direct active users plus millions more indirect active users via tech companies building products on top of their API.