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Yahoo Finance, a leader in business and financial news, announced the first feature length documentary from Yahoo Finance Presents, Valley of Hype: The Culture that Built Elizabeth Holmes. Against the backdrop of criminal fraud accusations and a federal trial against Holmes -- once the world's youngest self-made female billionaire and CEO of her biotech company Theranos -- Valley of Hype explores the influence that Silicon Valley's startup culture played in Theranos' ascent and collapse. The film considers how the region's ethos, which sometimes values a perfect pitch over proven results, could be raised in her defense. The film, narrated by legal reporter Alexis Keenan, introduces individuals close to Theranos who question whether Holmes is to some extent a victim, rather than a villain, of the Silicon Valley culture that supported her ascent. The former Silicon Valley darling, Holmes, now faces up to 20 years in prison over the Justice Department's charges that she used Theranos, her once-hyped blood testing company, to defraud investors. The Yahoo Finance documentary features exclusive interviews with people tied to Theranos who have never spoken out before, including board member, Dan Warmenhoven, and bio-engineer, Jocelyn Bailey. The film also features experts on Silicon Valley's evolution as a tech and investment hub who question the diligence of other interested parties who went along for the company's once valued $9 billion ride. "Valley of Hype questions the diligence of financial, political, and academic heavyweights who surrounded Elizabeth Holmes and helped her build Theranos," Keenan said. "The film takes a look at those parties and how they fit into a culture that promoted extraordinary faith in an inexperienced college dropout."
Transcript
00:02It all starts with a very unique kind of founder who truly has a passionate burning conviction
00:09that they've come up with an idea that will change the world.
00:17Finding the right people to invest in you, I think, is everything.
00:30This is the valley of dreams, right?
00:33There is no other place in the world where somebody with a big idea can come and have access
00:42to capital, all of the corporate services you need to get it off the ground.
00:46Elizabeth Holmes was made possible by a broader culture.
00:58The hype machine is powerful.
01:07Of course, I have to blame Sonny Belwani and Elizabeth Holmes.
01:14I mean, they're the primary, too.
01:17The co-conspirators who created this mess.
01:21The question is, did she know she was perpetuating a fraud or was there something more mysterious
01:26going on?
01:29Even for Theranos, I'm not 100% convinced that it is fraud.
01:33You know, it's not uncommon for entrepreneurs in particular to talk in the present tense
01:39about the future.
01:42This is going to sound a little strong, but to a certain degree, she's a victim.
01:46This is going to sound a little strong.
02:15A deep dive into Silicon Valley's startup culture and the embattled biotech founder, Elizabeth
02:20Holmes.
02:21You can watch that right here on August 30th.
02:23And don't forget to hit your subscribe button.
02:26And don't forget to hit your subscribe button.
02:27I'll see you next time.
02:28Bye-bye.
02:28Bye-bye.
02:28Bye-bye.
02:28Bye-bye.
02:28Bye-bye.
02:28Amen.

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