In this week’s episode we look at one of the most uncomfortable leadership stories of the modern business era. Elizabeth Holmes and Theranos force us to confront how easily confidence, narrative, and status can be mistaken for competence and truth. We explore how a young, driven, and highly credible founder built a nine billion dollar company, attracted world class investors, and became a symbol of innovation, while quietly crossing the line from ambition into deception.
We talk about the cult of leadership, the danger of survivor bias, and why we are so keen to believe in heroic founders. We examine the grey area between selling a vision and selling something that simply does not exist, and how leaders can gradually drift from optimism into outright dishonesty without a single dramatic moment of failure.
The episode explores integrity, authority bias, and the responsibility of both leaders and followers. We discuss why intelligent, experienced people can still be fooled, what this story teaches us about accountability, and how leaders should balance hope, confidence, and truth when the stakes are high.
This is not just a story about one flawed individual. It is a lesson for anyone who leads, invests, follows, or wants to believe in simple stories of success. If you care about leadership, ethics, and decision making under pressure, this episode will challenge some comfortable assumptions.