John Carreyrou - Bad Blood
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- Book:Bad Blood
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- Publisher:Knopf Doubleday Publishing Group
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- Year:2018
- Rating:3 / 5
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I found myself unable to put it down once I started. This book has everything: elaborate scams, corporate intrigue, magazine cover stories, ruined family relationships, and the demise of a company once valued at nearly $10 billion.
Bill Gates, Five Books I Loved in 2018
A great and at times almost unbelievable story of scandalous fraud, surveillance, and legal intimidation at the highest levels of American corporate power. New York
For all its boom-time feel, there are timeless aspects to Theranoss story. Venality is age-old, but so is courage, and that of the ex-employees who blew the whistle on its deceptions is restorative. And more than an honorable mention should go to Carreyrou, a dogged old-school reporter uncowed by Theranoss legal hardball. San Francisco Chronicle
[Holmes] willfully deceived Silicon Valley in whats become one of the biggest corporate frauds since Enron. Carreyrous book is a compelling account of how his dogged reporting brought her down. Esquire
Engrossing. Hard to put down. Boasts movie-scene detail. Theranos employees are the storys heroes, with the force of journalism not far behind. Science
A veritable page-turner. Gripping. Presents comprehensive evidence of the fraud perpetrated by Theranos chief executive Elizabeth Holmes. Unveils many dark secrets of Theranos that have not previously been laid bare. Nature
A fascinating true story that reads like a suspense novel. A telling parable of Silicon Valley magical thinking.
Selby Drummond, Vogue
In Bad Blood, Carreyrou tells the full, gripping tale of how he slayed the unicorn in a fascinating look at how buzz and billions can blind people to facts. Marie Claire
Riveting. Compelling. [Carreyrous] unmasking of Theranos is a tale of David and Goliath. Financial Times
A parable about Silicon Valley delusiongossipy fun comes from seeing which high-profile man (James Mattis, Joe Biden) gets drawn into Holmess scammy web next. Elle
A thorough and devastating piece of reporting that deserves a place alongside the masterworks of the inside-the-boardroom business genre. [Carreyrou] quietly compiles detail after damning detail into a fascinating narrative.
The Weekly Standard
Masterfully reported. Bethany McLean, bestselling coauthor of All the Devils Are Here
John Carreyrou, a two-time Pulitzer Prize winner, was a reporter at TheWall Street Journal for twenty years. For his extensive coverage of Theranos, Carreyrou was awarded the George Polk Award for Financial Reporting, the Gerald Loeb Award for Distinguished Business and Financial Journalism in the category of beat reporting, and the Barlett & Steele Silver Award for Investigative Business Journalism. Bad Blood was named the Financial Times and McKinsey Business Book of the Year. Carreyrou lives in Brooklyn, New York, with his wife and three children.
Carreyrou is available for select speaking engagements. To inquire about a possible speaking appearance, please contact Penguin Random House Speakers Bureau at .
Copyright 2018, 2020 by Cambronne Inc.
Afterword copyright 2020 by Cambronne Inc.
All rights reserved. Published in the United States by Vintage Books, a division of Penguin Random House LLC, New York, and distributed in Canada by Penguin Random House Canada Limited, Toronto. Originally published in hardcover in slightly different form in the United States by Alfred A. Knopf, a division of Penguin Random House LLC, New York, in 2018.
Vintage and colophon are registered trademarks of Penguin Random House LLC.
Forbes cover appearing on page 3 of the photo section from Forbes, September 19, 2014 2014 Forbes. All rights reserved. Used by permission and protected by the copyright laws of the United States. The printing, copying, redistribution, or retransmission of this content without express written permission is prohibited.
The Library of Congress has cataloged the Knopf edition as follows:
Names: Carreyrou, John, author.
Title: Bad blood : secrets and lies in a Silicon Valley startup /
John Carreyrou.
Description: First edition. | New York : Knopf, 2018.
Identifiers: LCCN 2018000263
Subjects: LCSH: Theranos (Firm)History. | Hematologic equipment
industryUnited States. | FraudUnited States. | BISAC: BUSINESS &
ECONOMICS / Entrepreneurship. | BUSINESS & ECONOMICS / Finance. |
TECHNOLOGY & ENGINEERING / Biomedical.
Classification: LCC HD9995.H423 U627 2018 | DDC 338.7/681761dc23
LC record available at https://lccn.loc.gov/2018000263
Vintage Books Trade Paperback ISBN9780525431992
Ebook ISBN9781524731663
Author photograph Michael Lionstar
Cover design by Tyler Comrie
Inside cover photograph (detail) Ethan Pines/The Forbes Collection/Contour RA/Getty Images
www.vintagebooks.com
ep_prh_5.4_c0_r1
For Molly, Sebastian, Jack, and Francesca
This book is based on hundreds of interviews with more than 150 people, including more than sixty former Theranos employees. Most of the men and women who appear as characters in the narrative do so under their real names, but some asked that I shield their identities, either because they feared retribution from the company, worried that they might be swept up in the Justice Departments criminal investigation, or wanted to guard their privacy. In the interest of getting the most complete and detailed rendering of the facts, I agreed to give these people pseudonyms. However, everything else I describe about them and their experiences is factual and true.
Any quotes I have used from emails or documents are verbatim and based on the documents themselves. When I have attributed quotes to characters in dialogues, those quotes are reconstructed from participants memories. Some chapters rely on records from legal proceedings, such as deposition testimony. When thats the case, I have identified those records at length in the notes section at the end of the narrative.
In the process of writing this book, I reached out to all the key figures in the Theranos saga and offered them the opportunity to comment on any allegations concerning them. Elizabeth Holmes, as is her right, declined my interview requests and chose not to cooperate with this account.
November 17, 2006
Tim Kemp had good news for his team.
The former IBM executive was in charge of bioinformatics at Theranos, a startup with a cutting-edge blood-testing system. The company had just completed its first big live demonstration for a pharmaceutical company. Elizabeth Holmes, Theranoss twenty-two-year-old founder, had flown to Switzerland and shown off the systems capabilities to executives at Novartis, the European drug giant.
Elizabeth called me this morning, Kemp wrote in an email to his fifteen-person team. She expressed her thanks and said that, it was perfect! She specifically asked me to thank you and let you all know her appreciation. She additionally mentioned that Novartis was so impressed that they have asked for a proposal and have expressed interest in a financial arrangement for a project. We did what we came to do!
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