Elizabeth Holmes, a founder of Theranos - Revolution in a blood drop

Source: eKapija Wednesday, 09.09.2015. 15:55
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(Elizabeth Holmes)

When someone with 19 decides to leave studies at the prestigious faculty by saying to a professor "Let’s make a company!" it is clear a person does not have an issue with faith in oneself. When a professor accepts that undergraduate student becomes his or her superior, it is also clear that this self-confidence is on firm grounds.

This is how the story on business career of Elizabeth Holmes), the youngest billionaire in the world, who did not inherit her heritage. And she does not lack fortune. Forbes says that now, at 31, she “weighs USD 4,6 billion”.

After return to America, she enrolled studies at the Fcaulty of chemical engineering at the Stanford university and thanks to her knowledge of Chinese, she got an opportunity to spend some time at practice in Singapore at the institute who dealt with development of new methods for SARS virus detection.

As a student at Stanford in 2003, she registered her first patent for mobile device which would measure patient’s blood data, provide medicines and if needed, dosage would be changed. The entire device would be possible to distance- monitor thanks to installed chip.

Soon after that, together with her professor Chaning Robertson, she opened, using money for studies, Real-Time Cures company. The company soon changed the name into Theranos, from English words for therapy and diagnosis since she thought many people have negative reaction to the word "cure".


And then in 2013 it was the time to meet the public with what Holmes was working on for entire decade – a revolutionary technology for medical testing, The revolution is reflected through the fact that only though a couple of drops of blood from a patient, without needles, dozens of tests can be carried out faster and cheaper than with standard methods.

That, Holmes explains, enable disease prevention since one test which will not require a visit to a doctor, will detect potential problem earlier.

Today, the company offers more than 200 different tests, including the ones for high cholesterol, herpes and cancer and has 500 employees and totals more than USD 10 billon.


Along with huge company success, media attention was on the increasing directed at Elizabeth Holmes. So there is almost no list of successful and influential people without her name. And she has still been sticking to what she wrote when she was only nine in a letter to her father - "a wish to discover something new, something mankind did not know is possible".

When asked how she feels as the youngest person who earned billions, she answers this is not the thing that motivates her but that it is "a wish to make people better. This is why I do all this. This is why I do it this way. And because I like what I do".


Elizabeth Holmes was born in February, 1984. Her mother, Noel En, worked at Congress while her father Christopher worked for state-owned agencies such as USAID. They often moved from Washington through Africa to China for his work.

The ones who had chance to cooperate with her say she is a workaholic, that she spends every hour at work, she has not been on a holiday for ten years, she does not go out and does not have a TV at home.

Idea for development of blood testing technology through non-invasive method came from aversion for needles which has been inherited for generations in her family.

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