Once she was up on time, all the top business magazines branded her as the next Steve Jobs. Elizabeth Holmes, a former businesswoman, was convicted of fraud and conspiracy for the blood count invention. In 2022, she was found guilty in four cases, and she is currently in jail. However, she has not been released from jail and will be sentenced for the crimes she committed. Here’s what we know so far.
She was born in California but grew up in other parts of the United States. She attended high school in Houston, Texas. She spent some time in China during her childhood. After high school, she returned to the U.S. to study electrical and chemical engineering at Stanford University. She has a son, James, who is a college student.
The American biotech entrepreneur, Elizabeth Holmes, is a well-connected businesswoman, and she was also a member of the board of directors of Theranos. Her funding sources and venture capitalists include George Shultz, former President Bill Clinton, and Gen. James Mattis. Former Wells Fargo CEO Richard Kovacevich was also a member of the group board. In addition to these well-known individuals, Holmes also charmed former President Bill Clinton in an on-stage presentation. She even impressed the then-Vice President, Joe Biden, who effusively praised her during a tour of the company’s lab.
As an early investor in Theranos, Holmes has a wealth of financial and scientific experience. She founded a blood-testing company named Theranos and made more than $9 billion by the end of 2014. In 2015, she submitted a patent application for a drug delivery patch and acquitted herself of the disease. After graduating, she began her own company and later sold it to a Chinese organization.
The company’s initial public offering was valued at $9 billion, making Elizabeth Holmes the daughter of a congressional committee staffer and a U.S. aid worker. She also received funds from several angel investors. In addition to being a rich businesswoman, she is a multi-millionaire who is a renowned entrepreneur in the biomedical field. If she was found guilty of her fraud, she could face up to 30 years in prison.
Her entrepreneurial journey started as a chemical engineer at Stanford University. Holmes was fascinated by technology and wanted to become the next Steve Jobs. She even wore a black turtleneck every day to look like the famous Apple brand founder. She even had an on-stage presentation that caught the attention of former President Bill Clinton. Her business partner and entrepreneurs were so impressed that they later visited her research laboratory. This led to a highly successful start-up.
The company’s products had won many awards, including the Nobel Prize in science. In 2003, the company was founded by Elizabeth Holmes. She studied chemical engineering and worked in a laboratory in Singapore. Although she had initially been criticized by experts, she managed to convince a professor at Stanford University to back her invention. She is also credited with inventing the wearable drug delivery patch. She eventually dropped out of school, attracting scientists and engineers to her startup.