Lessons from the Theranos fraud!

Elizabeth Holmes, founder of Theranos, has been found guilty on four of 11 charges of fraud, concluding a high-profile trial that captivated Silicon Valley and chronicled the missteps of the now-defunct blood testing startup.

@founders

+ Don't lie. As a founder, you can be as visionary as you want. But you must be accurate on the current state of your business.

+ Don't use the media to try to raise capital.

+ It's OK to fail (especially in Silicon Valley). So don't delay it with lies.

@investors

+ Don't listen to the media in order to invest. The press does not do the due diligence.

+ Don't follow your friends' investments blindly.

+ Do always your own due diligence or use professional tools like graypes.com