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No Limits with Rebecca Jarvis

Introducing 'The Dropout'

No Limits with Rebecca Jarvis

ABC News

Business, Careers

4.7703 Ratings

🗓️ 16 January 2019

⏱️ 4 minutes

🧾️ Download transcript

Summary

Rebecca has a special message about a new podcast three-years-in the making. It's called "The Dropout" and you can subscribe here: https://apple.co/2FAlmjZ Launching January 23, 2018, "The Dropout" tells the story of the rise and fall of former Silicon Valley star Elizabeth Holmes, the youngest self-made female billionaire. She dropped out of Stanford to launch her company Theranos -- claiming her technology could detect hundreds of diseases from a drop or two of blood. If it worked, she would have changed healthcare forever. But today, Elizabeth Holmes is under criminal indictment. She pleaded not guilty, but is facing up to 20 years in prison on wire fraud charges. So how did it all come crashing down? In exclusive interviews with former employees, investors and patients, and in never-before-aired depositions from the people at the center of this story -- including Elizabeth herself -- you’ll hear an unbelievable story of fame and ambition gone terribly wrong. Learn more about your ad choices. Visit

Transcript

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0:00.0

Hey, No Limits listeners, it's Rebecca, and I'm coming to you with a special and short, I promise short announcement about a new podcast that I've been working on for the last three years.

0:10.0

It's called The Dropout, and it tells the story of Elizabeth Holmes.

0:13.9

She's a Stanford dropout turned founder and CEO of the tech company, Theranos.

0:19.0

Now, this was supposed to be a game-changing company, one that would change health care forever.

0:25.3

She was once the youngest self-made female billionaire.

0:28.0

She was heralded as the next Steve Jobs.

0:30.5

But the whole thing came crashing down amid accusations of massive fraud.

0:34.8

And now she is facing, if convicted, up to 20 years in jail. In the dropout,

0:40.6

you'll hear from Elizabeth Holmes, in her own words, through never-before-air deposition tapes,

0:45.3

and you'll hear from all the central figures at all chapters of this story. As many of you know,

0:50.6

I've been covering business now for more than 10 years. The housing collapse, the fall of

0:55.0

Bear Stearns, the Bernie Madoff scandal. And this story, it genuinely tops them all with the

1:01.1

intrigue and mystery. There's an office romance, billions of dollars at stake, and even tragedy.

1:07.2

The podcast is written and produced by me, Taylor Dunn, who you guys are familiar with.

1:11.5

She's my producer of No Limits as well, and Victoria Thompson.

1:15.3

And I really hope you'll take a listen.

1:17.2

Here's our trailer.

1:19.0

Please begin.

1:20.5

This is the testimony of Elizabeth Holmes going on the record in San Francisco, California, at 9 o'clock.

1:26.9

This is the story of the rise and fall of the world's youngest self-made female billionaire.

1:32.3

Did it concern you that a number of tests weren't working on Theranus' devices?

1:39.5

I know that we made mistakes.

...

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