This is episode 3 of "The Dropout," a podcast about the fall of Elizabeth Holmes' startup Theranos. : This is episode 3 of "The Dropout," a six-episode ABC Radio podcast about the fall of Elizabeth Holmes' startup Theranos. If you haven’t listened to episodes 1 and 2, we advise that you do so first. By 2013, just 10 years after Elizabeth Holmes had founded her blood-testing startup Theranos as a 19-year-old Stanford dropout, she had landed a major client and was well on her way to being a star of the biotech world.