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Not long after Arriola left, Maxwell, Vollmer and Bauerly followed suit. Theranos first raised money with a $500,000 seed round led by Draper Fisher Jurvetson (now called Threshold) in June 2004, according to Crunchbase. It is written and produced by Jarvis, Taylor Dunn and Victoria Thompson. For me, it mostly seems like, why has it taken so long?, With additional reporting by William Bredderman. There was one incident that was particularly troubling to Arriola. The cynical side of me, after years in the Marine Corps, thought theres no balance in the universebad people get away with shit, former Theranos software engineer Del Barnwell told The Daily Beast. [31][32] In May 2015, University of Toronto Professor Eleftherios Diamandis analyzed Theranos technology and concluded that "most of the company's claims are exaggerated. [148] Major investments had been made by the Walton family ($150 million), Rupert Murdoch ($121 million), Betsy DeVos ($100 million) and the Cox family (of Cox Media Group) ($100 million). Elizabeth Holmes grilled by prosecutors on witness stand : NPR - WUNC Holmes is expected to claim as part of her defense that he abused her emotionally and psychologically. Theranos United States employs 53 employees. THERANOS Salaries. At one stage Theranos was sparring with Elizabeth's uncle Richard . [13], In April 2016 Theranos announced its medical advisory board which included past presidents or board members of the American Association for Clinical Chemistry. [126][127][128] The board was criticized for consisting "mainly of directors with diplomatic or military backgrounds". Theranos was once a Silicon Valley golden child, expanding rapidly, partnering with a major pharmacy, and raising over a billion dollars in funding.. [123] It previously had laboratories in Newark, California, and Scottsdale, Arizona. Lawyers for Balwani and Holmes didnt return messages left by The Daily Beast. His stepmother Lorraine and Holmess mother were once best friends. Nonetheless, in 2018, Holmes stepped down as CEO and, alongside . Until recently, no one could get enough of Theranos and the company's founder, Elizabeth Holmes - the exceptionally young, self-made billionaire whose fortune has been made on a single sought after medical technology: an easier, faster and less invasive way to carry out blood tests.