They knew things could not be done and kept up the charade for long enough to profit off of it, and hopefully get away.
They knew things could not be done and kept up the charade for long enough to profit off of it, and hopefully get away.
Theranos is product of the same culture. Company founder chases a goal they do not understand, and convinces investors its right around the corner. In actuality they have no clue.
There is no foundamental difference between theranos diagnosis and tesla autopilot.
The only reason we call theranos fraud is that we know conclusively that their goal is impossible. We have not yet accepted that autopilot is.
No we only know that their approach was wrong. Here is a preprint of a paper describing detection of 12 different types of cancer from a single drop of blood:
The problem isn’t the volume of blood, it’s that blood drawn from finger capillaries is not a representative sample for diagnostic purposes. There are plenty of tests that are even more sensitive, but they require a proper sample drawn directly from a vein or artery.
This can be said for many, many successful companies. Your category is too wide.
But we're talking about submarine that already dived, not something that never had a chance of working in the first place
So some would call it MVP and others would call it fraud. Until it is really being implemented as advertised.
An MVP means something that has just about the core functionality, with bells and whistles and newer use cases coming on later.