Silicon Valley’s fallen star


Shattered dreams: Holmes (centre) was convicted of fraud for turning her blood-testing startup Theranos into a sophisticated sham that duped billionaires and investors. — AP

SAN FRANCISCO: Elizabeth Holmes’s startup Theranos made her a multi-billionaire hailed as the next United States tech visionary by age 30, but it all evaporated in a flash of lawsuits, ignominy and, finally, criminal charges.

The rise and fall of Holmes, who on Monday was convicted of defrauding investors of her biotech startup, is a heavily-chronicled saga that prompted a hard look at her methods but also the unseemly aspects of startup life.

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