Bad Blood

(Axel Boer) #1

Nor did Rago: “WSJ’s Rago Wins Pulitzer Prize,” Wall Street Journal, April 19,
2011.


A few weeks later: Email with the subject line “Theranos-time sensitive” sent by
Donald A. Lucas to Mike Barsanti and other Lucas Venture Group clients at
2:47 p.m. PST on September 9, 2013.


They ranged from Robert Colman: Robert Colman and Hilary Taubman-Dye,
Individually and on Behalf of All Others Similarly Situated, v. Theranos,
Inc., Elizabeth Holmes, and Ramesh Balwani, No. 5:16-cv-06822, U.S.
District Court in San Francisco, complaint filed on November 28, 2016, 4.


In an article published: Aileen Lee, “Welcome to the Unicorn Club: Learning from
Billion-Dollar Startups,” TechCrunch website, November 2, 2013.


A few weeks before Elizabeth’s: Tomio Geron, “Uber Confirms $258 Million from
Google Ventures, TPG, Looks to On-Demand Future,” Forbes.com, August 23,
2013.


There was also Spotify: John D. Stoll, Evelyn Rusli, and Sven Grundberg, “Spotify
Hits a High Note: Valuation Tops $4 Billion,” Wall Street Journal, November
21, 2013.


With about $4 billion in assets: Cliffwater LLC, “Hedge Fund Investment Due
Diligence Report: Partner Fund Management LP,” December 2011, 2.


After they reached out to her: Partner Investments, L.P., PFM Healthcare Master
Fund, L.P., PFM Healthcare Principals Fund, L.P. v. Theranos, Inc.,
Elizabeth Holmes, Ramesh Balwani and Does 1–10, No. 12816-VCL,
Delaware Chancery Court, complaint filed on October 10, 2016, 10.


During that first meeting: Ibid., 11.


At a second meeting three weeks later: Ibid., 15–16.


The rub was that much of the data: Partner Investments, L.P. et al. v. Theranos,
Inc. et al., deposition of Pranav Patel taken on March 9, 2017, in Palo Alto,
California, 95–97.


Sunny also told James and Grossman: Partner Investments, L.P. et al. v.
Theranos, Inc. et al. complaint, 16–17.


Sunny and Elizabeth’s boldest claim: Ibid., 12–13.


A spreadsheet with financial projections: Partner Investments, L.P. et al. v.
Theranos, Inc. et al., deposition of Danise Yam taken on March 16, 2017, in
Palo Alto, California, 154–58.


Six weeks after Sunny sent Partner Fund: Ibid., 140–58.


As it would turn out: Christopher Weaver, “Theranos Had $200 Million in Cash

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