Unless you’ve been living under a rock for the past decade, chances are you’ve heard of the story of Elizabeth Holmes and Theranos – it’s now the subject of a bestseller deliveredtwo podcasts, one HBO Documentaryand, most recently, Hulu’s fictional TV series The Stall. But for those unfamiliar with the story, it goes like this: Holmes dropped out of Stanford to start a tech startup, Theranos, which promised to perform blood tests using just a drop, rather than a full vial. , blood from a patient. In 2014, Theranos was a monster success in Silicon Valley, having raised $700 million in venture capital and reached a valuation of over $9 billion. Holmes became a media star, celebrated as the rare young female founder of technology; among other accolades, she received a glowing profile in the new yorker. But it didn’t take long for his empire to crumble. In 2015, John Carreyrou reported in The Wall Street Journal that the company’s technology was fraudulent and it all fell apart from there.
Earlier this year, Holmes was found guilty of four counts of fraud. She faces up to 20 years in prison for each guilty verdict, but these sentences are likely to be served simultaneously, by BNC News; she stays released on bail until his sentencing in September.
Waiting for, The stall will premiere on Hulu on March 3, giving viewers a window into Holmes’ inner orbit — including his parents Christian and Noel (played by Michael Gill and Elizabeth Marvel on the show), former government workers who supported their daughter throughout her public hardships. Below, read more about Elizabeth Holmes’ parents, Christian Holmes and Noel Anne Daoust.
What is Elizabeth Holmes’ family background?
Although Elizabeth Holmes is now the most famous – or the most infamous – member of her family, her father comes from a distinguished line. His paternal great-great-grandfather, Christian Holmes, was an engineer and physician who emigrated from Denmark to Cincinnati, Ohio, and is so successful that a Cincinnati hospital is named after him. He married the rich Bettie Fleishmanwhose family founded Fleischmann Yeast, a pioneering company in packaged yeast. In this 2014 New Yorker profileexplained Holmes, “I grew up with these stories about greatness, and about people who decide not to spend their lives on something useful, and what happens to them when they make that choice – the impact on the character and quality of life.
Holmes’ childhood neighbor, psychiatrist and inventor Richard Fuisz, remembers the family placing too much emphasis on his family history. “That family background was part of the scam,” he said. Forbes. “[Elizabeth Holmes] would be introduced and when questions were asked about his scientific background or his business acumen, these family members would be brought up. (Theranos sued Fuisz and his son in 2011, accusing them of patent theft; the lawsuit was settled in 2014.)
John Carreyrou, too, noted how the family legacy affected Holmes. “I think the parents yearned a lot when the family was one of the wealthiest in America. And I think Elizabeth channeled that and at a young age,” he told the podcast. The stall — the project the Hulu show was based on.
Who is Elizabeth Holmes’ father, Christian Holmes?
Holmes’s father, Christian, benefited from accomplished members of his family: he grew up to a wealthy family in San Francisco, raised by a businessman father and a model mother; memorably, he even accompanied one of the Hearst girls to a cotillion ball beginning in the late 1960s. attending Wesleyan University, he entered the civil service, working for the United States Agency for International Development and the Department of State. Initially, her daughter planned to follow in her footsteps. As she explained to CNN in 2014, “My dad worked in disaster relief so I grew up in a house that had pictures of all these little kids in really tough parts of the world. I was absolutely convinced that was what Then when I started to realize that a business could be a way to have a very direct impact on a change you’re trying to make, I started thinking about the concept of this that I could build that could impact the lives of a lot of people?” According to FuiszElizabeth Holmes idolized her father as a child.
However, Christian Holmes’ career has not been entirely made up of government work: he has also served as vice president of energy companies Tenneco and Enron. run away claims he helped Holmes in the aftermath of the Enron scandal and the company’s subsequent collapse: “When [Christian Holmes] came back to DC after Enron failed, he was broke and came to us crying. He had no money. I was living in a new house a few blocks away and told him he could live in our first house in McLean, Virginia, rent free. Holmes then returned to public service, working at the EPA, as director of USTDA, and at USAID, where he served as global water coordinator. From 2018he was a senior advisor to the Boston Consulting Group.
Money from Elizabeth Holmes’ parents – and Christian’s connections – were instrumental in Theranos’ early success. She persuaded his parents to invest the rest of his college fund (about $100,000) in his idea of what would become Theranos, and later they had to put more money into their retirement fund. Through his social and political connections, Christian was able to introduce his daughter to venture capitalist Timothy Draper – a former neighbor of the family’s time in California – and Donald L. Lucas, the founding investor of Oracle, who later connected Elizabeth Holmes to Larry Ellison. Both Lucas and Ellison invested in his business.
Who is Elizabeth Holmes’ mother, Noel Anne Daoust?
Less is known about Elizabeth Holmes’ mother, Noel Anne Daoust, who lived a less public life than her husband. Like him, however, she worked in government, serving as foreign police assistance – including to Representative Charlie Wilson, a legendary Texas politician who was the subject of the film Charlie Wilson’s War. After Elizabeth and her brother Christian were born, Noel quit to stay home with his children.
In 2014, when Theranos was still going strong, Noel said Fortune on her daughter’s determination. She recalls a time when Holmes first decided to write a patent application while still living at home: “I saw her sit down at the computer, and for five to six days, she barely got up… I brought her food. occasionally, and she slept maybe an hour or two a night for five nights. Later, she would support Holmes’ decision to leave school and start a startup. “What do you want for your children? christmas said Fortune. “You want them to do something they’re passionate about. To follow their dream. To help people. To change the world. So we were like, ‘Of course. Go do that.'”
Richard Fuisz recalled Noel taking a more aggressive role in his daughter’s development; as he said Forbes“Noel programmed Elizabeth to be like me, to invent and learn a language. I am a psychiatrist and a family doctor and I would tell a father and a mother not to treat their child this way. She will be what she will be.
Tyler Shultz, an early Theranos whistleblower, also remembers Holmes’ relationship with his parents differently. In his memoirs, he describes the organization of his 30th birthday party. “There was a weird situation where my parents kept saying [Holmes] to invite her parents, and they just assumed she did,” he explained. “And then my grandparents were talking to Elizabeth’s parents on the phone, and Elizabeth’s parents were completely unaware that she was having a 30th birthday party, so it didn’t seem like she was very close to her parents at all. .”
Did Elizabeth Holmes’ parents attend her trial?
Both of Holmes’ parents supported her throughout Theranos’ collapse and her fraud trial. On the day of the pleadings, The daily beast reported that Holmes “shake hands with his mother, Noel, and pushed his way through the crowd and through security”. After the verdict was read, her father reportedly kissed her forehead and she walked out of court with her parents and partner, hotel heir Billy Evans.