Elizabeth Holmes built a billion dollar biotech health business in Silicon Valley, but the board, investors, employees, and the public were all mislead. Lessons learned from the handling of her company, Theranos, can be applied to nonprofits and the care of grants. Take a listen to learn what not to do within your own organization. The study of Holmes and Theranos is a case study in fraud, misdeeds, and taking the phrase “fake it ’till you make it” way too far.
A Lesson for Nonprofits: The Rise and Fall of Elizabeth Holmes and Thernos
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Grant writing, just like fundraising, is very relational. The truth is that people give to people. This is why we are talking to Kara D. Mostowy, CFRE, GPC, Chief Development Officer of The Watson Institutehttps://www.thewatsoninstitute.org/. We are working to break down the silos between fundraisers and grant professionals. The more we can work together, the better we can fund the good work of our organizations.