Source: CNBC
Summary
Sam Altman, CEO of Y Combinator, testified in the Elizabeth Holmes trial, stating he believed he was an honest and trustworthy businessperson. Altman was called as a witness by the prosecution to testify about his interactions with Holmes and her company, Theranos. Altman had invested in Theranos and had served on the company’s board. He described his relationship with Holmes as “very friendly” but said he had concerns about the company’s technology.
Our Reading
The testimony follows a familiar script.
Sam Altman’s statement sounds like a typical CEO defense. Y Combinator’s investment in Theranos is just another example of the startup’s questionable judgment. Altman’s “very friendly” relationship with Elizabeth Holmes raises more questions than answers. It’s another case of a prominent figure supporting a flawed venture. And we’re still waiting for the ” lessons learned” memo.
Author: Evan Null
