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lorn Wayne posted:One of the most interesting things to come out of this was how BS silicon valley valuations are. Especially when the hacks at Forbes are involved. Even better since her scam involved medical technology it means she will not get off scot free unlike if she ran a IT or software company into the ground. The FBI is currently involved in the investigation.
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Sep 18, 2016 14:01
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Forbes puts more effort in calculating the value of Scrooge McDuck's money bin than actually fact checking valuations
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Sep 18, 2016 16:04
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Atrocious Joe posted:Forbes puts more effort in calculating the value of Scrooge McDuck's money bin than actually fact checking valuations private equity valuations are basically voodoo economics.
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Sep 18, 2016 16:07
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The value of private equity is what dumb schmuck is willing to pay for the company.
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Sep 18, 2016 16:11
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etalian posted:Still makes me laugh how her business practice was based around breaking basic scientific principles and even his professors pointed out the idea as being flawed on a that might be my favorite part, like did she really think the collective biomedical community hadn't thought of any of it before i had a roommate in engineering that thought he had invented anti-lock brakes until he showed it to a professor and got laughed at he was an animu but at least he had the common sense not to run off to silicon valley and lie to the feds for a decade
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Sep 18, 2016 17:33
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Whenever I look at a photo of her, I am never sure if it has been subtly altered to make her look weird or if that is just her face.
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Sep 18, 2016 17:53
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uber_stoat posted:Whenever I look at a photo of her, I am never sure if it has been subtly altered to make her look weird or if that is just her face. she's like a rl anime girl with those massive eyes also lol quote:After graduating from St. John's School in Houston in 2002, Holmes enrolled at Stanford University to study chemical engineering, but she left Stanford prior to completing her undergraduate degree
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Sep 18, 2016 17:54
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This poo poo is why we need the FDA. Demonstrable Safety and Efficacy are drilled into my mind. My Randian will is chained by these burdensome regulations!
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Sep 18, 2016 18:00
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McDowell posted:This poo poo is why we need the FDA. Demonstrable Safety and Efficacy are drilled into my mind. My Randian will is chained by these burdensome regulations! I had a good laugh how Forbes blamed the whole Theranos trainwreck on the FDA having too many regulations.
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Sep 18, 2016 18:01
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This is your scheduled vox reminder that the FDA is currently running on like 1/12th of the funding it needs to do its job properly. If you ever get to a position of power, get the FDA more money. In the meantime, they've started up a patreon account...
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Sep 18, 2016 18:05
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lorn Wayne posted:What the hell is it about pharma tech that attracts shitheads, we've already got this steve jobs worshiping dork and of course, king smug arsehole martin shkreli. the obscene amounts of money for what's basically fairly mindless albeit tedious work
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Sep 18, 2016 18:15
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Discendo Vox posted:This is your scheduled vox reminder that the FDA is currently running on like 1/12th of the funding it needs to do its job properly. If you ever get to a position of power, get the FDA more money. In the meantime, they've started up a patreon account... Hey. It worked for Ebola researchers at Scripps. If the government doesn't do its job funding relevant services the public might have to. http://www.crowdfundinsider.com/2014/10/52820-scripps-scientist-use-crowdfunding-fund-ebola-cure-research/
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Sep 18, 2016 18:28
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Helical Nightmares posted:Hey. It worked for Ebola researchers at Scripps. If the government doesn't do its job funding relevant services the public might have to.
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Sep 18, 2016 19:03
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lmao https://www.youtube.com/watch?v=gxYsTJyDT5g
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Sep 18, 2016 19:46
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Really. Weird Pauses. Going on. There.
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Sep 18, 2016 20:04
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OWLS! posted:Really. Weird Pauses. Going on. There. https://www.youtube.com/watch?v=KLoYVjDTYsM
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Sep 18, 2016 20:05
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William F Cuckley posted:the obscene amounts of money for what's basically fairly mindless albeit tedious work it's why having a for-profit healthcare industry is such a good idea, especially in a country with minimal regulations
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Sep 18, 2016 20:21
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https://twitter.com/kamens/status/776846074841411584 The current healthcare industry is cool and good
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Sep 18, 2016 21:35
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Atrocious Joe posted:https://twitter.com/kamens/status/776846074841411584 price fixing ftw
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Sep 18, 2016 21:35
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Secret contracts ftw
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Sep 18, 2016 22:05
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if you like insulin that much why don't you make it yourself smart guy
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Sep 18, 2016 22:19
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etalian posted:she's like a rl anime girl with those massive eyes
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Sep 18, 2016 22:56
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Helical Nightmares posted:Hey. It worked for Ebola researchers at Scripps. If the government doesn't do its job funding relevant services the public might have to. You, uh, do understand what's happening there, right? When public health events make headlines, scientists with bright new product spinoff ideas come out of the woodwork. It's a similar frame to Theranos. And funding for that kind of drug development doesn't come out of normal FDA operating funds.
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Sep 18, 2016 23:00
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cargo cult posted:the randian disruptor is only held back by formal education, peer review, etc. It's not surprising since my horrible techie types like Peter Thiel talked about how dropping out of college is a good idea if you are a know it all messiah type.
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Sep 18, 2016 23:01
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etalian posted:It's not surprising since my horrible techie types like Peter Thiel talked about how dropping out of college is a good idea if you are a know it all messiah type. Basically cargo culting Bill Gates, which is a terrible idea unless there's a really ripe unexplored market and your dad is one of the richest dudes in the country.
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Sep 18, 2016 23:13
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lorn Wayne posted:One of the most interesting things to come out of this was how BS silicon valley valuations are. Especially when the hacks at Forbes are involved. it's impossible to accurately value the net worth of someone like that, because they own this big asset which you think is worth however much, so standard methods say you're supposed to include it in their wealth, but a) they can't just go ahead and sell it whenever they want and b) it could suddenly turn out to be worth nothing if they happen to be a turtlenecked con artist (I assume she couldn't sell the company without the potential buyer figuring out the con part in the process)
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Sep 18, 2016 23:14
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private equity is pretty much worthless unless there's a big buyout offer or the company goes public with big growth over time like Google.
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Sep 19, 2016 01:00
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lorn Wayne posted:What the hell is it about pharma tech that attracts shitheads, we've already got this steve jobs worshiping dork and of course, king smug arsehole martin shkreli. can you actually name any more pharma shitheads? probably not because while the industry as a whole is lovely, it's obvious to anyone with any sense that you need to be facelessly and replaceably lovely so that the public doesn't have any focal point for their anger. shkreli and holmes are both narcissists and hucksters, so they have to exude that attitude to attract new marks.
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Sep 19, 2016 03:39
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etalian posted:private equity is pretty much worthless unless there's a big buyout offer or the company goes public with big growth over time like Google. I mean, it's worth as much as the underlying venture(s), some of which will be hugely profitable (but the "junior partners" in the endeavor will usually have a cap on how much they can actually make, lmao) while others will just be schemes to transfer money to management companies.
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Sep 19, 2016 05:05
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theflyingexecutive posted:can you actually name any more pharma shitheads? probably not because while the industry as a whole is lovely, it's obvious to anyone with any sense that you need to be facelessly and replaceably lovely so that the public doesn't have any focal point for their anger. shkreli and holmes are both narcissists and hucksters, so they have to exude that attitude to attract new marks. You're right I can't, but yes I was focusing more on the fact that the industry as a whole in your country is lovely and the focal point of a horrid long running joke for, well pretty much the rest of the world (and most of the people in the US too). Elizabeth and Pharma Bro just happen to be names that are easy to target I guess. 
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Sep 19, 2016 06:12
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the fbi should hold the entirety of silicon valley responsible and burn it to the ground
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Sep 19, 2016 14:26
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I can't believe they greenlit a JLaw flick about a scam tech startup who are they gonna get to play the Board of War Crimes?
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Sep 19, 2016 16:40
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I think they will have to use CGI for Kissinger at this point.
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Sep 20, 2016 00:31
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Jumpingmanjim posted:I think they will have to use CGI for Kissinger at this point. The Watchmen movie had a good Kissinger
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Sep 20, 2016 01:56
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this is prolly a trite observation but i guess we're at the stage of late capitalism where if Theranos is somehow salvaged and made profitable the entire 'plucky Stanford Dropout with no respect for science' angle will just be like re-purposed into some retarded fascist founding mythos 
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Sep 20, 2016 06:15
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Am I the only one who is surprised by her voice? I keep thinking I'm hearing a dub of someone mocking her, because her voice is so drat unnatural sounding to me, like she practices sounding that way for whatever reason or something.
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Sep 20, 2016 08:32
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i think she retrained it octave down because Men Power Business Success Gravitas or something. like you can hear her working at it, that's not natural
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Sep 20, 2016 09:19
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they brought up that her voice sometimes slips on this week's chapo
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Sep 20, 2016 09:58
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cargo cult posted:this is prolly a trite observation but i guess we're at the stage of late capitalism where if Theranos is somehow salvaged and made profitable the entire 'plucky Stanford Dropout with no respect for science' angle will just be like re-purposed into some retarded fascist founding mythos I doubt know how they will salvage given the amount of fraud behind the idea and also how the company is now being investigated by multiple government agencies.
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Sep 20, 2016 11:50
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etalian posted:I doubt know how they will salvage given the amount of fraud behind the idea and also how the company is now being investigated by multiple government agencies. maybe it'll be like a radio shack kinda thing where they license the name out to mall kiosks to test for diabetes or something you scoff but there's a company whose business model revolves around making GBS threads in a box and sticking it in the mail to test for colon cancer
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Sep 20, 2016 12:00
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