This makes complete sense from an investor’s perspective, as it increases the chances of a successful exit. While we focus on the technical merits or critique here on HN/YC, investors are playing a completely different game.

To be a bit acerbic, and inspired by Arthur C. Clarke, I might say: "Any sufficiently complex business could be indistinguishable from Theranos".

Theranos was not a "complex business". It was deliberate fraud and deception, and investors that were just gullible. The investors should have demanded to see concrete results