"the moment you have a back up plan, you admit to failure."

"you cannot get a test done and paid for by insurance unless you're symptomatic for a given disease." 




Elizabeth Holmes

From Wikipedia, the free encyclopedia
Elizabeth Holmes
BornFebruary 1984 (age 30)
Washington, D.C.
ResidencePalo Alto, California
NationalityAmerican
Alma materStanford University (dropped out)
Net worth$4.5 billion[1]
TitleFounder & CEO, Theranos
Term2003–present
Website
theranos.com

Elizabeth Holmes (born 1984) is an American health technology entrepreneur.[2] She is the founder and CEO of Theranos, a health technology and medical laboratory services company.

Early life[edit]

Elizabeth Holmes was born in February 1984 in Washington, D.C.. Her father, Christian Holmes IV, worked in the United StatesAfrica and China as part of government agencies such as USAID. Her mother, Noel Anne (Daoust),[3] worked as a Congressional committee staffer. She has a brother, Christian Holmes V, who is the director of product management at Theranos. One of her ancestors was a founder of the Fleischmann's Yeast company.[4] She is related to actress Katherine MacDonald who was married to Christian Rasmus Holmes II (1898-1944).

As a child, she read the biography of her great-great-grandfather Christian R. Holmes, who was a surgeon, engineer, inventor and a decorated World War I veteran. He was born in Denmark in 1857 and was the dean of the University of Cincinnati College of Medicine,[5] where a hospital is named after him. The career of her ancestor inspired Elizabeth to take up medicine, but she soon found that she had a fear of needles.[4] She later described this fear as one of her motivations to launch Theranos.[6]

When she was 9, her family moved to Houston, where her father had taken up a job with Tenneco. Intrigued by their father's work in China, Elizabeth and her brother learned Mandarin Chinese at a young age.[4] She spent her teenage years in China, and while still in school, started a business selling C++ compilers to Chinese universities.[7][4]

Education[edit]

In 2002, Holmes enrolled at Stanford University to study chemistry. As a freshman, she was named one of the "President's Scholars" and given a stipend of $3,000 to pursue a research project. She persuaded her chemical engineering professor, Channing Robertson,[4] to use the money for a project in his lab.

Holmes supplemented her childhood knowledge of Mandarin with summer language programs at Stanford. This helped her obtain an internship at the Genome Institute of Singapore. The Institute was working on developing new methods to detect the SARS coronavirus in blood or nasal swabs.

After her return to the US, she wrote a patent application on a wearable patch that would help administer a drug, monitor the variables in the patient's blood and adjust the dosage to achieve the desired effect. She showed her application to Professor Robertson, and told him they could put a cellphone chip on this patch for telemedicine.[4] She filed the patent application in September 2003, as "Medical device for analyte monitoring and drug delivery".

Business career[edit]

Holmes proposed establishing a company to Professor Robertson in the fall of 2003, while she was a 19-year old sophomore at Stanford. She used the money that her parents had saved for her education, to establish Real-Time Cures in Palo Alto. Later, she changed the company's name to Theranos (an amalgam of "therapy" and "diagnosis"), because she believed that many people had a cynical reaction to the word "cure".[4] Initially, she worked out of a basement of a group college house.[2] A semester later, she dropped out to pursue her business career full-time. Professor Robertson served as a Director of the company.

Over the next decade, the company grew gradually, raising $400 million from Draper Fisher Jurvetson and Larry Ellison, among others. During this time, Theranos operated in "stealth mode", remaining highly secretive to avoid potential competitors and investors who could fund a competitor. In 2007, it took three former employees to court, accusing them of misappropriating trade secrets.[7]

By 2014, the company offered 200 tests and was licensed to run in every state of the US.[4] It had 500 employees and was valued at more than $9 billion. Holmes retained control of more than 50% of the company's equity.[8]

As of 2014, Holmes has 18 US patents and 66 non-US patents in her name and is listed as a co-inventor on over a hundred patent applications.[4] Holmes is the youngest self-made female billionaire on the Forbes 400 list, where she is #111; her net worth is an estimated $4.5 billion.[1]

http://en.wikipedia.org/wiki/Elizabeth_Holmes 

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