Previously on The Dropout, we met Elizabeth Holmes, a Stanford dropout with less than two

years of college under her belt, who launched her blood testing company Theronos at just 19

years old.

I actually originally did not intend to drop out a Stanford, but I wasn't going to any

classes and I was spending all of my time talking to VCs.

And so then, logistically, it just seemed like a waste of money.

Obsessed with Apple and Steve Jobs, she'd started wearing black turtlenecks and recruiting

heavily from her heroes company.

I left 15,000 shares at Apple, but, say, Olivia, life continues on.

But one by one, those Apple recruits, including Avi Tivanian, Steve Jobs' right hand guy,

had been dropping like flies.

So you were done with Theronos.

I had seen so many things that were bad go on.

I would never expect that anyone would behave the way that she behaved as a CEO and believe

me.

I saw so many things.

The business was also running out of cash.

Okay, so you knew that the company was short on cash?

Yes, yeah.

But Elizabeth was about to find a solution to all of those problems.

From ABC Radio and Nightline, this is the dropout.

Episode 2.

...