The founder of a Silicon Valley bio-testing startup stands accused of misleading investors, cutting scientific corners in the quest for growth, and even romancing a fellow executive. Theranos? Nope. uBiome, the fecal analysis specialists. And the FBI is at the door:
On the heels of an FBI raid of its offices in San Francisco, the buzzy health startup uBiome is under investigation.
The company, which has raised $105 million and achieved a $600 million valuation, is reportedly being investigated for issues related to how it billed customers for its tests, which were geared toward highlighting the role the microbiome plays in human health.
uBiome portrayed its tests as free to patients and said insurance companies would foot the bill. In reality, customers were sometimes saddled with thousands of dollars of bills when their insurance declined to pay. Interviews that Business Insider previously conducted with several former uBiome employees suggested that the company may have cut corners on its science as well. ...
Separately, The Wall Street Journal reported this week that uBiome was using stock photos to illustrate customer testimonials on its website. The company removed the testimonials from its site after questions from The Journal, the newspaper said.
Brian Feldman of The Intelligencer interviewed New York Times reporter Mike Isaac about his new book, Super Pumped: The Battle for Uber. I haven’t read too many start-up histories but Super Pumped is the only one I’ve read that has a significant amount of violence. Uber drivers are pressured to keep driving in adversarial conditions […]
Mountain View -- home to some of Silicon Valley's most profitable companies, including Google -- is one of the most expensive places in the world to live, thanks to the sky-high wages commanded by techies, who have gone on to bid up all the real-estate in the region.
Good morning, Happy Mutants. Previously: 10 minutes of Elizabeth Holmes’ creepy unblinking stare with Beethoven’s Moonlight Sonata.
The bummers of adulthood are too many to count, but one of our least favorites is the inability to sit down and enjoy a nice bowl of cereal. When you’ve got a long commute ahead, let’s face it: That extra time it takes to pour the milk and chow down is too precious to spare. […]
Who are these people that have time for a job, social life, and actual healthy meals? With a nutrition segment on seemingly every talk show and entire networks devoted to food, it can sometimes seem like we’ve never left our mother’s house and her constant admonitions to “eat your vegetables!” And okay, she was right. […]
Every Christmas list has names you dread buying for. But hold up: Before you wave the white flag and get them yet another gift card, scroll down a few. We’ve got 15 items that run the gamut from stylish old-school lighters to cutting-edge audio tech, enough variety to please any Scrooge. And the best part? […]