Based on the real-life events of the Theranos scandal, the show stars Amanda Seyfried as Holmes: a woman once touted as the next Steve Jobs and a self-made billionaire – before a catastrophic fall from grace.
Hulu’s highly-anticipated drama, The Dropout, made its way on the streaming platform last week, and viewers have wasted no time binge-watching the first three episodes.
The series tells the true story of the rise and fall of disgraced biotechnology entrepreneurs Elizabeth Holmes and Theranos. Elizabeth Holmes’s rise to fame – then infamy – started with a noble enough idea: one drop of blood could diagnose various diseases.
We won’t spoil the hit series for you, but you should know that the story starts in 2003, when 19-year-old Holmes founded health technology company Theranos.
The company patented a blood-testing machine that they named Edison, theoretically supposed to run nearly 1,000 tests based on a single drop of blood.
Impressing just about everyone in Silicon Valley, she raised over $700 million for her venture and was eventually given a $10 billion valuation at the company’s peak in 2014.
Of course, given the amount of money involved, the revolutionary new technology, and her relatively young age – Holmes received much attention from tech experts and the media.
This attention changed when it turned out that everything wasn’t quite as it seemed. From Silicon Valley’s prodigy, she became a pariah, and when legal proceedings began – she became a suspect.
Yet today, she stands convicted of fraud, facing up to 20 years in prison after a months-long trial played out in California in her early 30s.
The show follows Holmes, who claimed her company would revolutionise diseases with a radical blood test. However, once rumours of fraud started to circulate, the self-made billionaire quickly met her defeat.
The show is gripped by viewers, packed with high-stakes drama and features a starry supporting cast, including Stephen Fry, Lisa Hamilton and Alan Ruck.
Check out the trailer below: