Theranos famously didn't manage to raise VC money, the funding all came from people like Rupert Murdoch and the Walton family.
Theranos famously didn't manage to raise VC money, the funding all came from people like Rupert Murdoch and the Walton family.
That makes a lot of sense. VCs only make money when companies go public, so a medical device that requires years of regulatory compliance legwork to even be allowed into a lab or pharmacy is an immediate no-go.