My interpretation is that most startups don't deal with life-or-death lines of work, whereas Theranos does. There's no room for "creative" business practices there. The government will take note at some point and come chasing.
I wouldn't suggest lying about anything in the aviation sector either.
Not joking, I have heard this pitch.
http://mobile.abc.net.au/news/2018-03-13/drone-delivery-syst...
Well, I'm sold!