Aron Solomon is the chief legal analyst for Esquire Digital and the editor of Today's Esquire. The Legal Concept of Due Diligence and How to Avoid Getting Duped
It simply doesn't add up that Elizabeth Holmes could have made any of these people believe anything. There is a very strong argument to be made that Theranos was as much a massive voluntary self-deception for these people than it was a fraud.
December 17, 2021 at 01:47 PM
7 minute read
Commentary
I was a venture partner for a large Chinese venture capital firm. We were hosting some pitches in North America and one of the pitches involved a physical product that was supposed to be able to perform certain pretty amazing functions. Clearly, anyone would want to invest in this product.
So I did what I thought was a very common-sense thing after we had all spent around a half hour asking about this device—I asked the founder to show it to us in use.
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