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EC Erika Cheung On Start Here

“Of course there will be people who want to work for her again. Especially in the Valley there's this ethos: you failed, and then you can come back and have this comeback story of building a company that proves everyone wrong and you were the underdog. Everyone wants to buy into that new narrative. I have no doubts that she will find some subset of people that will invest in her. But what I know about point of care diagnostics, it's highly unlikely that business will take off.”

Start Here · Policy · November 2026

“Of course there will be people who want to work for her again. Especially in the Valley there's this ethos: you failed, and then you can come back and have this comeback story of building a company that proves everyone wrong and you were the underdog. Everyone wants to buy into that new narrative. I have no doubts that she will find some subset of people that will invest in her. But what I know about point of care diagnostics, it's highly unlikely that business will take off.” — Erika Cheung, Start Here

Context

Asked whether people in Silicon Valley would work for Elizabeth Holmes again on a new venture in the same space, she explains the Valley's appetite for comeback stories while doubting the business itself.

Transcript

Start Here Around 21:39 into the episode
Speaker 4

…right solution for everyone, but it was mine. I had to come to forgiveness with everything that happened. And I genuinely like, you know, I wish this person well. Like spend that time with your kids, you know, heal those horrible things that happened to you. Like, just be well. Focus on being well.

Speaker 1

…on a new business in the same space. And I hear what your feelings are sort of towards that idea. But what I'm most curious about is knowing the world that you operated in, Silicon Valley, are there people out there right now who will want to work for Elizabeth Holmes again on a similar venture?

Speaker 4

Of course there will be. Of course there will be, right? Not only do people have to feed their families and are interested in the prospect of like, hey, I need to make an income, but people, especially in the Valley, kind of have this ethos sometimes, right? Like, oh, well, you failed. And then you like can come back and like have this comeback story of building this company that then like proves everyone wrong and you were the underdog. And, you know, this is where you get to show everyone that they were wrong about you. So I think everyone wants to buy in this new narrative of that possibility. So I have, I have no doubts that she will find some subset of people that will buy into her or that will invest in her. It just seems like we've seen this play out in other scenarios too. I think it's the question: is this going to be a successful business? What I know about point of care diagnostics and at least my experience with this person's competency, it's highly unlikely, highly unlikely that that business will take off, in my opinion. And maybe this is more fodder for her too, or Carter. I don't know. But those aren't the ingredients for success in my mind.

Speaker 1

From conversations with you and some of the other people who we got to know along the way with Theranos, there's a degree of chatter happening because of this, because of this film. Have you exchanged messages with any of your former Theranos colleagues? And what are people saying?

Speaker 4

So I'm actually supposed to meet with Tyler. That's funny. I just thought you made me realize actually that I didn't tell him hello. Yeah, I didn't respond back to him. I was supposed to actually talk to him today. You know, there's some chatter. You know, the unfortunate thing, I think people…

Speaker 3

The next chapter is here. The Hulu Original Series: The Secret Lives of Mormon Wives. Orange County is coming to Hulu and Hulu on Disney Plus on November 12th.

Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.

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