Theranos whistleblower Tyler Shultz said the current AI boom has made it harder to carry out proper diligence on new technology claims, blurring the line between real innovation and hype. He said that if someone wanted to deceive investors, this would be a good moment to do it. Shultz also pointed to the way Elizabeth Holmes scaled what he described as a small angel-funding model into a $100 million fundraising machine, arguing that investors need to recognize how much power comes with very large pools of capital. Theranos, once one of Silicon Valley’s most closely watched startups, reached a peak valuation of about $10 billion. The report also noted that the documentary "You Can See Everything" follows the final weeks before Holmes entered prison. Separately, Haemanthus, a company linked to Holmes and Billy Evans, has reportedly raised about $20 million, according to TechCrunch.
Theranos whistleblower Tyler Shultz said the AI boom has made it difficult to properly diligence innovation claims, making it harder to tell real breakthroughs from false ones. In his view, if someone wanted to deceive people, this is a good opportunity to do it.
Shultz also said Elizabeth Holmes took a small angel-funding model and scaled it to $100 million. Investors, he said, should understand that large sums of money come with significant power. Theranos reached a peak valuation of about $10 billion.
The report added that the documentary You Can See Everything focuses on the final weeks before Holmes went to prison. It also said Haemanthus, tied to Holmes and Billy Evans, has reportedly raised about $20 million.
The remarks were cited by TechCrunch.
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