From a funding standpoint the first question that comes to mind is, &quot;How did this happen?&quot;<p>Theranos to date has raised $88.4M. The Series C was raised in 2010 following a 4-year hiatus.<p>In the ten years since the founding of Theranos, they were unable to hire anyone who would help them figure all this shit out?<p>It seems insane to me that a well respected venture firm like DFJ, who invested in their Series A,B and C, would not have done their due diligence and understood where Theranos would become vulnerable. Everyone knew that government regulators would be involved since day one.<p>I am bullish on Elizabeth. She is obviously extremely intelligent and charismatic but I&#x27;m bearish on her investors. Step one of funding should have been building a blood test that actually works and step two is getting that $88M test approved.<p>Without knowing the <i>whole</i> story it&#x27;s hard to form an opinion about the situation but I am super interested in the psychology of how all &quot;this&quot; happened.<p>Thoughts?