Recode Decode: John Carreyrou

Decoder with Nilay Patel

Wall Street Journal investigative reporter John Carreyrou talks with Recode's Kara Swisher about his new book, "Bad Blood: Secrets and Lies in a Silicon Valley Startup." Carreyrou explains how Stanford dropout Elizabeth Holmes' company raised nearly $1 billion for blood-testing products that sounded too good to be true — and they were. Holmes idolized former Apple CEO Steve Jobs and sought to make Theranos out to be the next great Silicon Valley success story, but most of her larger investors were not experienced in either technology or medicine, and people who did raise red flags were pushed aside. Carreyrou says "Bad Blood," which will be adapted into a movie starring Jennifer Lawrence as Holmes, is a "cautionary tale" about entrepreneurship, ambition and hubris, and predicts that the company's top executives will be indicted for the cover-up.

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