Comment by adventured

The school is quite important depending on the fraud being perpetrated. Holmes doesn't get nearly so far without the Stanford (or equivalent) tag on every propaganda puff piece the media wrote to promote her.

Elizabeth Holmes, genius dropout of Marshall University - it just doesn't raise a billion dollars in venture capital quite the same way (even with her connections to people like Draper). She was sold as the next Bill Gates (or Zuckerberg), and the next Bill Gates must drop out of a prestigious school too, because she's so brilliant and her mission is so important she must be getting on to The Big Thing. Even Stanford could not contain her. The elite school is required to sell that fraud.

WeWork by comparison is an actual company with actual revenue ($3 billion for 2019 perhaps). It's just not worth anywhere near what the pumped up VC numbers were attempting to keep inflated. Maybe in liquidation its worth $500m, maybe it's worth $3b. Theranos was not a real company, it had no real products (going by the book Bad Blood), it had no consequential sales. Neumann was selling a different sort of fiction than Holmes (both were fiction mind you).