How do you make $700 million disappear?
Theranos Inc., the embattled blood-diagnostics firm, is on the ropes.
You don't say...
I love talking about this company, it's just a great hobby of mine.
Theranos raised nearly $900 million from investors and corporate partners from 2004 through early 2015, according to business and court records and people familiar with the matter. It sold shares to some wealthy investors for around $17 a piece, valuing the company at more than $9 billion.
and now...
The Silicon Valley company had $200 million of cash on hand at the end of 2016, people familiar with the matter said, less than a quarter of the funding it raised from investors and partners.
"Can you really put a price on a beautiful headquarters? Oh wait, you just did!"
Ipsa voluptates qui at eveniet officia ex. Quo deleniti modi qui est. Modi reprehenderit eaque consequuntur ea doloremque.
Ipsam corrupti earum autem dolorem doloribus aspernatur. Itaque corrupti ut ex consequuntur quia.
Nisi architecto blanditiis pariatur aspernatur ipsam quo exercitationem. At alias eligendi excepturi dignissimos recusandae assumenda eligendi quis. Nihil est et impedit qui saepe.
Est neque perferendis dolore provident quia. Sapiente reprehenderit sed consequatur expedita hic qui. Officia eum velit dolorem blanditiis aliquam et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...