On Monday, Elizabeth Holmes, the former CEO of Theranos, a blood-testing startup, was convicted of fraud for misleading investors about the efficacy of a testing device. Some analysts say the verdict could make Silicon Valley entrepreneurs reconsider risky business strategies.
The fraud conviction of former Theranos CEO Elizabeth Holmes could do more than just send a once-celebrated ex-billionaire to prison. In theory, it could also deliver a sobering message to a Silicon Valley culture that often gets lost in its own hubris and swagger. For that change to happen, entrepreneurs would have to dial down their own hype, which could mean losing potential investors to louder startups with fewer qualms.
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