When Elizabeth Holmes was a 19-year-old at Stanford University in 2003, she decided to drop out and start her own company, Theranos. She felt strongly that her tuition money could be used for a greater and more benevolent purpose: revolutionizing healthcare.
Holmes wanted to create a technology that would make blood tests easier. She hates needles, and wanted to make blood tests simpler, cheaper and more accessible for all people. For a decade, she quietly worked on a technology that would make blood tests nothing more than a painless finger prick.
She created a hardware and software that allow for blood tests to be done by pricking someone’s finger and storing the blood in a tiny vial called a nanotainer.
Some people are so afraid of needles and blood; they would rather avoid getting blood tests than obtaining potentially life-saving medical information. Holmes’ technology eliminates that fear, and makes it easier and more likely that people will get necessary blood tests.
With the single prick of a finger, the technology Holmes has created can provide a wealth of information with exceptional efficiency. The new tests can be done at a pharmacy without going to a doctor or lab, and the results only take about four hours. Furthermore, the same drop of blood can be used for multiple tests with this technology.
Blood work/test can also be very expensive, depending on your insurance coverage. This new test, however, is much cheaper, which was always one of Holmes’ goals when she started Theranos.
It’s painless, more accurate, cheaper and quicker. Simply put, this technology is revolutionary, and it will save lives.
Holmes’ company, Theranos, is now worth $9 billion. She owns 50 percent of it and is worth $4.5 billion, making her the youngest female and third-youngest billionaire on the recently released list of the 400 richest Americans from Forbes. She is the youngest woman to become a self-made billionaire.
Her company has also partnered with Walgreens, and it seems that it will only continue to grow. Yet, Holmes did not create her company to get rich, she sincerely wanted to make a change in the world. As she puts it:
“We’re successful if person by person we help make a difference in their lives. Our purpose is to give people access to the basic right of being (blood) tested when they need to or want to. If we can do that, then we will have made a difference”.
She believes that affordable and efficient healthcare is a human and civil right. Elizabeth Holmes is proof that greatness is achieved by combining passion, innovation and the desire to better the lives of those around you.
IF YOU CAN THINK IT! DREAM IT! THEN YOU CAN DO IT! SO DO NOT GIVE UP ON YOUR DREAMS!!!