Rethinking Entrepreneurship

Richard K. Yu
The Startup
Published in
6 min readMay 22, 2018

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Why everyone should be paying more attention to the Theranos scandal.

Summary of Theranos inception, rise, and demise. Source: Pitchbook

The Theranos debacle is one of the most problematic instances of scientific fraud and a stunning lack of oversight in recent times.

Jean-Louis Gassée gives a great primer on everything that seems to have gone wrong in his recent article detailing the issue below.

To take on the mantle of the entrepreneur you have to be willing to take big risks.

High risk, high reward.

But let’s not forget that great bluffs also pay out in a game of poker.

Do you ever wonder how many successful people have faked it until they made it and then never went back to do their due diligence for faking it?

You know, the unapologetic and guiltless impostors. The arguable opposites of those with impostor syndrome — the opposites of those with talent but who doubt their own ability.

People who specialize in sounding convincing rather than having actual expertise in their proclaimed subject area?

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