Elizabeth Holmes was a Silicon Valley entrepreneur. She left Stanford University at the age of 19 to start Theranos. She was the Chief Executive Officer of that company (Gibney 2019, 2:01). Edison’s invention was the main objective of this firm. A medical device that takes a tiny amount of blood to perform several blood tests. This equipment will allow for early diagnosis and preventive care. You can use it to save lives. The company grew to a value of nearly $ 9 billion. Holmes owned fifty percent. (Gibney 2019 02:30:22). Journalists and former employees discovered the fraud. It was discovered that some tests were not performed as claimed by the company. The Elizabeth Holmes Story will be the subject of this essay. It will also highlight the importance of social networking and the glorifying entrepreneurs and women.
Entrepreneurs need to use social media for many reasons. It is vital that an investor or lender can lend funds and funding to inventors. An entrepreneur requires experts from different areas who can advise him on the best ways to adopt (Zetlin, 2015). These experts are essential because success rates without them can be very low. Gibney (2019), reports Elizabeth Holmes was connected to well-known and influential figures in the American Society. These included prominent investors such as Tim Draper as well elite politicians like Secretary of State Tim Draper. They also included military personnel and experts in Information Technology. Draper was able to raise venture capital in the millions, which enabled him to lead his company. Draper’s social network gave him the guidance he needed to run the business. Unfortunately, he was able to use some social networking to help her get strategic positions which enabled her secure contracts. She also avoided having to face regulators when discrepancies were discovered. David Boies became her partner to challenge whistleblowers. Therefore, social investors could be able offer advice, lend money or invest in the business.
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
