Solutions to big problems – dreams, reality, and fraud

Big industrial problems attract entrepreneurs with big ideas and risk-taking investors. With good intentions, some end up as disastrous scams as promised products prove unattainable.

How does this happen? Such situations are rare, but some entrepreneurs fool themselves and investors into believing that obstacles can be overcome with just more dollars and patience.

The infamous Theranos case ended with the entrepreneur’s recent conviction for fraud, who falsely claimed to solve the problems of quick and inexpensive blood sample testing after raising hundreds of millions of dollars while falsely claiming success.

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