Theranos is interesting because they modelled themselves after the startup world. And in this world being less than truthful (fradulent ?) with customers and investors is not only accepted but often encouraged. YC itself has often promoted this "fake it until you make it" approach.
As an example, Musk has promised robotaxis and FSD for years which if delivered would have a massive impact on Tesla's stock performance. And yet he has never been taken to task and likely never will.
But he's also clearly working towards delivering those things. This isn't Theranos-like at all. FSD is a real thing, and it's not a stretch to see it becoming Robo-taxis. What would you take him to task on? The timings? That's not a startup thing... every company has delays on timings: Apple, Boeing, Sony... the entire car industry....
> yet he has never been taken to task and likely never will.
They are not comparable at all. Diagnostics is a life-or-death issue. Any "faking" employed there should automatically lead to a capital sentence for everyone involved. Look at how the Chinese dealt with the milk-powder adulteration scandal of 2008.
As an example, Musk has promised robotaxis and FSD for years which if delivered would have a massive impact on Tesla's stock performance. And yet he has never been taken to task and likely never will.