This is a replay of a previously recorded video and podcast regarding the responsibility of investors and entrepreneurs to commit to transparency and full disclosure to not only avoid accusations and criminal findings of fraud and conspiracy to commit fraud, but quite frankly to identify the red flags so you avoid that kind of entrepreneur and opportunity all together.

Karen Rands recorded a new intro to this video/podcast directly dealing with the Elizabeth Holmes, Theranos, meteoritic rise and crashing collapse that discusses the lessons learned and the roadmap as to why so many prominent investors invested upwards of $945 Million into a venture that would be discovered to be built on a mountain of lies, data manipulation, and intentional non-disclosure of material facts effecting the validity of the invention and the financial success of the company.

Context for the revelation about the fraud perpetrated by Elizabeth Holmes, Founder and CEO of Theranos, a company that sought to develop and manufacture a medical device that could identify, monitor, and deliver therapeutics for disease detected through a prick of blood.
Elizabeth Holmes had all the characteristics of the ideal startup founder:
- visionary capable of big noble ideas
- intensely competitive
-internally motivated
- strong drive and determination
- highly intelligent
- charismatic

Except one - commitment to truth & transparency
and she had the one fatal flaw that often comes along with these other characteristics, but can hide underneath the surface only to reveal itself when faced with undeniable defeat -- total inability to accept and admit failure, due to a fragile ego and innate since of entitlement to succeed at any cost, and therefor not learn from it,

This case is also an example of the weight and validity that investors will place on the tacit endorsement of an early prominent investor, who may not be able themselves to identify the red flags and believe that with enough money and deal can be fixed. Their own ego won't let them admit they made a bad investment decision so they continue to invest good money after bad, with a wish and a prayer it will work out. In some cases, it does. In the case of Elizabeth Holmes and Theranos, and the $945M invested, it did not.

Karen Rands is a top podcaster and speaker focused on creating wealth through building and investing in successful entrepreneur endeavors. She wrote the best selling primer for Angel Investors: Inside Secrets to Angel Investing and is working on her next book for CEO & Founders that are 'stuck' and don't know where to get the money to scale their businesses.

To learn more about the programs and services that Karen and her team offer to entrepreneurs and investors, visit http://karenrands.co

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