Silicon Valley investors haven’t let the Theranos scandal change the way they do business
compared with traditional means. Had it worked, it would have been a groundbreaking advancement in medical technology.
Even at the height of Theranos’ popularity, the company still found a great deal of skepticism in Silicon Valley. Many top venture capital firms turned down opportunities to finance Holmes’ vision because of the company’s insistence on secrecy; citing intellectual property concerns, Theranos never shared proof that its technology worked or that its results were accurate.
When it comes to investing in health tech startups, Vassallo says that the nature of the sector can make it more difficult for investors to fully verify investment opportunities, as opposed to areas like financial or consumer tech.
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