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00:00ALSO ALLOW THEM TIME TO CREATE THEIR BUSINESS. READ: MASTERS AND ENTREPRENEURSHIP? >> ABSOLUTELY. EMILY: YOU MENTIONED THERE AND IS. YOU WROTE ONE OF THE FIRST SEAT CHECKS TO ELIZABETH HOLMES. WHAT WENT WRONG WITH THEIR NOSE, AND SHOULD ELIZABETH STILL BE THE ONE LEAVING THE COMPANY -- LEADING THE COMPANY? >> JUST THE WAY UBER WAS ATTACKED BY TAXI DRIVERS, AND BITCOIN WAS ATTACKED BY THE BANKS, THERE WEREBEING ATTACKED BY THE POWERS THAT BE, BIG PHARMA AND HER COMPARATORS, IN THE WORLD OF INSURANCE, MEDICAL INSURANCE, PEOPLE IN GOVERNMENT, WHO ARE GOING TO BE VERY MUCH AFFECTED BY A REALLY CHEAP, REALLY EFFECTIVE, WONDERFUL SOLUTION. YOU DON'T HAVE TO GIVE MUCH BLOOD. BRAD: HAVEN'T THEY FAILED TO DEMONSTRATE THE PROOF OF THE RELIABILITY OF THE RESULTS AGAIN AND AGAIN? >> HURRAY IS THE JOKE. NONE OF THEIR COMPETITORS HAVE HAD TO DO THIS. THE GOVERNOR HAS NEVER GONE AND INSPECTED ANY OF THEIR COMPETITORS. BIG PHARMA IS SAYING, GO INSPECT THESE GUYS, GO CREATE TURMOIL, SEE IF YOU CAN SHAKE THEM UP, MAYBE PUT THEM OUT OF BUSINESS. INSTEAD, WE SHOULD BE FOCUSED ON THE CONSUMER. THE CONSUMERS LOVE IT. THE PARENTS, WE GET THESE LETTERS FROM PARENTS SAYING , THANK YOU SO MUCH, MY CHILD DOES NOT WANT TO GIVE TWO PINTS OF BLOOD TO A VAMPIRE, INSTEAD THEY WANT ONE DROP OF BLOOD -- EMILY: QUICKLY, WHAT ABOUT ELIZABETH? WHAT IS YOUR FAITH IN HER? >> SHE IS BRILLIANT, SHE IS AWESOME. SHE IS ONE OF THE GREATEST FEMALE ENTREPRENEURS, AND WE ARE LUCKY TO HAVE HER. I HOPE EVENTUALLY THAT WHOEVER

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DFJ's Draper: There's Nothing Wrong With Theranos

Tim Draper, Draper Fisher Jurvetson (DFJ) founding partner, comments on Theranos during an interview with Bloomberg's Emily Chang and Brad Stone at the 2016 Global Entrepreneurship Summit in Stanford, California. (Source: Bloomberg)

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