#WCW: Entrepreneur Elizabeth Holmes
7 things you need to know about her company, Theranos
Every now and then, we come across a woman doing something so incredibly awesome for the world that it stops us in our tracks.
One such woman: Elizabeth Holmes, the 30-year-old founder and CEO of Theranos--and America's youngest female self-made billionaire.
Her lab diagnostics company is revolutionizing the health care system by making blood tests quick, accessible, painless and, perhaps biggest of all, way more affordable.
Here, the need-to-know facts about Holmes, and the brilliant technology you'll be seeing much more of in 2015:
1. She founded Theranos at the ripe age of 19, shortly after leaving Stanford, where she studied microfluidics and nanotechnology.
2. The college professor who initially discouraged her decision to drop out eventually retired from his tenured position to join her company full-time.
3. The company's overarching mission is to enable early, pre-symptom illness detection--and in doing so, save lives.
4. Her technology allows for blood tests to be done by simply pricking a finger and storing the blood in a tiny vial called a nanotainer.
5. As many as 30 lab tests can be conducted from one tiny sample, and patients can receive test results in less than four hours.
6. In the next five years, she wants to see Theranos wellness centers within five miles of every American. (Centers are soon to roll out at nearly every Walgreens location.)
7. She says if all tests in the U.S. were performed on Theranos's cost-efficient rates, it would save Medicare and Medicaid over $200 billion in the next decade.
For more on Holmes, tune in to her awesome TED Talk.