Theranos Whistleblower Tyler Shultz on Doing the Right Thing and Overcoming Fear
The Daily Stoic
Daily Stoic | Backyard Ventures
4.5 • 5.3K Ratings
🗓️ 25 December 2022
⏱️ 77 minutes
🧾️ Download transcript
Summary
Ryan speaks with Tyler Shultz about his new audiobook Thicker than Water, the harsh realities of being a whistleblower, how he overcame the fear of backlash from his decision to expose Theranos, Elizabeth Holmes’s motivation, and more.
Tyler Shultz is an entrepreneur and author whose work focuses on driving innovation in healthcare. He graduated from Stanford with a Biology degree and entered the national scene when he blew the whistle at Theranos by exposing the company’s dubious blood-testing practices activities to the public health regulators in New York and the Wall Street Journal. He is featured in Alex Gibney’s HBO documentary The Inventor. Tyler is the CEO and Co-Founder of Flux Biosciences, Inc. His efforts were recognized by Forbes when he was named to their “30 under 30” Health Care 2017 list. Tyler can be found on twitter as @TylerShutz_.
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Transcript
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| 0:00.0 | Welcome to the weekend edition of the Daily Stoic. Each weekday we bring you a meditation |
| 0:09.9 | inspired by the ancient Stoics, something to help you live up to those four Stoic virtues |
| 0:15.2 | of courage, justice, temperance and wisdom. And then here on the weekend we take a deeper |
| 0:21.3 | dive into those same topics. We interview Stoic philosophers, we explore at length how |
| 0:28.7 | these Stoic ideas can be applied to our actual lives and the challenging issues of our time. |
| 0:36.3 | Here on the weekend when you have a little bit more space when things have slowed down, |
| 0:41.6 | be sure to take some time to think, to go for a walk, to sit with your journal and most |
| 0:47.4 | importantly to prepare for what the week ahead may bring. |
| 0:55.8 | Hey prime members, you can listen to the Daily Stoic podcast early and add free on Amazon |
| 1:00.2 | music. Download the app today. |
| 1:06.2 | Hey it's Ryan Holiday, welcome to another episode of the Daily Stoic podcast. I know we'd |
| 1:12.8 | written an email about this a long time ago and I remember the subject line, the subject |
| 1:18.2 | line was doing the right thing, can cost you everything. And so I went to find it. I |
| 1:22.5 | searched that in my Gmail inbox and I found that we had sent this email on November 29, |
| 1:29.2 | 2016. So Daily Stoic was a couple months old and I'll read you this this first paragraph. |
| 1:35.0 | In early 2014, an employee of the multi billion dollar medical company Theranos began to worry |
| 1:41.0 | that the company may be engaged in fraudulent activities. Despite being a relatively low |
| 1:46.5 | level employee in his early 20s, he decided to do something about it. Right. And it goes |
| 1:51.8 | on to talk about him becoming a whistleblower. How this whistle blowing was not well received, |
| 1:59.2 | not appreciated. He was doubted. He was attacked. He was sued his own grandfather who was on |
| 2:03.8 | the board of directors turned against him. In fact, his parents, as I say in the email, |
| 2:09.8 | his parents into having to take a mortgage out on their house to pay their legal bills, |
... |
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