Resource

Bad Blood: Secrets and Lies in a Silicon Valley Startup Highlight

posted on in: Quote.

The red flags were piling up. First, Elizabeth had denied him access to their lab. Then she’d rejected his proposal to embed someone with them in Palo Alto. And now she was refusing to do a simple comparison study. To top it all off, Theranos had drawn the blood of the president of Walgreens’s pharmacy business, one of the company’s most senior executives, and failed to give him a test result! Van den Hooff listened with a pained look on his face. “We can’t not pursue this,” he said. “We can’t risk a scenario where CVS has a deal with them in six months and it ends up being real.” Walgreens’s rivalry with CVS, which was based in Rhode Island and one-third bigger in terms of revenues, colored virtually everything the drugstore chain did. It was a myopic view of the world that was hard to understand for an outsider like Hunter who wasn’t a Walgreens company man. Theranos had cleverly played on this insecurity. As a result, Walgreens suffered from a severe case of FoMO—the fear of missing out.

— John Carreyrou

Replicated under Fair Use from Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou.

Copy this link to share with your friends.

https://aramzs.xyz/resources/quotes/bad-blood-secrets-and-lies-in-a-silicon-valley-startup/the-red-flags-were-piling-dddb9/