Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
you are here: HomeNewsTrends

Thyrocare boss recalls how he was asked to compare himself to fallen Silicon Valley star Elizabeth Holmes

One question that Thyrocare founder Dr A Velumani strikingly remembers compared him to Elizabeth Holmes, the fallen US biotech star, who was convicted on of defrauding investors in her blood-testing start-up Theranos.

January 05, 2022 / 03:52 PM IST
Thyrocare  founder Dr A Velumani was asked by investors how he compared himself to Elizabeth Homes.

Thyrocare founder Dr A Velumani was asked by investors how he compared himself to Elizabeth Homes.

When diagnostic laboratory chain Thyrocare made its initial public offering (IPO) in 2016, its founder, Dr A Velumani, faced several questions from investors.

One question that he strikingly remembers compared him to Elizabeth Holmes, the fallen US biotech star, who was convicted on Monday of defrauding investors in her blood-testing start-up Theranos.

Recalling the question from nearly six years ago, Dr A Velumani tweeted, “March 2016. IPO roadshow. 100+ meetings. All healthcare analysts of anchor investors asked same Q: how do you compare yourself with her? I did not have an answer.”


The Tamil Nadu-born scientist and entrepreneur ended his post with two “weary face” emojis.