Home TechnologySilicon Valley’s Culture of Failure and the Few Who Made It Out On Top
TechnologyBy Joe Burgett -

Silicon Valley’s Culture of Failure and the Few Who Made It Out On Top
[Image via The Verge]

Failure – Theranos

  • Current Company Value: SHUT DOWN

Founder and CEO, Elizabeth Holmes, is sociopathic and quite literally lied to investors enough to trick them into investing millions into a nonexistent product. Known as Theranos, the company was supposed to have been a medical tech company that had a product capable of doing blood tests that required only a small amount of blood to operate. It would also get the results back rapidly with extreme accuracy, and not just your normal CBC stuff but for other rare issues. This product would be revolutionary to the medical community as well as to governments worldwide.

Silicon Valley’s Culture of Failure and the Few Who Made It Out On Top
[Image via Mundissima/Shutterstock.com]
Best of all, the product was supposed to be easy to use as it worked using a small automated device. Thus making the device easily portable to take anywhere one needs to go. Holmes valued her company and due to her sociopathic abilities, was able to trick people into investing $700 million into Theranos. Due to her lies, Holmes faced numerous lawsuits from the SEC, CMS, State Attorney General, her business partners, and countless others. In January 2022, Holmes was found guilty of fraud and conspiracy. Overall, Theranos has to be considered one of the biggest failures among Silicon Valley corporations. Perhaps, the ultimate failure.

Silicon Valley’s Culture of Failure and the Few Who Made It Out On Top
[Image via Benny Marty/Shutterstock.com]

Success – Alphabet, Inc.

  • Current Company Value: Around $360 Billion

While Alphabet, Inc. has made some questionable decisions regarding products over the years, they have the luxury of being able to fail. This is the company that owns Google as well as YouTube. They are two of the most visited websites on the planet, with Google being the #1 most visited website off and on for several years at this point. The company has had its fingers in many pies and currently has a stake in Robotics, Software, Artificial Intelligence, Autonomous cars and Automation, Biotechnology, Cloud Computing, and Computer Hardware.

Silicon Valley’s Culture of Failure and the Few Who Made It Out On Top
[Image via AngieYeoh/Shutterstock.com]
This doesn’t include the company’s own internet service (Google Fiber), nor the company’s venture capital. As one of the most successful Silicon Valley corporations, they have had room to fail. Such as with things like Google Glass, Google Lively, Google Nexus phones, and their attempt at social media in Google+. In spite of these issues, they have thrived anyway. Founded by Larry Page and Sergey Brin, Alphabet has managed to do very well. The two stepped away in 2019 and now Sunder Pichai is leading as CEO. What will the future hold for one of the most successful Silicon Valley corporations? We’re excited to see for ourselves!

Where Do We Find this Stuff? Here Are Our Sources:

Alphabet, Inc.

Adobe

Apple

Applied Materials

Bloomberg

Broadcom

Business Insider

Cisco Systems

Hewlett-Packard (HP)

Intel

MacroTrends

Meta

Microsoft

Netflix

Nvidia

New York Times

The Washington Post

Western Digital

WIRED

The Verge

Vox Media

Yahoo

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