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‘People wanted to believe the fairytale’: the downfall of Elizabeth Holmes

Elizabeth Holmes will find herself behind the walls of a Texas prison on Tuesday, in a remarkable fall for a startup founder who had become an icon known far outside Silicon Valley.

Holmes, 39, had once promised to revolutionize the medical world, but was convicted in January 2022 on four counts of defrauding investors in her blood-testing company, Theranos.

It was a stunning turn for an entrepreneur who had once riveted the tech world. Holmes dropped out of Stanford University in 2003 at the age of 19, set on developing a company that would turn upside down the field of medical diagnostics.

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