Episode summary
Billy Evans Speaks Out: Elizabeth Holmes' Trial, Prison & Nathan Fielder’s Documentary
All-In Podcast
· · 42 min · Guests: Billy Evans, Elizabeth Holmes
Summary
The guest argued that his relationship with Elizabeth Holmes began before her indictment, when he met her in 2017 and encountered a person very different from the public caricature. He said they spent months as friends, then dated as the Theranos case escalated, and that he saw Holmes as someone who believed she was innocent and tried to stay silent because the judge wanted the case fought in court, not in the press.
He defended her conduct around the trial and sentencing, saying the defense was hampered by a long silence, that the jury acquitted her of the patient-fraud counts, and that the investors named at sentencing and the $435 million restitution figure exaggerated the practical harm. He also described the strain of raising two children while Holmes was pregnant, then later incarcerated at the Bryan Federal Prison Camp, and said she could reach a halfway house in the second quarter of next year under the First Step Act.
The discussion also covered why they agreed to a documentary with Nathan Fielder and Lance, which the guest said was meant to show Holmes as a person rather than relitigate the case. He closed by describing his new company, Hemanthes, which is building Raman-spectroscopy sensors for biology and is not, in his view, “Theranos 2.0.”
Key takeaways
- The guest said he met Elizabeth Holmes in October 2017, before her indictment, and came to know her as a different person than the public narrative.
- He argued that Holmes stayed silent through the case because the judge told the defense to litigate in court, not in the press.
- He said Holmes was acquitted on the four patient-fraud counts, while the conviction centered on three investor-fraud counts and conspiracy.
- The guest said Holmes owes $435 million in restitution and could reach a halfway house in the second quarter of next year under the First Step Act.
- He said the documentary was meant to let viewers see Holmes directly, not to retry the Theranos case.
- He said his new company, Hemanthes, uses Raman spectroscopy to build cheaper sensors for biology and AI data.
Notable quotes
“I think that was the single biggest mistake that Elizabeth has ever made, to be like really clear”
“Elizabeth and I met at a Fleet Week party in San Francisco on the roof of some venture capitalist”
“I think I was most curious to understand the difference between the person that I experienced and the person that I told existed, was told like existed”
“We have two children, yeah. So, my son uh is now five”
“the whole idea was here she is. See her and make up your own mind as a person”
How the episode opens
Billy Evans, who is Elizabeth Holmes's partner, the subject of the forthcoming documentary you can see everything, has had an unconventional love story with her fiance Billy Evans. The couple first connected as federal authorities were investigating Holmes for fraud and conspiracy connected to her failed blood testing startup Theranos.
A new documentary is offering an unprecedented look into the life of Elizabeth Holmes, the tech CEO turned convicted felon. — At the center of a massive multi-year fraud. — Elizabeth Holmes was sentenced today to 11 and a quarter years in prison, four counts of criminal fraud.
The disgraced tycoon and her fiance Billy Evans — Please welcome Billy Evans. — Welcome. — What's up? Hi everyone. — Have a seat. Have you ever done a live interview like this? — Dude, I've never done an interview. — You've never done an interview.
Thank you guys all for being the guinea pigs here. I I appreciate it and apologies. — You're Elizabeth Holmes's husband? — That's typically not how I love to be introduced. Um yeah, my name's Billy Evans and yes, Elizabeth Holmes is my wife and best friend and partner.
You and I met at a party. — Yeah. — Um two a year and a half ago, I think. — Yeah, around F1, I think in Honestly — Yeah, that's right. Um and we started talking and it that kind of got us kind of chatting about Elizabeth and the case and the history.
Yeah, I think I came up to you when I said David, my name's Billy Evans. Uh you guys talk about my wife a lot on your podcast. And you've got a lot of the story pretty fundamentally wrong. So, if you're ever interested in learning some more details, I'm happy to read you in.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- elizabeth holmes trial
- prison call
- sentencing and restitution
- fundraising mistakes
- nathan fielder documentary
Companies and tickers mentioned
- Theranos
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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