By Staff Writer
Was Theranos founder Elizabeth Holmes hiding fraudulent technology, or just waiting for things to click into place?
That is the question that was raised during Friday’s testimony in the Elizabeth Holmes trial, in which a former Theranos employee, who worked with the company for 5 years, said he was lured by the company’s promise and then encouraged to hide what was really happening with the company.
Esquire Digital’s legal analyst, Aron Solomon told Scott Budman of NBC Bay Area,”it seems to me that perhaps this is a startup employee working with the CEO who became disillusioned.”
As testimony continued, the jury learned that Edin was told by Holmes and Sunny Balwani to avoid certain areas of the lab during tours and to figure out ways to demonstrate the Theranos technology without making investors aware that the machines did not work yet.
According to Solomon, while this is possibly shady behavior, it is not terribly uncommon among tech start-ups.
Solomon added, “the idea that this smart, young person decides to leave the company because he no longer believes in its mission is one way to say it. The other way to say it is you were there for five years and you didn’t figure out the technology didn’t work.”
Watch the video below for the full story and latest updates in the Holmes’ trial.
A Pulitzer Prize-nominated writer, Aron Solomon, JD, is the Chief Strategy Officer for AMPLIFY. He has taught entrepreneurship at McGill University and the University of Pennsylvania, and was elected to Fastcase 50, recognizing the top 50 legal innovators in the world. Aron has been featured in Newsweek, The Hill, Fast Company, Fortune, Forbes, CBS News, CNBC, USA Today, ESPN, TechCrunch, BuzzFeed, Venture Beat, The Independent, Fortune China, Abogados, Today’s Esquire, Yahoo!, ABA Journal, Law.com, The Boston Globe, and many other leading publications across the globe.
Discover more from Today's Esquire
Subscribe to get the latest posts sent to your email.