Bad Blood
Page turning
Compelling
Suspenseful

Bad Blood Secrets and Lies in a Silicon Valley Startup

NEW YORK TIMES BEST SELLER • NAMED ONE OF THE BEST BOOKS OF THE YEAR BY: NPR, The New York Times Book Review, Time, Wall Street Journal, Washington Post • The McKinsey Business Book of the Year The full inside story of the breathtaking rise and shocking collapse of Theranos, the one-time multibillion-dollar biotech startup founded by Elizabeth Holmes—now the subject of the HBO documentary The Inventor—by the prize-winning journalist who first broke the story and pursued it to the end. “The story is even crazier than I expected, and I found myself unable to put it down once I started. This book has everything: elaborate scams, corporate intrigue, magazine cover stories, ruined family relationships, and the demise of a company once valued at nearly $10 billion.” —Bill Gates In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup “unicorn” promised to revolutionize the medical industry with a machine that would make blood testing significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at more than $9 billion, putting Holmes’s worth at an estimated $4.7 billion. There was just one problem: The technology didn’t work. A riveting story of the biggest corporate fraud since Enron, a tale of ambition and hubris set amid the bold promises of Silicon Valley.
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Reviews

Photo of Patrick Book
Patrick Book@patrickb
5 stars
Jul 5, 2024

THIS STORY IS FUCKED DUDE I THINK I AM A COMMUNIST NOW

Photo of chris
chris@chrees
5 stars
May 5, 2024

A devastating portrayal of many of the terrible actions that took down Theranos. Charisma goes a long way in blindsiding followers who wanted to believe and support Elizabeth Holmes till the end. They gobbled her lies up even when presented with evidence of dishonesty.

Photo of Lindy
Lindy@lindyb
3 stars
Apr 2, 2024

It's the Theranos story, told comprehensively and without flair. I do wish that Carreyrou had fully committed to the editorializing he sometimes gestures towards in probing what exactly it is about American work culture, and especially the business culture of Silicon Valley, that enabled Holmes et al. to defraud people for over a decade. To give two examples, Carreyrou seems to be aghast by Theranos's practice of providing a catered supper to its employees in return for expected overtime late into the evening, but neglects to mention that in Silicon Valley/startup culture this is standard. Based on the number of times he mentions it, Carreyrou is also perturbed by Holmes's veneration of Steve Jobs, but he glances over how the cultivating of a cult of personality is highly recommended to those seeking financial success. I suspect Carreyrou's reluctance to criticism stems from his employment with the Wall Street Journal, which is, at the end of the day, a journal that must protect its own industry. And we all know Silicon Valley is the new Wall Street, complete with the (lack of) ethics.

Photo of Jb
Jb@jbr1992
2 stars
Mar 1, 2024

Predictable, the tale of many startups with lower stakes and less funding. We need to fund better companies and investors.

Photo of John Nettles
John Nettles@jnettl2
4 stars
Dec 27, 2023

Nice quick read Worth a library check out. Interesting look at start up culture an the blindness that can accompany an obsession with innovation.

Photo of Furculita Alexandru
Furculita Alexandru@furculita
5 stars
Dec 20, 2023

What went wrong for Elizabeth Holmes is that she applied the current Silicon Valley's ways of doing things to the wrong domain. What is unbelievable it is how long this took place under the "strict" supervision of the government.

Photo of Maurice FitzGerald
Maurice FitzGerald@soraxtm
4 stars
Dec 10, 2023

schadenfreude

Photo of Maria Tapia
Maria Tapia@rtapatio
5 stars
Nov 2, 2023

Really dove into the more unknown aspects of the theranos story. Humanized alot of the people involved and added some background onto just how big of a scandal it really was and why. The web of lies and crimes almost made this read like a crime thriller. Even though the ending was in the media the writing made me want to listen on to hear the writer tell it.

+1
Photo of Robyn Claridge
Robyn Claridge@robynclaridge
5 stars
Oct 10, 2023

I don’t often read a lot of non-fiction, but I’m so glad I stumbled across this book. It was absolutely fantastic. Gripping throughout, and very well-written. I worked my way through this so quickly. A very good piece of investigative journalism.

Photo of Denaiir
Denaiir@denaiir
5 stars
Oct 3, 2023

Extremely interesting account of the Theranos scandale which gives so many different perspectives on the whole story: the technology, the personality of the founders, the internal workings of the company (management style, secrecy) and the impact on patients, employees, and all the supporters. It was fantastic and I couldn't stop listening.

Photo of Sarah Schumacher
Sarah Schumacher@smschumacher
4 stars
Jun 25, 2023

Absolutely riveting, and a great example of what journalism is supposed to be. I’ve been aware of the Theranos saga over the last couple years so I was interested to get the full scoop in long form, but wow. It was hard to put down. As in I didn’t. Highly recommended if you’re interested in Silicon Valley drama, human nature and how not to run a startup. Also recommended for those who enjoy train wrecks. One takeaway I want people to pay attention to is how risky it is to rely on the knowledge of someone else when it comes to technical/scientific processes or devices. It’s crazy that with all the red flags about feasibility it took so long for people to catch on to the fact this device could not possibly do what she claimed it could do. On the other hand, I work with small businesses in a technical space and I see the same semi-blind trust that can lead to wasted funds or worse. If you’re investing in a business or even just paying someone to do your website, please do enough research to understand rudimentary principles. It’s really hard to make good decisions if you don’t understand at least some of the technical process behind things. I also believe a competent vendor should be able to explain their product or service in layman’s terms. If they can’t, or they refuse, it’s a red flag. This is also a rather extreme example of the importance of the business rule: “under-promise and over-deliver.” And, you know, honesty. Also that.

Photo of Xin Ma
Xin Ma@xym
4 stars
May 22, 2023

still flabbergasted that this happened under the nose even of Hilllary Clinton. writing this two days after she is imprisoned.

Photo of Lord Aragorn
Lord Aragorn@lordaragorn
5 stars
Feb 19, 2023

A complete and engaging description of the rise and fall of Theranos. Great attention to detail in describing the facts. The level of deception was just astounding and it was maddening to see how many people refused to call B.S. for the fear of missing out. It was also sad to see how Theranos and its lawyers ruthlessly went after the whistleblowers like Erika Cheung and Tyler Schulz.

Photo of Madhuri jain
Madhuri jain@madhuri_jain
5 stars
Feb 1, 2023

Following passion is really amazing thing but following it blindly leads you in the great troubles...!! could not put it down

Photo of farah
farah@apharos
5 stars
Jan 25, 2023

wow! what an exhilarating listen. I had never heard of Theranos but this book almost read like a thriller and I could not stop listening to it. It had a healthy amount of technical detail that gave me enough context to understand the story (although I had to assume the science that John put forth was solid). Great book and highly rec!

Photo of Savindi Jinasena
Savindi Jinasena@streetlightreader
5 stars
Jan 23, 2023

WOW I'll write more about this book later, but if I could recommend any non-fiction book this year, it would be Bad Blood. It's an incredible story which sometimes felt like could not be real for some of the absurdity of Elizabeth Holmes and Sunny Bulwani. Highly recommend this!

Photo of Shay
Shay@vallisje
4 stars
Jan 23, 2023

I've been following this case in the news since I heard about it a few years ago and this book fills in a lot of the gaps in the story of how Theranos and Elizabeth got busted. If it weren't for the courage and honesty of some of Elizabeth's employees its possible that a lot of harm could have been caused due to Holmes' lies. This is journalism at its finest.

Photo of Simao Freitas
Simao Freitas@simao
5 stars
Jan 19, 2023

Even after seeing the HBO documentary, this book still makes you cringe at how Theranos worked.

Photo of MK Rosencrants
MK Rosencrants@statmonkey
4 stars
Jan 18, 2023

** spoiler alert ** Serious page turner that's hard to put down. Well researched and I found the similarities to America's political climate enlightening and frightening. Worthy read.

Photo of Ivy X
Ivy X@poisonivayy
5 stars
Jan 10, 2023

flew through this book—-it was so interesting and well written & the theranos scam is so interesting to see how this company got so far despite rooted in healthcare

Photo of Arturo Hernández
Arturo Hernández@artthh
5 stars
Jan 3, 2023

This is an incredible book because one could almost think of it as a very well written novel with evil characters, unethical schemes, unjustified layoffs and even provoked suicides but when you realize that all of this is the recount of a true story, something that happened literally a couple of years from now, one cannot avoid being bewildered by these facts. This is a must read for anyone interested in Silicon Valley, startups or damn, even criminal novels!

Photo of Haylie
Haylie@its_hay
5 stars
Dec 28, 2022

I will forever be enthralled with Elizabeth Holmes's AUDACITY and Theranos lore.

Photo of Cindy Lieberman
Cindy Lieberman@chicindy
5 stars
Nov 9, 2022

A fascinating and engaging book that traces the rise and subsequent unraveling of Theranos, a start-up in automated blood testing. It’s a documentary but without the “why,” since the person behind it all is unable to admit her missteps and the author is a reporter, not prone to speculation. Only in the epilogue does the author (who broke the original story whilst working at the WSJ) imply the most likely reason: sociopath. From a family that made and lost a fortune over several generations, Elizabeth Holmes wanted from a very young age simply to “be a billionaire.” Her company’s mission had lofty goals of helping people control their medications and lead healthier lives. But when the company’s instrumentation and assays failed, she hid their shortcomings with workarounds and forgeries — putting lives at risk. I listened to the audiobook compulsively and recommend it highly.

Photo of Belle
Belle@bellebcooper
4 stars
Nov 6, 2022

Literally couldn't put this book down. I carried it everywhere for three days. Dense, but well-told and fun to read.