Elizabeth Holmes’ trial to dissect downfall of a tech star

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Just six years ago, Elizabeth Holmes seemed destined to fulfill her dream of becoming Silicon Valley’s next superstar.

She was the subject of business magazine cover stories describing her as the youngest self-made female billionaire in history, former US President Bill Clinton was reverently quizzing her about her thoughts on technology, and then Vice President Joe Biden was hailing her ideas as an inspiration.

Besides rehashing Holmes’ stunning rise and fall, the three-month trial may also shine a light on how style sometimes overshadows substance in Silicon Valley, which prides itself on an ethos of logic, data and science over emotion. If nothing else, Holmes proved to be a master marketer while pitching the premise that Theranos would help people avoid having to tell their loved ones “goodbye too soon”.

Told in Holmes’ husky voice, the story sounded so compelling that she could assemble a well-connected board of directors that helped burnish Theranos’ credibility. The board included former US Secretaries of State Henry Kissinger and George Shultz, former US Defense Secretary James Mattis, former Sen.

Significant amounts of the money pouring into Theranos came from billionaire investors, including media baron Rupert Murdoch, Walmart’s Walton family, the DeVos family that included former US Education Secretary Becky DeVos, Mexico business mogul Carlos Slim and former Oracle CEO Larry Ellison.

 

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