Back in 2013, ABC News correspondent Rebecca Jarvis was working on a story about high medical costs.

And we featured a woman who was spending a lot of money on blood tests.

And after that story ran, Rebecca got a pitch about a new startup.

Hey, there's this blood testing company, Theranos, and they can save your viewers a lot of money. She checked it out, but couldn't

get anyone to independently verify that these Theranos blood tests, which only used a fingerprick and not

a traditional vein stick,

were actually going to be better and cheaper.

It was one of those things where, huh, this just, it doesn't fully line up.

It doesn't live up to what it would take for me to even consider covering it as a solution.

So Rebecca didn't do the story, but other reporters did.

And then shortly after that pitch, Elizabeth started showing up in all of these places

and was very much a celebrity.

Elizabeth was Elizabeth Holmes.

Stanford Dropout, Theranos founder and CEO, billionaire superstar, and media darling.

Elizabeth Holmes left Stanford University at the age of 19 to build a company.

A health care pioneer is being compared to visionaries like Bill Gates and Steve Jobs this morning.

Elizabeth Holmes is part of the new Time 100 list just out.

Holmes promised to revolutionize blood testing.

She was young, rich, charismatic, and seemingly everywhere.

Whenever there is a, quote unquote, glass ceiling, there's an iron woman right behind it.

But the Theranos blood testing devices didn't work like they were supposed to. The company was

secretly running patient tests on standard commercial machines,

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