Ms Elizabeth Holmes in my opinion was wrong in her address to Stanford University, you really do need a back-up plan as contingency planning works. Elizabeth once stated "The minute you admit you have a back-up plan, you've admitted you're not going to succeed."
Elizabeth, a darling of the Silicon Valley biotech start-up brigade is suddenly under intense pressure to perform and release details of the technology. After dropping out of Stanford University as a 19 year old and founding Theranos, a manufacturer of finger pricking vials that perform a range of blood tests without the need for a nurse to collect a sample, the venture capitalists are concerned.
Wall Street financiers are now reeling after the nanotainer collection devices with 261 of the 262 claimed tests temporarily halted after a Wall Street Journal investigation claimed the nanotainer technology is flawed. Elizabeth may need a back-up plan after all, this doesn't mean she has not succeeded, it just means that the business needs to change its trajectory to reconnect with financiers and keep the market informed of technological advances including set-backs.
No comments:
Post a Comment