Theranos is clearly a failure. 14 years of wasting investors money, 700million (?) down the drain, nothing to show for it except bad publicity, FBI and FDA investigations and major compliance issues.
At what point do investors pull the plug / fire CEO and move on?
686.3million in 9 rounds (!!) to be exact. this is like a bad soap opera.
they were seeking to raise additional 200million. These VCs are insane.
IF (!!!) this ever worked they would be - 1billion before shipping any product. Whoever puts anymore money into this should ask for at this point majority of the equity no questions asked.
At what point do investors pull the plug / fire CEO and move on?