The Value of Wading In: A Lesson from Theranos

By Vijay Govindarajan

Recent press might lead you to believe health-technology company Theranos burst on the scene in recent years but, in fact, the company was founded 13 years ago, in 2003. Its founder was an ambitious 19-year-old named Elizabeth Holmes. Holmes wanted to revolutionize the health-care field—or at least part of it—and filed her first patent (for a drug-delivery patch . . .

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