How did Theranos get its name?
Holmes dropped out of Stanford in 2003 and used the education trust from her parents to found the company that would later be called Theranos, derived from a combination of the words “therapy” and “diagnosis”.
How did Elizabeth Holmes start Theranos?
Months later Ms Holmes dropped out of Stanford aged 19 and launched Theranos, this time coming up with an apparently revolutionary way of testing blood from a simple finger prick. Powerful people were enthralled and invested without seeing audited financial accounts.
What does Theranos mean in Greek?
In ancient Greek mythology Theranos was the god of health, who stole medicine from the gods for the good of mankind and was sentenced to eternal punishment by Zeus for his troubles. In fact, everything about Theranos – the infamous health-tech unicorn founded by Elizabeth Holmes – was a lie.
Why was Theranos founded?
A Timeline of Theranos’s Rise and Fall. 2003: Nineteen-year-old Stanford chemical and electrical engineering drop-out Elizabeth Holmes founded Theranos with the aim of revolutionizing blood testing. 2004: Theranos raised $6.9 million in early funding gaining a $30 million valuation.
Who was on the board of Theranos?
Theranos’ board of directors Henry Kissinger (former United States Secretary of State); Jim Mattis (retired Marine Corps four-star general); George Shultz (former United States Secretary of State); Richard Kovacevich (former CEO of Wells Fargo);
Who funded Elizabeth Holmes?
After founding Theranos in 2003, Holmes leveraged family connections to raise initial funding from investors Tim Draper, the father of her childhood friend and former neighbor, and Victor Palmieri, one of her father’s long-time friends. By the end of 2004, she had raised nearly $6 million.
Does Elizabeth Holmes still have money?
By 2015, Forbes had named Holmes the youngest and wealthiest self-made female billionaire in America on the basis of a $9-billion valuation of her company….
| Elizabeth Holmes | |
|---|---|
| Title | Founder and former CEO, Theranos |
| Spouse(s) | Billy Evans ( m. 2019) |
| Partner(s) | Ramesh Balwani (2003–2016) |
| Children | 1 |
Who is the partner of Elizabeth Holmes?
Billy Evans2019—
Elizabeth Holmes/Spouses
A constant support: Billy Evans, Elizabeth Holmes’s partner. She came with her mother, Noel Holmes, and another person who has been a consistent presence alongside her at the trial: Billy Evans, her partner. Mr. Evans’s family founded the Evans Hotel Group, a hotel chain in Southern California.