The investors angle, especially the very early ones, still puzzle me. My only experience with medical labs comes from family. Back the day, when Theranos was hottest thing under the sun, I asked my mom, medical lab tech, about it. Her answer was, I paraphrase, "no way, you need way bigger blood samples for one of the tests if you want proper results". Followed something along the lines of who is providing oversight of the labs and making test equipement is properly callibarted. In Germany, local authoroties do just that.

So, I always wondered, if a lab technician needs a mere glance on the sales pitch to have doubts, how could investors miss it during even the most superficial due dilligence? Or did they catch it, and just say fuck it, we can still dump it through an IPO?

And those celebrities going on its board, was the money so good and the hype so blinding?