America’s youngest self-made female billionaire a college dropout

America’s youngest self-made female billionaire is 30 years old and a college dropout.

Elizabeth Holmes left Stanford University at 19 with a plan to start her own company. For money, she cashed out the funds from her parents

“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.”

At just 9 years of age, Holmes wrote in a letter to her father, “What I really want out of life is to discover something new, something that mankind didn’t know was possible to do.”

Ranked No. 110 on the Forbes 400 in 2014, Holmes topped the list of America’s self made woman in 2015 with a net worth of $4.7 billion.

Her idea: 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 she’s passionate about.

  • Her company name, Theranos, is a combination of the words therapy and diagnose.
  • Since launching in 2003, Theranos has developed blood tests to help detect dozens of medical conditions, including high cholesterol and cancer, using just a drop or two of blood drawn from a pinprick in your finger.

“My father worked in disaster relief and so I grew up in a house that had pictures of all these little children in really tough parts of the world,” she said. “I was absolutely convinced that was what I was going to do. Then when I started realizing that a company could be a vehicle for having very direct impact over a change that you are trying to make, I started thinking about the concept of what could I build that could impact a lot of peoples’ lives?”

Holmes is often compared to visionary Steve Jobs. she launched her company after “thinking about what is the greatest change I could make in the world.” as told by her to one magazine.

Theranos teamed up with Walgreens pharmacies to help make that happen, and the centers are built within existing Walgreens stores.”It’s bringing the testing closer to where people live and also changing the hours of operation, so that on a weekend or late at night you can get access to these tests. You don’t have to leave work, leave your job during the day,” Holmes said.”I really believe that if we were from another planet and we sat down to put our heads together on torture experiments, the concept of sticking a needle into someone and sucking their blood out would probably qualify as a pretty good one,” she said.

America’s youngest billionaires innovative strategy business strategy had her flying for more than a decade as she built her revolutionary blood-testing company, Theranos.

  • According to The New Yorker, She no longer devotes time to novels or friends, doesn’t date, doesn’t own a television, and hasn’t taken a vacation in 10 years … She is a vegan, and several times a day she drinks a pulverized concoction of cucumber, parsley, kale, spinach, romaine lettuce, and celery.”
  • She abstains from caffeine, limits the amount of time she sleeps, and works seven days a week (Insights by Stanford Business).
  • Holmes is notoriously secretive, and while she’s been criticized by industry peers as such, insists she must protect her technology from the prying eyes of competitors.
Holmes is also a proponent of transparency in health care, so Theranos lists the price of all of its nearly 1,000 tests on its website. 
“Forty to sixty percent of Americans today are not compliant with even the basic tests that their physicians give them when they do see them, because often they can’t afford it, or they are scared of needles,” Holmes said.Part of Holmes’s inspiration came from her aversion to needles; her mother and grandmother even fainted at the sight of needles.
Holmes has set her sights on more than simply dominating the blood-testing market; she wants to create a whole new market called “consumer health technology” that will see consumers more engaged in their health care.
  • According to  CBS News Holmes spends every waking hour in her office and doesn’t even own a TV at home.

Originally posted 2017-01-09 14:20:44. Republished by Blog Post Promoter

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I am vimi. I am an electronics engineer and have a vast experience with several MNCs. At present I am working as a full time teacher . Through this blog I want to inspire women and make them feel important and loved which ofcourse they are. So here I am to give you all my time and make your life beautiful

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