LeSports parent company LeEco continues to operate a streaming video service in China, as Le.com, but in May 2020 the company was delisted by the Shenzhen Stock Exchange after losing more than $1.6 billion in 2019. In 2019, after facing scandals in China over his companies' excess debt and questionable accounting practices, Yueting filed for bankruptcy while owing roughly $3.6 billion to creditors. March 14, 2019, 7:13 AM 8:43 Where ex-Theranos CEO Elizabeth Holmes got her start: Part 1 The ambitious young Stanford student dropped out of school to p. However, after establishing its LeSports subsidiary in 2014, LeEco ran into problems with cash shortages as founder Jia Yueting had piled up the company's debt in order to fuel expansion. Theranos founder Elizabeth Holmes raised millions from venture capitalists, but Silicon Valley investors see little effect on startup funding from the guilty verdict in her criminal-fraud trial. LeSports raised a total of $1.7 billion in funding from a group of investors that included venture capital firms HNA Capital, Caissa Travel, Zhongtai Securities, and Fortune Link, according to CB Insights. Theranos raised more than 700 million from venture capitalists and private investors, resulting in a 10 billion valuation at its peak in 20. The most expensive start-up failure documented by CB Insights is LeSports, a live sports streaming arm of onetime Chinese tech giant LeEco. The list includes a range of high-profile startup failures, from Elizabeth Holmes' alleged Theranos fraud to, the poster child of the 2000 dot-com bubble's bursting. Last week, a jury found Elizabeth Holmes, the entrepreneur behind the biotech startup, Theranos, guilty. Like a lot of players in The Dropout, he is rich as hell and remained so even after.
#Theranos reveal venture capitalism trial
A recent report from CB Insights looks at more than 200 of the biggest and costliest start-up failures ever. The Theranos stories they don’t tell you about Outrageous fraud is common in the world of venture capital Elizabeth Holmes With so much media focus on Elizabeth Holmes currently on trial for fraud you might think that cases like these, of outright fraudsters raising huge money from gullible venture capitalists, are few and far between. The larger than life personality was a venture capitalist who had a knack for betting on the right businesses.
0 kommentar(er)
