Theranos isn't Theranos b/c they failed to deliver on a product they said they could build. That is par for the course in startup and innovation. You think you can do something, that's why you go raise money, so you can share your thing with others!
Theranos is Theranos b/c they falsified test results. If no test results had been falsified, Theranos would have just been "another" failed startup, and Holmes would have been given another chance with more VC money to try again with a fresh idea.
MagicLeap is a perfect example of what Nikola will probably end up as. Raising tons of money to do something new, and dropping the ball on it. I remember reading an early article on Magic Leap about how they figured out how to make something float in mid air, no one is calling on the SEC to investigate them... MagicLeap did some really interesting things, just nothing that consumers can actually use (YET!)
Theranos is Theranos b/c they falsified test results. If no test results had been falsified, Theranos would have just been "another" failed startup, and Holmes would have been given another chance with more VC money to try again with a fresh idea.
MagicLeap is a perfect example of what Nikola will probably end up as. Raising tons of money to do something new, and dropping the ball on it. I remember reading an early article on Magic Leap about how they figured out how to make something float in mid air, no one is calling on the SEC to investigate them... MagicLeap did some really interesting things, just nothing that consumers can actually use (YET!)