Connect with us

Hi, what are you looking for?

Business

The Elizabeth Holmes Trial: Venture Capitalist Invested in Theranos Despite Information Deficit

The Elizabeth Holmes Trial: Venture Capitalist Invested in Theranos Despite Information Deficit

SAN JOSE, Calif.—Venture capitalist Chris Lucas invested in Theranos Inc. despite having less information about the startup than he was accustomed to getting as part of his decision-making process.

Mr. Lucas testified in federal court Thursday that his California firm, Black Diamond Ventures, first put more than $2 million into Theranos in 2006 and then invested about $5.3 million more in late 2013. That latter investment underpins one of the wire fraud counts against Theranos founder Elizabeth Holmes, whose criminal fraud trial has moved into its third month of witness testimony.

You May Also Like

News

A member of Pakistan’s parliament, Sania Ashiq Jabeen was born in Lahore and raised there. She studied at the National College for Drug Administration...

Lifestyle

SINGAPORE – For four decades, Japanese singer and actress Seiko Matsuda has built a following across Asia through a non-stop output of albums, television...

Politics

Almost every April since 1972, the Hash Bash has been held on the Diag of the University of Michigan campus, a free speech event...

News

Grief and joy coexist during Dia de Los Muertos, but Flo Hernandez-Ramos chooses to focus on the celebration every Nov. 2. DENVER — The...