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Peterson said she did due diligence on the deal, including compiling a memo with information from two binders Theranos sent, notes from a call with Holmes, and online research.
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Peterson testified that Holmes handpicked wealthy families to invest and that “she was inviting us to participate in this opportunity.” In an email sent to DeVos family members, Tubergen wrote that heirs to the Walmart fortune were also investing in the round: “Walton family for sure (I’m thinking nice synergy there).” (The Waltons reportedly invested $150 million in the company.) “This morning I had one of the most interesting meetings I can recall with the women profiled in the attached Fortune magazine article,” Tubergen wrote in the email, which was shown in court. Tubergen’s excitement about Holmes was evident in an email sent to members of the DeVos family. Peterson testified that she requested to work on the Theranos deal after first hearing about the company from RDV CEO Jerry Tubergen, who had met with Holmes and her brother at a conference. Here are the highlights from week eight of the trial: Holmes has pleaded not guilty and faces up to 20 years in prison. Holmes, once hailed as the next Steve Jobs, is facing a dozen federal fraud charges over allegations that she knowingly misled investors, doctors, and patients about her company’s blood testing capabilities in order to take their money. Lisa Peterson, a managing director at RDV who helped vet the deal, testified about the investment - and due to a juror conflict and a plumbing issue, she was also the only witness introduced this week. The DeVos family invested in the startup in 2014 through its family office, RDV Corp, after a family member had her blood drawn.