Nick Bilton’s analysis of his Theranos exposé How I Got to the Bottom of the Theranos Mess
WTF? John Carreyroux made explicit a fact that had already been obvious to anyone half-awake (i.e. not the tech reporters) – that Theranos was pimping nonexistent technology. Why is Nick Bilton claiming credit for someone else’s work?
That’s a tautology, since if scientists ran a business they would become businesspeople.
What I was getting at is that it seems preferable for society to engage in and benefit from scientific work without engaging in business.[quote=“Wanderfound, post:16, topic:86548”]
Many scientists think of business administration as a tedious waste of time that could be better spent on research, and
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They would be right - because business is a waste of time, as well as resources.
It requires certain resources, and it seems quite debatable whether or not business is an effective way of organizing or managing those resources.
Theranos was based on the idea that its tests required much less blood than other tests on the market-- and could revolutionize diagnostics, because you could test for more things per office visit, and, perhaps, more importantly, test for things that were asymptomatic, but could cause problems in the future.
It turned out not to be true, so they had no competitive advantage.
Oh, I agree with that. My point was that scientists are often lousy at it. I think the skills for doing science are not just different but orthogonal to doing business.