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Decoder with Nilay Patel

Recode Decode: John Carreyrou

Decoder with Nilay Patel

Vox Media Podcast Network

Business, Technology

4.23.4K Ratings

🗓️ 21 May 2018

⏱️ 66 minutes

🧾️ Download transcript

Summary

Wall Street Journal investigative reporter John Carreyrou talks with Recode's Kara Swisher about his new book, "Bad Blood: Secrets and Lies in a Silicon Valley Startup." Carreyrou explains how Stanford dropout Elizabeth Holmes' company raised nearly $1 billion for blood-testing products that sounded too good to be true — and they were. Holmes idolized former Apple CEO Steve Jobs and sought to make Theranos out to be the next great Silicon Valley success story, but most of her larger investors were not experienced in either technology or medicine, and people who did raise red flags were pushed aside. Carreyrou says "Bad Blood," which will be adapted into a movie starring Jennifer Lawrence as Holmes, is a "cautionary tale" about entrepreneurship, ambition and hubris, and predicts that the company's top executives will be indicted for the cover-up. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hi, I'm Cara Swisher, executive editor of Recode.

0:03.4

You may know me as a fan of old vampire movies.

0:06.0

My favorite is Theranos Rottou.

0:08.2

Theranos, you're terrible.

0:09.8

But in my spare time, I talk tech

0:11.1

and you're listening to Recode Decode

0:12.6

from the Vox Media Podcast Network.

0:14.9

Today in the red chair is John Kerry Roo,

0:17.5

an outstanding investigative reporter

0:19.4

for the Wall Street Journal.

0:20.6

I was just complimenting him a few sably.

0:22.4

He's the author of a new book called Bad Blood Secrets

0:25.1

and Lies in a Silicon Valley startup.

0:28.0

It's all about his fantastic reporting on Theranos,

0:30.8

a blood testing startup that sounded too good to be true

0:34.3

and it was, John, welcome to Recode Decode.

0:37.2

Thank you for having me.

0:38.0

I love the name.

0:38.8

Of course, you had a call at Bad Blood, right?

0:40.0

You had no choice.

0:41.2

Yeah, I came up with that title early on.

0:43.7

That was actually the title of the book proposal.

...

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