Elizabeth Holmes Quotes

He had the attitude that he could do anything, and therefore so can you. He put his life in my hands. So that made me do something I didn't think I could do.... If you trust him, you can do things. If he's decided that something should happen, then he's just going to make it happen. (Elizabeth Holmes)

Justin's resignation letter to Elizabeth Holmes regarding her management style: 'good luck and please do read those books, watch The Office, and believe the people who disagree with you

Her emergence tapped into the public’s hunger to see a female entrepreneur break through in a technology world dominated by men. Women like Yahoo’s Marissa Mayer and Facebook’s Sheryl Sandberg had achieved a measure of renown in Silicon Valley, but they hadn’t created their own companies from scratch. In Elizabeth Holmes, the Valley had its first female billionaire tech founder.

The main difficulty stemmed from Elizabeth’s insistence that they use very little blood. She’d inherited from her mother a phobia of needles; Noel Holmes fainted at the mere sight of a syringe. Elizabeth wanted the Theranos technology to work with just a drop of blood pricked from the tip of a finger.

It is a truth universally acknowledged, that a single man in possession of a good fortune, must be in want of a wife. Or so I thought. My opinion forever changed the day I met a very peculiar man by the name of Mr. Sherlock Holmes.

Why did she want to stay in England? Because the history she was interested in had happened here, and buried deep beneath her analytical mind was a tumbled heap of Englishness in all its glory, or kings and queens, of Runnymede and Shakespeare's London, of hansom cabs and Sherlock Holmes and Watson rattling off into the fog with cries of 'The game's afoot,' of civil wars bestrewing the green land with blood, of spinning jennies and spotted pigs and Churchill and his country standing small and alone against the might of Nazi Germany. It was a mystery to her how this benighted land had produced so many great men and women, and ruled a quarter of the world and spread its language and law and democracy across the planet.

The minute you have a back-up plan, you've admitted you are not going to succeed

The idea of putting customers first and acting with integrity is gaining traction. Outdoor-gear retailer REI received adulation for adhering to its values when it announced that it would not only close its stores on Black Friday in 2015 but pay its employees to get outside. Contrast that with blood-test startup Theranos. CEO Elizabeth Holmes was lauded as “America’s youngest self-made billionaire,”12 and the firm was quickly valued at $9 billion. Then, testing showed that the company’s flagship Edison device, which purported to deliver test results from a single drop of blood, did not work.13 The federal government swiftly began investigating Holmes, with regulators not only revoking the company’s license to operate but suggesting a ban preventing Holmes from owning or operating a lab for two years. Walgreens Boot Alliance Inc. sued Theranos for $140 million, equivalent to the amount the drugstore giant had invested in the startup. 14 In the fall of 2016, Theranos announced it would be shutting down its blood-testing facilities and shed at least 40 percent of its workforce. 15

Phlebotomy. Even the word sounds archaic—and that’s nothing compared to the slow, expensive, and inefficient reality of drawing blood and having it tested. As a college sophomore, Elizabeth Holmes envisioned a way to reinvent old-fashioned phlebotomy and, in the process, usher in an era of comprehensive superfast diagnosis and preventive medicine. That was a decade ago. Holmes, now 30, dropped out of Stanford and founded a company called Theranos with her tuition money. Last fall it finally introduced its radical blood-testing service in a Walgreens pharmacy near the company headquarters in Palo Alto, California. (The plan is to roll out testing centers nationwide.) Instead of vials of blood—one for every test needed—Theranos requires only a pinprick and a drop of blood. With that they can perform hundreds of tests, from standard cholesterol checks to sophisticated genetic analyses. The results are faster, more accurate, and far cheaper than conventional methods. The implications are mind-blowing. With inexpensive and easy access to the information running through their veins, people will have an unprecedented window on their own health. And a new generation of diagnostic tests could allow them to head off serious afflictions from cancer to diabetes to heart disease. None of this would work if Theranos hadn’t figured out how to make testing transparent and inexpensive. The company plans to charge less than 50 percent of the standard Medicare and Medicaid reimbursement rates. And unlike the rest of the testing industry, Theranos lists its prices on its website: blood typing, $2.05; cholesterol, $2.99; iron, $4.45. If all tests in the US were performed at those kinds of prices, the company says, it could save Medicare $98 billion and Medicaid $104 billion over the next decade.

Another similar story is the recent Theranos scandal, where the company’s CEO, Elizabeth Holmes (at the time of writing, on trial for wire fraud), managed to bilk unbelievable amounts of money from investors such as Rupert Murdoch, the Walton family (of Walmart fame), and many more, becoming America’s youngest and richest self-made female billionaire. Her company’s devices, which ostensibly could diagnose many health conditions from a tiny drop of blood, never actually worked. But the investors, who wanted to get in at the start of what might’ve been the next Facebook or Uber in terms of its transformative technological effect, managed to miss or ignore the obvious flaws. The story is told by the investigative journalist John Carreyrou in his unputdownable Bad Blood, John Carreyrou, Bad Blood: Secrets and Lies in a Silicon Valley Startup (New York: Alfred A. Knopf, 2018).

Alexander, Gretchen Beetner, Lou Berney, Terri Bischoff, Susanna Calkins, Hilary Davidson, Matthew FitzSimmons, Andrew Grant, Alex Grecian, Chris Holm, Katrina Niidas Holm, Rob Hart, Linda Joffe Hull, Dana Kaye, Elizabeth Little, Jess Lourey, Jamie Mason, Nadine Nettmann, Mike McCrary, Catriona McPherson, Lauren O’Brien, Lori Rader-Day, Johnny Shaw, Jay Shepherd, Victoria Thompson, Ashley Weaver, James Ziskin.

Uncle Jimmy was there too, and he [James Hogue] stuck his head into the burning trash and came back out and his hair was all singed up and smoking and his eyebrows were burned off and all that and—he had some like second-degree burns on his face and that sort of thing and everybody was asking him like, ‘What? What did you do?’ and he’s like, ‘I wanted to see the trash burn.’ 

Bettie Fleischmann, Charles’s daughter, married her father’s Danish physician, Dr. Christian Holmes. He was Elizabeth’s great-great-grandfather. Aided by the political and business connections of his wife’s wealthy family, Dr. Holmes established Cincinnati General Hospital and the University of Cincinnati’s medical school. So the case could be made—and it would in fact be made to the venture capitalists clustered on Sand Hill Road near the Stanford University campus—that Elizabeth didn’t just inherit entrepreneurial genes, but medical ones too

decadence—as a case study in what it looks like when an extraordinarily rich society can’t find enough new ideas that justify investing all its stockpiled wealth, and ends up choosing between hoarding cash in mattresses or playing a kind of let’s-pretend instead. In a decadent economy, the supposed cutting edge of capitalism is increasingly defined by let’s-pretendism—by technologies that have almost arrived, business models that are on their way to profitability, by runways that go on and go on without ever achieving liftoff. Do people on your coast think all this is real? When the tech executive asked me that, I told him that we did—that the promise of Silicon Valley was as much an article of faith for those of us watching from the outside as for its insiders; that we both envied the world of digital and hoped that it would remain the great exception to economic disappointment, the place where even in the long, sluggish recovery from the crash of 2008, the promise of American innovation was still alive. And I would probably say the same thing now, despite the stories I’ve just told—because notwithstanding Billy McFarland and Elizabeth Holmes, notwithstanding the peculiar trajectory of Uber, many Silicon Valley institutions deserve their success, many tech companies have real customers and real revenue and a solid structure underneath, and the Internet economy is as real as twenty-first-century growth and innovation gets. But what this tells us, unfortunately, is that twenty-first-century growth and innovation are not at all what we were promised they would be.

This story is an important, provocative story for its time because it truly enraptures the unapologetic turn of feminism. Elizabeth Bennett was a heroine who began to question gender roles and ideology. Contrary to popular belief, women do not actually only belong barefoot in a kitchen.

He was, without question, the Holmes to my Adler. And every time I tested myself against him, teased or taunted him, triumphed in the field over him—God, but it turned me on.

Elizabeth Holmes, Theranos’s twenty-two-year-old founder,