Shes Americas youngest female billionaire - and a dropout This billionaire is making bank on blood Americas youngest self-made female billionaire is 30 years old and a college dropout. The company she founded has the potential to change health care for millions of Americans. Elizabeth Holmes left Stanford University at 19 with a plan to start her own company. For money, she cashed out the funds her parents had saved for tuition. Now, she counts billionaire Larry Ellison as an investor and has former secretaries of state on her board. I think a lot of young people have incredible ideas and incredible insights, but sometimes they wait before they go give their life to something, she said. What I did was just to start a little earlier. Holmes, through her company Theranos, has taken on the $76 billion laboratory-diagnostic industry as her target. Its an industry that was just waiting to be disrupted, since blood testing has not changed since the modern clinical lab emerged in the 1960s. Her idea: No more vials. No more tourniquets. Just a pinprick of blood gathered in a container smaller than a dime. And up to 70 lab tests can be run on one drop of blood in less time than traditional tests. Holmes thinks that ease of testing will make people more likely to go through with blood tests and help with earlier detection of illness, something shes passionate about. Her father, Christian Holmes IV, has spent a career working in humanitarian assistance, including several executive positions with USAID
Posted on: Mon, 20 Oct 2014 17:33:30 +0000
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