elizabeth holmes / theranos

7/25/2019 Elizabeth Holmes / Theranos

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ELIZABETH HOLMESFounder and CEO of therenos


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AG

Who is Elia!eth Hol"es# $e% &alues and 'hiloso'h%

Leadershi' St%le

Hol"es as a Glo!al Leader

Hol"es( and Thera"os )ision

Funda"ental Truth

Wra' *' and +uestions


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WHO IS ELIZABETH HO Dro''ed out of Stanford *ni&ersit% in ,--.

She s'ent /- %ears se0retl% de&elo'in1 an easier2a% to test !lood

Founded a dia1nosti0 0o"'an%3 Theranos

4e5uires onl% a thu"! 'ri06 of !lood to run atest

7artnered 2ith Wal1reens3 Theranos is slo2l%o'enin1 0lini0s in 'har"a0ies around the0ountr%3 startin1 in California and 7hoeni8

She ho'es to o'en in all 93:-- Wal1reens

At the a1e of ./ she is the %oun1est self;"ade2o"an on the For!es :-- ri0h list

Current net 2orth of !illion


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$E@ )AL*ES AND 7HILO

He 2as dia1nosed one da% 2iths6in 0an0er3 2hi0h all of asudden 2as !rain 0an0er and inhis !ones= He didn(t li&e to seehis son 1ro2 u'3 and I ne&er 1otto sa% 1ood!%e=


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A*THENTIC LEADE

Hol"es( u'!rin1in1 has fostered an authenti0 leadershi' st%le She 6no2s 2ho she is

What she !elie&es and &alues Live a purposeful life

She a0ts u'on these &alues and !eliefs 2ith full trans'aren0%

I grew up with stories of greatness and about people deciding not to slives on something purposeful, and what happens to them when they choice-the impact on character and quality of life.


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E&er% ti"e %ou see a 1lass0eilin13 there(s an iron2o"an( underneath it=

li!abeth "olmes#.$. %epartment of $tate&s 'ech(omen

Initiative. )ct. *+ alo /lto, 0/

Ins'ired !% for"er 7ri"eMinister Mar1aret That0her3The Iron Lad%

T4ANSFO4MATLEADE


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T4ANSFO4MATLEADE

Contri!utin1 to the 1lo!al 0o""unit%=

A00ess to aorda!le !lood tests= Glo!al e8'ansion# .rd2orld a''li0ation#

Creatin1 solutions that !enete&er%one=

Ins'irin1 future leaders=

Net2or6in1 e&ents=

Dis0ussions inter&ie2s=

Des'ite a00usations3 'resses on=


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Transfor"in1 Health0are !% E"!ra0in1 Failure

T4ANSFO4MATLEADE
http://www.youtube.com/v/hLTAFbKbC8w&feature?version=3&start=462&end=552&autoplay=0&h1=en_US&rel=0http://www.youtube.com/v/hLTAFbKbC8w&feature?version=3&start=462&end=552&autoplay=0&h1=en_US&rel=0http://www.youtube.com/v/hLTAFbKbC8w&feature?version=3&start=462&end=552&autoplay=0&h1=en_US&rel=0http://www.youtube.com/v/hLTAFbKbC8w&feature?version=3&start=462&end=552&autoplay=0&h1=en_US&rel=0


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Intri1ued !% her father(s 2or6 in China=

Learned Mandarin Chinese at a1e 9=

S'ent teena1e %ears in China= 2hile still in s0hool3 started a !usiness

sellin1 C 0o"'ilers to Chineseuni&ersities=

Internshi' at the Geno"e Institute ofSin1a'ore ,--,,--.=

2or6ed on de&elo'in1 ne2 "ethods todete0t the SA4S &irus in !lood=

GLOBAL LEADE4SHI7 JO


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What "a6es a 1lo!al leader# Tra&el# Forei1n e"'lo%ees#

Glo!al Cor'oration# A2ards#

Hol"es has a 1lo!al "indset=

Has a!ilit% to/=Conne0t

,=Create

.=Contri!ute

WH@ A GLOBAL LE


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#nited $tates residential/mbassador for 1lobalntrepreneurship.

@oun1est 'erson to !e a2ardedthe Horatio Al1er A2ard=

TIME /-- Most InKuential 7eo'lein the World in ,-/>=

Honorar% do0torate ; 7e''erdine*ni&ersit%=

Board "e"!er of the Har&ardMedi0al S0hool Board of Fello2sand the CSIS Board of Trustees=

WH@ A GLOBAL LE


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WH@ A GLOBAL LE Conne0tin1 2ith or1aniations and

'eo'le=

Earl% %ears in China learnin1Chinese=

0ultural 0onne0tion=

7artnerin1 2ith Wal1reens !usiness 0onne0tion=

*=S= De'art"ent of State(sTe0hWo"en Initiati&e=

te0h; and s0ien0e;fo0used

"entorin1 sessions

'rofessional de&elo'"ent 2or6sho's

net2or6in1 e&ents

fo0used on 2o"en fro" the MiddleEast3 Afri0a and Central Asia

o&erseen !% the Institute of

International Edu0ation

)ct. *+ alo /lto,


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Hol"es( life 2or6 in !uildin1 Theraredene the 'aradi1" of dia1nosisone in 2hi0h 'eo'le ha&e to 'rese

s%"'to" in order to 1et a00ess to a!out their !odies3 to one in 2hi0h'erson3 no "atter ho2 "u0h "oneha&e or 2here the% li&e3 has a00esa0tiona!le health infor"ation at th"atters=

C4EATING THE4


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C4EATING THE4

Creatin1 &alue !% !rid1in1 'eo'le

and resour0es= A00ess to health info a hu"an ri1ht=

Founded Theranos aorda!le testin1 for e&er%one=

si"'lied !lood dra2in1 "ethod=

"ulti'le lo0ations=

Stand;alone 0lini0s 7artnershi's Wal1reens

re0i'ro0al &alue to Wal1reens#

0reatin1 an e0ient 'ro0ess=


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we believe access toactionable healthinformation is a basichuman right.

Elia!eth Hol"es3 CEO andFounder

C4EATING THE4


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$E@ )AL*ES DEFINE )

Hol"es en&isions a 2orld in 2hi0h e&er% 'erson has a00ess to a0tiona!le health infor"ation at the

"atters

no one e&er has to sa% if onl% I had 6no2n sooner(

no one e&er has to sa% 1ood!%e too soon

e&er% 'erson 6no2s ho2 "u0h a test the% are 'a%in1 for is 1oin

the" !efore the% 1et that test done no one has to 1o throu1h the 'ain of traditional 'hle!oto"%


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THE4ANOS )

2to make actionable health information accessible everywhere at the time it matters, enabling early de

and intervention of disease, and empowering individuals information to live the lives they want to live.


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)

The Nanotainer Traditional Blood Sa"'


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) Elia!eth(s &ision3 "anifest !% transfor"ational leadershi'3 is s

a"on1 the Four I(s Idealied InKuen0e3 Ins'irational Moti&atIntelle0tual Sti"ulation3 and Indi&idualied Consideration es'eIdealied InKuen0e=

This is 'ri"aril% indi0ated !% her a0tions en0oura1in1 2o"en in 'arts of the 2orld to !rea6 1lass 0eilin1s as Mar1aret That0her inLadies=

)ision held too loft%3 ho2e&er3 0an !e !lindin1= Se&eral re&ie2s of !ein1 an e"'lo%ee at Theranos indi0ated e"'

treated as assetsnot 'eo'le3 there 2as e8tre"e "i0ro"ana1e"one re&ie2er at 222=1lassdoor=0o"oered Allo2 %our e"'lo%e2ithout insertin1 %ourself into e&er% sin1le 'roe0tP trust that the2hat %ou ha&e hired the" for= O'en %our e%es and see ho2 "an'eo'le ha&e 5uit and do so"ethin1 to 8 the 0ulture=
http://www.glassdoor.com/http://www.glassdoor.com/


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F*NDAMENTAL T


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F*NDAMENTAL T

Theranos 2as !uilt on the 're"ise that the% 0ould test for a 2id"edi0al 0onditions usin1 &er% s"all &olu"es of !lood 0olle0ted n1er sti06 in nanotainers=

The tests are to !e "u0h less e8'ensi&e than 0on&entional la! ta&aila!le to 'atients 2ithout a do0tor order=

The tests are 0o"'leted "u0h faster than 0on&entional tests=

Theranos is 0urrentl% &alued at Q


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F*NDAMENTAL T4*TH *A

The Wall Street Journal has laun0hed a series of s0re'orts on Theranos te0hnolo1%=

4e'orted that : for"er anon%"ous e"'lo%ees ha&e 5uthe &ia!ilit% of the te0hnolo1% and the a00ura0% of re'oresults=

Ar1ued Theranos "isre'resents the nu"!er of tests 0o

on 'ro'rietar% te0hnolo1% that ha&e !een &alidated= )ast "aorit% of the ,:- tests oered at their Ariona la

0ondu0ted on 0o""er0ial e5ui'"ent 'ur0hased fro" S

Theranos is &i1orousl% defendin1 a1ainst this atta06= All state"ents are true on the surfa0e3 !ut "isre'resen

0o"'an% &ision=

Carre%rou3 J=3 WSJ3 htt'222=2s=0o"arti0lestheranos;has;stru11led;2ith;!lood;tests;/:::99/R-/


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LOSING S*

Earl% !a06er3 Safe2a%3 a!andoned 'lansto 'o'ulate stores 2ith Theranos 0lini0safter in&estin1 "ore than - "illion=

T2o e8e0uti&es re0ei&ed alar"in1 results thatlater 'ro&ed false=

Theranos 0onsistentl% "issed 'lan deadlines=

Had !uilt 0lini0s in 9-- lo0ations=

Wal1reens is another "aor !a06er thathas halted 'lans to 0ontinue rollin1 out

Theranos lo0ations !e%ond the 0urrent:/=

Sha%on3 S=3 htt'222=!rand0hannel=0o",-/>/-,2al1reens;theranos;/-,/>


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DIFFE4ENTIATED TECHNO

To su''ort their funda"ental truth3Theranos "ust 'ro&e it has adierentiated3 disru'ti&e te0hnolo1%=

A!ott La!oratories i;Stat s%ste" is in usein / of . hos'itals in the *S and 0anidentif% ,> !lood "ar6ers usin1 ,;. dro's

of !lood in /- "inutes= Aleres e'o0 Blood Anal%sis s%ste"3 2hi0h

re0ei&ed FDA 0learan0e in ,--3 re5uiresonl% R, "i0roliters of !lood ;; or a!out ,dro's ;; and 0an "easure // "ar6ers=

htt's222=2ashin1ton'ost=0o"ne2s2on62',-/>/-.-theranos;1round!rea6in1;a''roa0h;isnt;!rea6in1;"u0h;ne2;1round


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F*NDAMENTAL TC*44ENT S

Theranos( 'ro'rietar% n1er sti06 !lood dra2 into a nonotainer anasso0iated 'ro'rietar% anal%sis e5ui'"ent is a''ro&ed for e8a0tl%HS)

Theranos has a r" stan0e that the FDA a''ro&al of their HS) tesa &ehi0le to 1et 0erti0ation of their te0hnolo1% as re1ulated "ediinstru"entation=

The% ha&e stated that /,- additional dia1nosti0 tests are in 5ueuea''ro&al in a strea"lined 'ro0ess ena!led !% HS) &ehi0le strate1%

Onl% o'eratin1 la!orator% is in Ariona3 thou1h tests 0an !e ordereCA Wall1reens=

O'eration in Ariona re5uired si1ni0ant eort !% Ms= Hol"es to 0testin1 re1ulations=

htt'222=usatoda%=0o"stor%te0h,-/>-V-,ne2;ariona;la2;and;fda;a''ro&al;1i&es;theranos;so"ethin1;to;0ele!rate


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*NICO4N S

Theranos is one ofSili0on )alle%(s "ostfa"ous uni0ornsUanunlisted startu' &aluedat o&er


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F*NDAMENTAL T

When %our as'irations are so dis0onne0ted fro" realit% that e&don(t do it for %ou an%"ore3 this is a 0lear si1n that %ou(&e !eenthe $ool AidUThis is 2h% it(s so i"'ortant for us to sni out uni0the% "a6e their 2a% into our li&es3 and &ie2 the" 2ith the sus'"%tholo1i0al !east deser&es=

Mi6e Daise%


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+*ES


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A77


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WHO IS ELIZABETH HO

When indi&iduals ha&e a00ess tinfor"ation a!out their !odies3 t!e1in to 0han1e out0o"es=

elizabeth holmes / theranos

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