Josh Wolfe @wolfejosh VC, entrepreneur, fund manager @Lux_Capital; Chair @CiPrep Coney Island Prep; Trustee @SfiScience Santa Fe Inst; CoFounder of Carson, Quinn & Bodhi w/ @ltwolfe Jan. 07, 2019 1 min read

1/ This is the moment many believers became skeptics. Appears it may have been a fraud —a magic trick used to bail out relatives, stuck it to investors who got duped along with customers who put down deposits and gave their cash + trust —and lost both.

2/ Here is the anatomy of how suckers get duped.

3/ If you are an inventor, engineer, scientists, investor who truly wants to bring new + risky technology to markets with honesty & integrity—and see how bad actors (like Theranos) can ruin it for good actors—you can’t watch or read the two above threads—and not be appalled.

You can follow @wolfejosh.


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