As does Mailtrap[0] which is apparently used by GitHub and Atlassian among others. (No affiliation, just happened to see their customer list and was somewhat impressed.)
Engh. What I'd say really killed Java Applets was that Sun disliked Microsoft giving developers Win32 API access in their JVM (due to fears that people could then theoretically create non-portable "Java" programs) enough to sue them to prevent them from using the technology going forward, leaving the at-the-time most widely-deployed browser, Internet Explorer, forever stuck with a broken stack that was only compatible with the rapidly-limiting Java 1.1 unless the user went out of their way to install what I remember being a little-known and rather finicky package from Sun. In the mean time, Flash stepped in with a runtime that was equally supported on every then-major browser, which had a great IDE, and which was maybe even less complex to install (but certainly no more complex).
Serious question: Even if Theranos goes down in flames, won't she walk away from this with a fortune? Maybe not quite the fortune she thought, but still many millions?
Quite likely. In later rounds, founders are often strongly encouraged to take money off the table by selling equity.
This isn't shady, it's so the founding team stops worrying about money and focuses full-time on the company. Ramen-profitable is good in the short term, but time becomes increasingly valuable as a company grows.
> This isn't shady, it's so the founding team stops worrying about money and focuses full-time on the company.
Uh, no. It's so that the founders won't sell the company at a mere 4-5x rather than then 20-100x that the VC's want.
If it was genuinely about the company, they'd let all the initial people take some stock off the table. Instead they only allow the people who could sell the company to take stock off the table.
This is true for many companies, but in the case of gross negligence[1], simply the action of her cashing out could be securities fraud and/or grounds for clawing back the money she took out.
[1] which I'm not accusing Holmes of, but it's not out of the question, either.
It's common and its bullshit. If founders take from funding then so should employees. They should be able to stop worrying about money as much as the founders.
I've seen her driving around town, she has some insane sports car that looks like a rocket ship. I couldn't even recognize what it was (Ferrari? Lamborghini?) it was so unusual looking.