Welcome to Inside the Hive. I am your host Nick Bilton. I have a very very

special guest with me today who I have known for a couple years now who I wrote about and now has an incredible

book out called Bad Blood Secrets and Lies in a Silicon Valley startup, which sounds as insane as the title.

John Carrey, you, welcome to The Hive.

Thank you for having me.

Thanks for coming all the way out to LA to sit here with me and talk about this.

Let's give like the, we're in an elevator, you just got in with someone who has no idea who Elizabeth Holmes

or Theranos or this crazy story is can you just give us

the the elevated pictures we go from floors 8 to 9? Sure so Elizabeth Holmes is a young

woman who dropped out of Stanford in 2003 with a vision that

she was going to revolutionize blood testing and she created a company called Therinos, and her conceit was that she was going to create a device

that was going to test tiny samples of blood pricked from a finger and be able to run the full range

of lab tests on that tiny sample.

And ten years after she founded the company, she rose to fame and started gracing the covers of magazines and went live with her technology, her finger stick blood tests in Walgreen stores and her company reached

evaluation of $10 billion and she had kept half of the equity and so she

was worth almost $5 billion and she was the youngest self-made female billionaire in the world at that point.

And so now comes along, John Carreyer youue and you are at the Wall Street Journal as a what's

your title? I'm an investigative reporter and covering I had covered for most of the previous 10 years medical issues, the health care system, the pharmaceutical industry.

I'd done a series on Medicare, fraud, and abuse, and so really health care was sort of my specialty.

Really kind of difficult to understand mundane topics.

Often, yeah.

Yeah.

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