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Conviction of Theranos founder Elizabeth Holmes splits Silicon Valley

Supporters say spirit of entrepreneurship is in ‘jeopardy’ while others say she overstepped boundaries

In some respects, Elizabeth Holmes resembled a typical Silicon Valley entrepreneur: she hyped up a secretive product, gave Ted talks and adopted the signature Steve Jobs turtleneck.

But in other ways, she operated outside of normal Silicon Valley channels, relying on a wide range of wealthy investors to catapult her blood testing start-up Theranos to a $9bn valuation at its peak, before its spectacular collapse in 2018.

So after a federal jury found Holmes guilty of defrauding investors on Monday, Silicon Valley investors and other industry watchers remained divided on how to read the significance of the verdict.

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