Theranos was famously founded on pitches about blood testing from finger pricks that literally any phlebotomist and many people with a modest life science background could've told you were physically and statistically impossible on their face. You should be considerably less credulous toward startup grifters.

The reason why you (and everyone else) knows about Theranos is that it was unique, which serves as a bad signifier if you want to judge what is likely to happen with the next startup. Being in prison and losing billions of dollars is just not something most people get excited about.