What It Took to Tell the Truth About Theranos | Whistleblower Tyler Shultz

Speaking up at Theranos meant risking your career, your relationships, and your safety. Tyler Shultz did it anyway.

With the release of You Can See Everything, Nathan Fielder and Lance Oppenheim’s documentary about Elizabeth Holmes, we’re re-releasing our November 2025 conversation with the whistleblower who helped expose Theranos. Tyler has since criticized the film for leaving out important context and challenged Holmes’ account.

Halle and Michael sit down with Tyler to discuss how a company built on faulty science won over some of the world’s most powerful people, and what it took to challenge it. Michael, Theranos’ first general counsel, also shares his experience being fired after trying to investigate wrongdoing.

We cover:

• What it was like working inside Theranos
• The one question he suggests job seekers ask potential employers
• What ethical leadership looks like when the pressure is on
• His thoughts on Elizabeth Holmes’ new “blood testing” company
• Why rewarding whistleblowers might actually protect investors and patients

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About our guest:

Tyler Shultz is a scientist at heart, a founder by nature, a whistleblower by accident, a speaker by day, a venture partner by night, and a dad 24/7. His professional life began by exposing unethical practices at Theranos, a revelation that led to the collapse of the $9 billion company and the criminal convictions of its CEO and COO. Since then, he has co-founded two diagnostics companies: a deep tech spinout from Stanford’s Center for Magnetic Nanotechnology and a direct-to-consumer diagnostics and telehealth company. Beyond building companies, Tyler advises startups and venture funds, helping them navigate the technical, commercial, and ethical challenges of scaling groundbreaking ideas. As a speaker, he shares his experiences with audiences worldwide, addressing lawyers, founders, executives, employees, students, investors, board members, regulators, and compliance experts. He explores themes of truth, courage, and integrity, demonstrating how ethical decision-making can be a competitive advantage.

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