Tag: Theranos

Theranos Lays Off 41% Of Employees

Theranos Lays Off 41% Of Employees

Less than two years ago, Theranos was worth $9 billion and poised to go down in Silicon Valley history for its one-drop blood-testing technology. Now, the embattled company—which has been sued several times for allegedly making false and misleading claims—is […]

Silicon Valley Investor Sues Theranos

Silicon Valley Investor Sues Theranos

Robertson Stephens co-founder Robert Colman has filed suit against Theranos, reportedly accusing the embattled company of making false and misleading claims about its blood-testing technology. Colman, who backed Theranos in 2013 by purchasing shares through Lucas Venture Group, is said […]

Walgreens Suing Theranos

Walgreens Suing Theranos

Walgreens has filed a $140 million lawsuit against Theranos, according to The Wall Street Journal. Under a now-defunct partnership, Theranos ran blood-draw sites in 40 Walgreens locations in the Phoenix area and one in northern California; those in Phoenix were […]

Theranos Sued By Investor

Theranos Sued By Investor

Theranos Sued By Investor by PitchBook Theranos is the target of a lawsuit filed by a hedge fund that invested $96 million in the startup, per The Wall Street Journal. The Partner Fund Management suit alleges, among other things, that […]

What Will Happen To VC Unicorns?

What Will Happen To VC Unicorns?

What Will Happen To VC Unicorns? by PitchBook VC Unicorns – Overview At this point, it’s fair to confess a distinct fatigue when it comes to discussion of VC unicorns-private companies valued at $1 billion or more. After a few […]